Atria Wealth Solutions Inc. Purchases Shares of 14,800 BigBear.ai Holdings, Inc. $BBAI

Atria Wealth Solutions Inc. bought a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,800 shares of the company’s stock, valued at approximately $42,000.

Several other hedge funds have also modified their holdings of the company. AE Industrial Partners LP purchased a new stake in shares of BigBear.ai during the 4th quarter worth about $284,721,000. Geode Capital Management LLC boosted its stake in shares of BigBear.ai by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company’s stock worth $9,780,000 after acquiring an additional 38,858 shares in the last quarter. TFG Asset Management GP Ltd purchased a new stake in shares of BigBear.ai during the 4th quarter worth about $4,005,000. Northern Trust Corp boosted its stake in shares of BigBear.ai by 10.5% during the 4th quarter. Northern Trust Corp now owns 839,503 shares of the company’s stock worth $3,736,000 after acquiring an additional 79,593 shares in the last quarter. Finally, Soviero Asset Management LP purchased a new stake in shares of BigBear.ai during the 4th quarter worth about $3,248,000. 7.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright lowered their target price 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.

BigBear.ai Trading Up 5.3%

Shares of BigBear.ai stock opened at $6.15 on Monday. The firm has a market capitalization of $1.79 billion, a PE ratio of -4.27 and a beta of 3.44. BigBear.ai Holdings, Inc. has a twelve month low of $1.24 and a twelve month high of $10.36. The firm’s 50-day moving average price is $6.23 and its 200 day moving average price is $4.90. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.42.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $32.47 million for the quarter, compared to analyst estimates of $41.18 million. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. BigBear.ai’s quarterly revenue was down 18.3% compared to the same quarter last year. During the same period last year, the company posted ($0.06) EPS. On average, sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Julie Peffer sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total value of $220,000.00. Following the transaction, the chief financial officer directly owned 634,153 shares of the company’s stock, valued at approximately $2,790,273.20. This trade represents a 7.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.