Baird Financial Group Inc. Buys Shares of 100,000 BigBear.ai Holdings, Inc. $BBAI

Baird Financial Group Inc. bought a new stake in BigBear.ai Holdings, Inc. (NYSE:BBAI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $286,000.

A number of other institutional investors also recently made changes to their positions in the business. City State Bank bought a new position in BigBear.ai during the first quarter worth $29,000. Cornerstone Wealth Management LLC bought a new position in BigBear.ai during the first quarter worth $29,000. Blue Bell Private Wealth Management LLC lifted its stake in BigBear.ai by 2,216.0% during the first quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company’s stock worth $33,000 after purchasing an additional 11,080 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in BigBear.ai during the first quarter worth $34,000. Finally, SLT Holdings LLC bought a new position in BigBear.ai during the first quarter worth $37,000. 7.55% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 296,345 shares of the company’s stock, valued at $1,585,445.75. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by corporate insiders.

BigBear.ai Price Performance

Shares of NYSE BBAI opened at $4.88 on Friday. BigBear.ai Holdings, Inc. has a 1-year low of $1.36 and a 1-year high of $10.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.91 and a quick ratio of 1.91. The business’s fifty day moving average price is $6.31 and its two-hundred day moving average price is $4.64. The firm has a market capitalization of $1.81 billion, a PE ratio of -3.39 and a beta of 3.40.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.The firm had revenue of $32.47 million for the quarter, compared to analyst estimates of $41.18 million. During the same period last year, the company earned ($0.06) earnings per share. The firm’s revenue for the quarter was down 18.3% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. On average, research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reduced their price objective on BigBear.ai from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, BigBear.ai currently has a consensus rating of “Moderate Buy” and an average price target of $6.00.

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.