Moody National Bank Trust Division Purchases New Stake in BigBear.ai Holdings, Inc. $BBAI

Key Points

• Moody National Bank Trust Division purchased 64,792 shares of BigBear.ai Holdings, Inc. (BBAI), valued at approximately $440,000, during the 2nd quarter.
• Insider activity included CFO Sean Raymond Ricker selling 11,978 shares at an average price of $5.35, reducing his ownership by 3.88%.
• BigBear.ai reported a quarterly revenue of $32.47 million, missing analyst estimates, and projected a FY 2025 EPS guidance amidst negative return metrics.

Moody National Bank Trust Division purchased a new position in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 64,792 shares of the company's stock, valued at approximately $440,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BBAI. Wealth Enhancement Advisory Services LLC increased its holdings in shares of BigBear.ai by 47.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 27,941 shares of the company's stock valued at $190,000 after acquiring an additional 8,964 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in BigBear.ai during the second quarter worth about $184,000. Bay Rivers Group bought a new position in BigBear.ai during the 2nd quarter worth approximately $74,000. Enterprise Bank & Trust Co acquired a new position in shares of BigBear.ai during the 2nd quarter valued at $68,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of BigBear.ai by 569.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock worth $6,694,000 after buying an additional 1,990,822 shares during the period. Institutional investors own 7.55% of the company's stock.

Insiders Place Their Bets

In related news, CFO Sean Raymond Ricker sold 11,978 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total value of $64,082.30. Following the transaction, the chief financial officer directly owned 296,345 shares of the company's stock, valued at approximately $1,585,445.75. This 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. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Separately, HC Wainwright lowered their price objective on BigBear.ai from $9.00 to $8.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Two equities 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, the stock has an average rating of "Moderate Buy" and an average price target of $6.00.

BigBear.ai Stock Performance

NYSE BBAI traded up $0.59 during trading on Friday, reaching $6.87. The company's stock had a trading volume of 155,373,024 shares, compared to its average volume of 71,138,888. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of -4.77 and a beta of 3.41. BigBear.ai Holdings, Inc. has a 12 month low of $1.36 and a 12 month high of $10.36. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average price of $6.14 and a 200 day moving average price of $4.67.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $41.18 million. During the same period in the prior year, the business posted ($0.06) earnings per share. The company's quarterly revenue was down 18.3% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

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.