Kingswood Wealth Advisors LLC Purchases Shares of 84,243 BigBear.ai Holdings, Inc. (NYSE:BBAI)

Kingswood Wealth Advisors LLC purchased a new stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 84,243 shares of the company's stock, valued at approximately $248,000.

A number of other hedge funds also recently made changes to their positions in BBAI. AE Industrial Partners LP purchased a new position in BigBear.ai in the 4th quarter worth approximately $284,721,000. TFG Asset Management GP Ltd purchased a new position in BigBear.ai in the 4th quarter worth approximately $4,005,000. Soviero Asset Management LP purchased a new position in BigBear.ai in the 4th quarter worth approximately $3,248,000. Blair William & Co. IL purchased a new position in BigBear.ai in the 4th quarter worth approximately $1,039,000. Finally, Bulltick Wealth Management LLC purchased a new stake in shares of BigBear.ai during the 4th quarter worth approximately $868,000. 7.55% of the stock is currently owned by institutional investors.

BigBear.ai Trading Up 25.4%

BigBear.ai stock traded up $1.06 during mid-day trading on Tuesday, hitting $5.24. The company's stock had a trading volume of 297,332,164 shares, compared to its average volume of 41,675,723. The company has a 50 day moving average of $3.59 and a 200-day moving average of $4.04. The stock has a market cap of $1.53 billion, a PE ratio of -6.72 and a beta of 3.29. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.66 and a current ratio of 1.66. BigBear.ai Holdings, Inc. has a one year low of $1.17 and a one year high of $10.36.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The firm had revenue of $34.76 million for the quarter, compared to the consensus estimate of $36.26 million. During the same period in the previous year, the company posted ($0.67) EPS. BigBear.ai's quarterly revenue was up 4.9% compared to the same quarter last year. On average, research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Transactions at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 14,063 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $3.05, for a total transaction of $42,892.15. Following the completion of the sale, the chief accounting officer now directly owns 270,061 shares in the company, valued at $823,686.05. This represents a 4.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Julie Peffer sold 50,000 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total value of $220,000.00. Following the sale, the chief financial officer now owns 634,153 shares of the company's stock, valued at $2,790,273.20. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,053 shares of company stock valued at $620,599. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BBAI shares. Northland Capmk cut BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th. Cantor Fitzgerald decreased their price objective on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Northland Securities lowered BigBear.ai from an "outperform" rating to a "market perform" rating and increased their price target for the company from $2.50 to $4.00 in a report on Friday, March 7th. Finally, HC Wainwright decreased their price target on BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, March 7th.

About BigBear.ai

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.