Vanguard Group Inc. Boosts Position in BigBear.ai Holdings, Inc. $BBAI

Key Points

• Vanguard Group Inc. increased its stake in BigBear.ai by 9.2% during the first quarter, bringing its total ownership to approximately 6.3 million shares valued at $18 million.
• BigBear.ai reported a quarterly revenue of $32.47 million, falling short of analyst estimates, and had earnings per share of ($0.06), slightly beating expectations.
• Analysts have set a moderate buy consensus rating for BigBear.ai, with an average price target of $6.00, although one firm has lowered its price target from $9.00 to $8.00.

Vanguard Group Inc. grew its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 9.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,325,571 shares of the company's stock after buying an additional 534,963 shares during the quarter. Vanguard Group Inc. owned approximately 2.17% of BigBear.ai worth $18,091,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BBAI. Invesco Ltd. grew its position in shares of BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company's stock worth $94,000 after purchasing an additional 1,629 shares in the last quarter. Deutsche Bank AG grew its position in shares of BigBear.ai by 4.6% during the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock worth $245,000 after purchasing an additional 2,427 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of BigBear.ai by 5.1% during the fourth quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock worth $349,000 after purchasing an additional 3,797 shares in the last quarter. Choreo LLC grew its position in shares of BigBear.ai by 25.3% during the first quarter. Choreo LLC now owns 18,817 shares of the company's stock worth $54,000 after purchasing an additional 3,802 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of BigBear.ai by 12.3% during the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock worth $228,000 after purchasing an additional 5,591 shares in the last quarter. Hedge funds and other institutional investors own 7.55% of the company's stock.

BigBear.ai Price Performance

NYSE:BBAI opened at $5.06 on Friday. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -3.52 and a beta of 3.44. BigBear.ai Holdings, Inc. has a 1 year low of $1.29 and a 1 year high of $10.36. The business has a 50 day simple moving average of $6.53 and a 200-day simple moving average of $4.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.91 and a quick ratio of 1.91.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. The firm had revenue of $32.47 million during the quarter, compared to analyst estimates of $41.18 million. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.BigBear.ai's quarterly revenue was down 18.3% compared to the same quarter last year. During the same period last year, the company earned ($0.06) EPS. BigBear.ai has set its FY 2025 guidance at EPS. Equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Sean Raymond Ricker sold 11,978 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total transaction of $64,082.30. Following the transaction, the chief financial officer directly owned 296,345 shares in the company, valued at $1,585,445.75. The trade was a 3.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, HC Wainwright dropped their price target on BigBear.ai from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $6.00.

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.

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