900,000 Shares in BigBear.ai Holdings, Inc. (NYSE:BBAI) Purchased by TFG Asset Management GP Ltd

TFG Asset Management GP Ltd acquired a new position in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 900,000 shares of the company's stock, valued at approximately $4,005,000. BigBear.ai comprises about 0.9% of TFG Asset Management GP Ltd's investment portfolio, making the stock its 20th biggest position. TFG Asset Management GP Ltd owned approximately 0.36% of BigBear.ai at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BBAI. AE Industrial Partners LP bought a new position in shares of BigBear.ai during the 4th quarter worth about $284,721,000. Soviero Asset Management LP bought a new position in shares of BigBear.ai during the 4th quarter worth about $3,248,000. Blair William & Co. IL bought a new position in shares of BigBear.ai during the 4th quarter worth about $1,039,000. Sargent Investment Group LLC bought a new position in BigBear.ai in the 4th quarter valued at about $1,028,000. Finally, Bulltick Wealth Management LLC bought a new position in BigBear.ai in the 4th quarter valued at about $868,000. Institutional investors own 7.55% of the company's stock.

Analyst Upgrades and Downgrades

BBAI has been the topic of several recent research reports. Northland Capmk cut shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. Cantor Fitzgerald dropped their target price on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Northland Securities lowered shares of BigBear.ai from an "outperform" rating to a "market perform" rating and raised their price target for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. Finally, HC Wainwright reduced their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Friday, March 7th.

Insider Buying and Selling at BigBear.ai

In related news, CFO Julie Peffer sold 45,924 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $3.48, for a total value of $159,815.52. Following the sale, the chief financial officer now owns 684,153 shares in the company, valued at approximately $2,380,852.44. This trade represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Sean Raymond Ricker sold 14,063 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 270,061 shares in the company, valued at $823,686.05. The trade was a 4.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 154,219 shares of company stock valued at $532,605. Corporate insiders own 1.10% of the company's stock.

BigBear.ai Trading Up 24.0%

BigBear.ai stock traded up $0.87 during mid-day trading on Tuesday, hitting $4.51. The company's stock had a trading volume of 171,485,592 shares, compared to its average volume of 31,846,737. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -4.96 and a beta of 3.32. The business has a 50 day moving average price of $3.14 and a 200-day moving average price of $3.79. BigBear.ai Holdings, Inc. has a 12 month low of $1.17 and a 12 month high of $10.36.

BigBear.ai (NYSE:BBAI - Get Free Report) last released 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 138.35% and a negative net margin of 109.90%. The company had revenue of $34.76 million during the quarter, compared to the consensus estimate of $36.26 million. During the same period in the previous year, the company earned ($0.67) earnings per share. BigBear.ai's quarterly revenue was up 4.9% on a year-over-year basis. As a group, analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

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.