Marathon Trading Investment Management LLC Acquires New Position in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Key Points

• Marathon Trading Investment Management LLC has made a new investment of approximately $286,000 in BigBear.ai, acquiring 100,000 shares in the first quarter.
• BigBear.ai recently reported earnings of ($0.06) EPS, slightly exceeding analysts' expectations, but with a revenue drop of 18.3% year-over-year.
• Institutional investors now hold 7.55% of BigBear.ai's stock, with notable share increases from firms like Invesco and Deutsche Bank.

Marathon Trading Investment Management LLC purchased a new stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 100,000 shares of the company's stock, valued at approximately $286,000.

Other hedge funds also recently bought and sold shares of the company. City State Bank purchased a new stake in shares of BigBear.ai in the first quarter valued at $29,000. Cornerstone Wealth Management LLC bought a new position in shares of BigBear.ai in the first quarter worth about $29,000. Blue Bell Private Wealth Management LLC grew its holdings in shares of BigBear.ai by 2,216.0% in the first quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company's stock worth $33,000 after purchasing an additional 11,080 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of BigBear.ai in the first quarter worth about $34,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of BigBear.ai in the first quarter worth about $37,000. Hedge funds and other institutional investors own 7.55% of the company's stock.

Analyst Ratings Changes

Separately, HC Wainwright cut their price target on shares of BigBear.ai from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Tuesday.

BigBear.ai Trading Up 5.3%

Shares of NYSE BBAI traded up $0.31 during mid-day trading on Friday, reaching $6.15. The company had a trading volume of 71,589,947 shares, compared to its average volume of 88,592,256. The business's 50-day moving average is $6.23 and its 200-day moving average is $4.90. The company has a current ratio of 1.91, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -4.27 and a beta of 3.44. BigBear.ai Holdings, Inc. has a 52 week low of $1.24 and a 52 week high of $10.36.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. The company had revenue of $32.47 million for the quarter, compared to analysts' expectations of $41.18 million. During the same period in the prior year, the business earned ($0.06) EPS. The firm's quarterly revenue was down 18.3% on a year-over-year basis. Equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CFO Julie Peffer sold 50,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total transaction of $220,000.00. Following the transaction, the chief financial officer directly owned 634,153 shares in the company, valued at $2,790,273.20. This represents a 7.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

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.