Goldman Sachs Group Inc. Has $6.69 Million Stock Position in BigBear.ai Holdings, Inc. $BBAI

Key Points

• Goldman Sachs Group Inc. increased its holdings in BigBear.ai Holdings, Inc. by 569.0% during the first quarter, owning 2,340,713 shares worth approximately $6.69 million.
• Analysts at HC Wainwright lowered their price target on BigBear.ai from $9.00 to $8.00, while the stock currently has a consensus rating of "Moderate Buy" with a target of $6.00.
• BigBear.ai reported a quarterly revenue of $32.47 million, falling short of the $41.18 million expected, with an EPS of ($0.06), beating estimates by $0.01.

Goldman Sachs Group Inc. lifted its holdings in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 569.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,340,713 shares of the company's stock after purchasing an additional 1,990,822 shares during the quarter. Goldman Sachs Group Inc. owned about 0.80% of BigBear.ai worth $6,694,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers raised its position in shares of BigBear.ai by 18.1% during the 1st quarter. Rhumbline Advisers now owns 132,012 shares of the company's stock worth $378,000 after acquiring an additional 20,187 shares in the last quarter. Flaharty Asset Management LLC acquired a new position in shares of BigBear.ai in the first quarter worth $26,000. NewEdge Advisors LLC increased its stake in BigBear.ai by 441.1% in the first quarter. NewEdge Advisors LLC now owns 74,318 shares of the company's stock valued at $213,000 after purchasing an additional 60,583 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BigBear.ai by 54.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company's stock worth $1,306,000 after acquiring an additional 160,096 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of BigBear.ai in the first quarter valued at about $88,000. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

BigBear.ai Stock Up 4.9%

Shares of BigBear.ai stock traded up $0.30 during midday trading on Thursday, hitting $6.32. The company's stock had a trading volume of 76,389,434 shares, compared to its average volume of 85,875,609. The firm has a market capitalization of $2.34 billion, a P/E ratio of -4.40 and a beta of 3.40. The stock has a 50-day simple moving average of $6.15 and a 200-day simple moving average of $4.64. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.42. BigBear.ai Holdings, Inc. has a 1-year low of $1.36 and a 1-year high of $10.36.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.The firm had revenue of $32.47 million during the quarter, compared to analysts' expectations of $41.18 million. During the same quarter last year, the firm earned ($0.06) earnings per share. The business's revenue for the quarter was down 18.3% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Transactions at BigBear.ai

In related news, CFO Sean Raymond Ricker sold 11,978 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total transaction of $64,082.30. Following the transaction, the chief financial officer directly owned 296,345 shares in the company, valued at $1,585,445.75. The trade was a 3.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, HC Wainwright reduced their target price on BigBear.ai from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, BigBear.ai presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.00.

BigBear.ai Profile

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.