Kieckhefer Group LLC Acquires 42,017 Shares of BigBear.ai Holdings, Inc. $BBAI

Key Points

• Kieckhefer Group LLC increased its investment in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 18.8% during Q2, owning approximately $1.80 million in stock at the end of the quarter.
• HC Wainwright lowered BigBear.ai's price target from $9.00 to $8.00 while maintaining a "buy" rating, as the company currently carries a Moderate Buy average rating from analysts.
• BigBear.ai reported a negative net margin of 269.28% and a year-over-year revenue decline of 18.3%, with quarterly revenue of $32.47 million against expectations of $41.18 million.

Kieckhefer Group LLC increased its stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 18.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 265,640 shares of the company's stock after acquiring an additional 42,017 shares during the quarter. BigBear.ai makes up 1.0% of Kieckhefer Group LLC's investment portfolio, making the stock its 17th largest position. Kieckhefer Group LLC owned approximately 0.09% of BigBear.ai worth $1,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in BBAI. Ameriprise Financial Inc. bought a new stake in shares of BigBear.ai during the 4th quarter valued at about $81,000. BNP Paribas Financial Markets bought a new stake in BigBear.ai in the fourth quarter worth $57,000. Deutsche Bank AG raised its holdings in shares of BigBear.ai by 4.6% in the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock worth $245,000 after buying an additional 2,427 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BigBear.ai by 21.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 296,565 shares of the company's stock worth $1,320,000 after buying an additional 51,377 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of BigBear.ai by 51.5% during the fourth quarter. ProShare Advisors LLC now owns 29,077 shares of the company's stock valued at $129,000 after buying an additional 9,879 shares during the period. Hedge funds and other institutional investors own 7.55% of the company's stock.

Analysts Set New Price Targets

Separately, HC Wainwright decreased their target price on shares of BigBear.ai from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, BigBear.ai currently has an average rating of "Moderate Buy" and an average target price of $6.00.

BigBear.ai Stock Performance

NYSE:BBAI traded up $0.23 during midday trading on Monday, reaching $7.08. 133,660,210 shares of the company traded hands, compared to its average volume of 71,138,888. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.91 and a quick ratio of 1.91. BigBear.ai Holdings, Inc. has a twelve month low of $1.36 and a twelve month high of $10.36. The company has a fifty day moving average price of $6.14 and a 200 day moving average price of $4.69. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of -4.92 and a beta of 3.41.

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

Insiders Place Their Bets

In other BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total value of $64,082.30. Following the completion of the sale, the chief financial officer owned 296,345 shares in the company, valued at approximately $1,585,445.75. This trade represents a 3.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company's stock.

BigBear.ai Company 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.