Cetera Investment Advisers Reduces Stake in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Cetera Investment Advisers decreased its stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 90.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,892 shares of the company’s stock after selling 226,275 shares during the period. Cetera Investment Advisers’ holdings in BigBear.ai were worth $111,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BBAI. Cape Investment Advisory Inc. acquired a new stake in shares of BigBear.ai during the fourth quarter worth $40,000. Captrust Financial Advisors acquired a new position in shares of BigBear.ai during the fourth quarter worth about $45,000. Retirement Income Solutions Inc acquired a new position in shares of BigBear.ai during the fourth quarter worth about $47,000. Jones Financial Companies Lllp lifted its stake in shares of BigBear.ai by 4,202.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company’s stock worth $57,000 after purchasing an additional 12,607 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of BigBear.ai during the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

Insider Buying and Selling at BigBear.ai

In other news, CFO Julie Peffer sold 45,924 shares of BigBear.ai 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 transaction, the chief financial officer now owns 684,153 shares of the company’s stock, valued at $2,380,852.44. This trade represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the completion of the transaction, the chief accounting officer now owns 223,070 shares in the company, valued at $814,205.50. This trade represents a 13.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 204,219 shares of company stock valued at $752,605 in the last quarter. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BBAI. HC Wainwright dropped their target price on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Northland Capmk lowered BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Northland Securities lowered BigBear.ai from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $2.50 to $4.00 in a report on Friday, March 7th. Finally, Cantor Fitzgerald decreased 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.

BigBear.ai Stock Performance

Shares of NYSE BBAI opened at $3.96 on Tuesday. BigBear.ai Holdings, Inc. has a 1 year low of $1.17 and a 1 year high of $10.36. The stock has a fifty day moving average price of $3.23 and a two-hundred day moving average price of $3.87. The firm has a market cap of $1.15 billion, a P/E ratio of -4.35 and a beta of 3.32. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

BigBear.ai (NYSE:BBAI) last released its 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). The business had revenue of $34.76 million during the quarter, compared to analysts’ expectations of $36.26 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. BigBear.ai’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.67) EPS. Research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal 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.