27,581 Shares in BigBear.ai Holdings, Inc. (NYSE:BBAI) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 27,581 shares of the company’s stock, valued at approximately $79,000.

A number of other large investors have also added to or reduced their stakes in BBAI. City State Bank bought a new stake in BigBear.ai in the 1st quarter worth about $29,000. Cornerstone Wealth Management LLC purchased a new stake in shares of BigBear.ai during the 1st quarter valued at about $29,000. Captrust Financial Advisors bought a new stake in shares of BigBear.ai in the fourth quarter worth approximately $45,000. Opal Wealth Advisors LLC purchased a new position in shares of BigBear.ai during the first quarter valued at approximately $34,000. Finally, BNP Paribas Financial Markets bought a new position in BigBear.ai during the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

BigBear.ai Stock Down 7.0%

Shares of NYSE BBAI opened at $7.40 on Tuesday. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -9.48 and a beta of 3.46. BigBear.ai Holdings, Inc. has a 52-week low of $1.17 and a 52-week high of $10.36. The company’s 50-day simple moving average is $5.03 and its 200-day simple moving average is $4.48. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The firm had revenue of $34.76 million for the quarter, compared to analyst estimates of $36.26 million. During the same quarter in the previous year, the business posted ($0.67) earnings per share. BigBear.ai’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Transactions at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 14,063 shares of BigBear.ai stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total transaction of $42,892.15. Following the sale, the chief accounting officer directly owned 270,061 shares in the company, valued at $823,686.05. This trade represents a 4.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Julie Peffer sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total value of $220,000.00. Following the sale, the chief financial officer directly owned 634,153 shares of the company’s stock, valued at $2,790,273.20. The trade was a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,987 shares of company stock valued at $614,608. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, HC Wainwright raised their target price on BigBear.ai from $6.00 to $9.00 and gave the stock a “buy” rating in a report on Tuesday, July 1st.

About BigBear.ai

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.