McGuire Investment Group LLC Takes $131,000 Position in BigBear.ai Holdings, Inc. (NYSE:BBAI)

McGuire Investment Group LLC purchased a new position in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 45,852 shares of the company's stock, valued at approximately $131,000.

Other hedge funds also recently bought and sold shares of the company. Cape Investment Advisory Inc. purchased a new position in BigBear.ai in the 4th quarter worth about $40,000. City State Bank bought a new stake in shares of BigBear.ai in the 1st quarter worth about $29,000. Cornerstone Wealth Management LLC purchased a new stake in shares of BigBear.ai during the 1st quarter valued at about $29,000. Captrust Financial Advisors purchased a new position in shares of BigBear.ai in the 4th quarter worth approximately $45,000. Finally, Opal Wealth Advisors LLC bought a new stake in BigBear.ai in the first quarter worth $34,000. Institutional investors own 7.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BBAI shares. Northland Capmk lowered shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. HC Wainwright raised their price target on BigBear.ai from $6.00 to $9.00 and gave the stock a "buy" rating in a research note on Tuesday. Cantor Fitzgerald reduced their target price on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Finally, Northland Securities lowered shares of BigBear.ai from an "outperform" rating to a "market perform" rating and boosted their target price for the company from $2.50 to $4.00 in a research note on Friday, March 7th.

BigBear.ai Trading Up 13.7%

BBAI traded up $0.91 during trading on Wednesday, hitting $7.56. 369,313,563 shares of the stock were exchanged, compared to its average volume of 48,646,764. BigBear.ai Holdings, Inc. has a 1 year low of $1.17 and a 1 year high of $10.36. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -9.69 and a beta of 3.46. The firm has a 50 day simple moving average of $3.94 and a 200 day simple moving average of $4.15.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.10) 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 during the quarter, compared to the consensus estimate of $36.26 million. During the same quarter in the prior year, the firm posted ($0.67) earnings per share. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Transactions at BigBear.ai

In other BigBear.ai news, Director Dorothy D. Hayes sold 26,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $3.60, for a total value of $93,600.00. Following the completion of the sale, the director directly owned 255,239 shares in the company, valued at approximately $918,860.40. This trade represents a 9.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Sean Raymond Ricker sold 14,063 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $3.05, for a total value of $42,892.15. Following the completion of the sale, the chief accounting officer directly owned 270,061 shares of the company's stock, valued at approximately $823,686.05. This represents a 4.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 165,987 shares of company stock valued at $614,608. Corporate insiders own 1.10% of the company's stock.

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.