Sassicaia Capital Advisers LLC Makes New $1.51 Million Investment in BigBear.ai Holdings, Inc. $BBAI

Key Points

• Sassicaia Capital Advisers bought 222,392 shares of BigBear.ai (NYSE: BBAI) in Q2, a new position valued at approximately $1.51 million, representing about 0.08% of the company and the firm's 13th-largest holding.
• Several institutions also boosted exposure — notably Goldman Sachs increased its stake by 569% to 2.34 million shares, Swiss National Bank raised its position to 552,100 shares, and XTX Topco lifted holdings nearly 981% — with hedge funds and institutions now owning about 7.55% of BBAI.
• BigBear.ai recently reported Q results that missed EPS by $0.01 (‑$0.07 vs. ‑$0.06) with revenue down 20.1% to $33.14M, and analysts currently show an average "Hold" rating with a $6.33 target while the stock trades near $6.80.

Sassicaia Capital Advisers LLC purchased a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 222,392 shares of the company's stock, valued at approximately $1,510,000. BigBear.ai accounts for 1.0% of Sassicaia Capital Advisers LLC's holdings, making the stock its 13th largest position. Sassicaia Capital Advisers LLC owned about 0.08% of BigBear.ai as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BBAI. Goldman Sachs Group Inc. boosted its holdings in BigBear.ai by 569.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock valued at $6,694,000 after acquiring an additional 1,990,822 shares during the period. Baird Financial Group Inc. purchased a new stake in BigBear.ai during the first quarter worth about $286,000. Wedbush Securities Inc. acquired a new stake in shares of BigBear.ai during the second quarter worth about $1,669,000. Swiss National Bank lifted its position in shares of BigBear.ai by 51.1% during the second quarter. Swiss National Bank now owns 552,100 shares of the company's stock worth $3,749,000 after purchasing an additional 186,600 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of BigBear.ai by 980.7% in the second quarter. XTX Topco Ltd now owns 368,938 shares of the company's stock valued at $2,505,000 after purchasing an additional 334,799 shares during the period. Hedge funds and other institutional investors own 7.55% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BigBear.ai in a research note on Wednesday, October 8th. HC Wainwright restated a "buy" rating and issued a $8.00 price target on shares of BigBear.ai in a research note on Tuesday, November 11th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $7.00 price objective on shares of BigBear.ai in a research report on Tuesday, November 11th. Finally, Wall Street Zen upgraded BigBear.ai from a "strong sell" rating to a "hold" rating in a research note on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, BigBear.ai presently has an average rating of "Hold" and an average target price of $6.33.

BigBear.ai Trading Down 3.1%

Shares of NYSE:BBAI opened at $6.80 on Friday. BigBear.ai Holdings, Inc. has a 52 week low of $2.36 and a 52 week high of $10.36. The company's 50 day moving average is $6.68 and its two-hundred day moving average is $6.04. The company has a market cap of $2.97 billion, a PE ratio of -4.79 and a beta of 3.44. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.18.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Monday, November 10th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01). BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The firm had revenue of $33.14 million for the quarter, compared to analyst estimates of $31.82 million. During the same quarter in the previous year, the firm posted ($0.05) EPS. The business's revenue for the quarter was down 20.1% on a year-over-year basis. Equities analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Dorothy D. Hayes sold 22,000 shares of the business's stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total transaction of $133,760.00. Following the completion of the sale, the director owned 236,150 shares in the company, valued at $1,435,792. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% 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.

Want to see what other hedge funds are holding BBAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.