Raymond James Financial Inc. Acquires New Shares in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Raymond James Financial Inc. bought a new position in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 138,988 shares of the company's stock, valued at approximately $618,000. Raymond James Financial Inc. owned 0.06% of BigBear.ai as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in BigBear.ai by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company's stock worth $25,768,000 after acquiring an additional 23,994 shares during the last quarter. Geode Capital Management LLC increased its position in shares of BigBear.ai by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock worth $9,780,000 after purchasing an additional 38,858 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in BigBear.ai by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock valued at $1,329,000 after purchasing an additional 8,879 shares in the last quarter. Blair William & Co. IL bought a new stake in BigBear.ai during the fourth quarter valued at approximately $1,039,000. Finally, Sargent Investment Group LLC purchased a new position in BigBear.ai in the 4th quarter worth approximately $1,028,000. Hedge funds and other institutional investors own 7.55% of the company's stock.

BigBear.ai Stock Performance

BigBear.ai stock opened at $3.06 on Thursday. The firm has a fifty day simple moving average of $3.17 and a two-hundred day simple moving average of $3.59. BigBear.ai Holdings, Inc. has a twelve month low of $1.17 and a twelve month high of $10.36. The company has a market capitalization of $889.58 million, a PE ratio of -3.36 and a beta of 3.32. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). The company had revenue of $34.76 million during the quarter, compared to the consensus estimate of $36.26 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company's revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted ($0.67) EPS. Research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 10,000 shares of BigBear.ai stock in a transaction on Monday, May 5th. The shares were sold at an average price of $3.33, for a total value of $33,300.00. Following the sale, the chief accounting officer now owns 293,639 shares in the company, valued at $977,817.87. The trade was a 3.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 48,232 shares of company stock valued at $171,297 in the last quarter. Company insiders own 1.00% of the company's stock.

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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