BigBear.ai Holdings, Inc. $BBAI Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 18.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 132,012 shares of the company’s stock after acquiring an additional 20,187 shares during the quarter. Rhumbline Advisers’ holdings in BigBear.ai were worth $378,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Flaharty Asset Management LLC acquired a new position in BigBear.ai in the first quarter valued at approximately $26,000. Cornerstone Wealth Management LLC acquired a new position in shares of BigBear.ai during the 1st quarter worth approximately $29,000. City State Bank acquired a new position in shares of BigBear.ai during the 1st quarter worth approximately $29,000. Blue Bell Private Wealth Management LLC lifted its position in shares of BigBear.ai by 2,216.0% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company’s stock valued at $33,000 after buying an additional 11,080 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of BigBear.ai during the 1st quarter valued at approximately $34,000. 7.55% of the stock is owned by institutional investors and hedge funds.

BigBear.ai Stock Down 4.9%

Shares of BBAI opened at $7.60 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.91 and a current ratio of 1.91. BigBear.ai Holdings, Inc. has a one year low of $1.36 and a one year high of $10.36. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of -5.27 and a beta of 3.40. The stock has a 50 day moving average price of $6.17 and a 200 day moving average price of $4.74.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.06) EPS 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 during the quarter, compared to analysts’ expectations of $41.18 million. During the same period in the previous year, the business 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. Equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity at BigBear.ai

In other BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total value of $64,082.30. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

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