BigBear.ai Holdings, Inc. $BBAI Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its holdings in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 12.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,058 shares of the company’s stock after selling 3,967 shares during the period. Voya Investment Management LLC’s holdings in BigBear.ai were worth $80,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in BigBear.ai by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company’s stock worth $18,091,000 after purchasing an additional 534,963 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of BigBear.ai by 569.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock worth $6,694,000 after acquiring an additional 1,990,822 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of BigBear.ai in the first quarter valued at about $3,811,000. Headlands Technologies LLC acquired a new position in shares of BigBear.ai during the first quarter worth about $1,806,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of BigBear.ai by 54.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company’s stock worth $1,306,000 after acquiring an additional 160,096 shares during the period. Institutional investors and hedge funds own 7.55% of the company’s stock.

Insider Buying and Selling

In other BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of BigBear.ai 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 completion of the sale, the chief financial officer directly owned 296,345 shares of the company’s stock, valued at approximately $1,585,445.75. The trade was a 3.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

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

BigBear.ai Stock Up 7.4%

Shares of NYSE BBAI opened at $7.01 on Thursday. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of -4.86 and a beta of 3.43. BigBear.ai Holdings, Inc. has a 52 week low of $1.37 and a 52 week high of $10.36. The firm has a 50-day moving average price of $6.07 and a 200 day moving average price of $4.86. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.42.

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

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.