Wedbush Securities Inc. Makes New Investment in BigBear.ai Holdings, Inc. $BBAI

Key Points

• Wedbush Securities acquired a new stake in BigBear.ai (NYSE: BBAI) of 245,800 shares valued at about $1.67 million, representing roughly 0.08% ownership at the end of the quarter.
• CFO Sean Raymond Ricker sold 11,978 shares on Aug. 27 at an average $5.35, cutting his stake by 3.88% to 296,345 shares; insiders now own about 0.54% of the company.
• BigBear.ai slightly beat EPS expectations (‑$0.06 vs. ‑$0.07) but revenue fell 18.3% year-over-year and the firm has negative margins; analysts' consensus rating is a Hold with a $6.00 target.

Wedbush Securities Inc. acquired a new stake in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 245,800 shares of the company's stock, valued at approximately $1,669,000. Wedbush Securities Inc. owned approximately 0.08% of BigBear.ai at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Janney Montgomery Scott LLC grew its stake in BigBear.ai by 11.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 23,320 shares of the company's stock valued at $158,000 after acquiring an additional 2,325 shares during the period. Nisa Investment Advisors LLC raised its position in BigBear.ai by 68.4% during the second quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company's stock worth $42,000 after acquiring an additional 2,527 shares during the period. Choreo LLC lifted its holdings in BigBear.ai by 25.3% during the first quarter. Choreo LLC now owns 18,817 shares of the company's stock valued at $54,000 after purchasing an additional 3,802 shares in the last quarter. Invesco Ltd. grew its position in shares of BigBear.ai by 26.4% in the first quarter. Invesco Ltd. now owns 26,728 shares of the company's stock valued at $76,000 after purchasing an additional 5,579 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of BigBear.ai by 4.8% in the first quarter. Harbour Investments Inc. now owns 135,865 shares of the company's stock valued at $389,000 after purchasing an additional 6,269 shares during the period. 7.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BigBear.ai

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 in the company, valued at approximately $1,585,445.75. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company's stock.

BigBear.ai Stock Up 0.2%

NYSE BBAI opened at $5.67 on Friday. The business's fifty day simple moving average is $6.55 and its 200-day simple moving average is $5.67. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.48 billion, a PE ratio of -3.94 and a beta of 3.42. BigBear.ai Holdings, Inc. has a 52 week low of $1.65 and a 52 week high of $10.36.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. The firm had revenue of $32.47 million during the quarter, compared to analyst estimates of $41.18 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. BigBear.ai's quarterly revenue was down 18.3% on a year-over-year basis. 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 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on BBAI. HC Wainwright decreased their price target on shares of BigBear.ai from $9.00 to $8.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of BigBear.ai in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $6.00.

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.

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