KLP Kapitalforvaltning AS Buys 23,200 Shares of BigBear.ai Holdings, Inc. $BBAI

KLP Kapitalforvaltning AS boosted its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 63.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,700 shares of the company’s stock after purchasing an additional 23,200 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in BigBear.ai were worth $405,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Flaharty Asset Management LLC bought a new stake in shares of BigBear.ai in the first quarter worth about $26,000. Cornerstone Wealth Management LLC acquired a new position in BigBear.ai during the first quarter valued at approximately $29,000. Enterprise Bank & Trust Co acquired a new stake in shares of BigBear.ai in the second quarter valued at approximately $68,000. Lloyd Advisory Services LLC. acquired a new stake in shares of BigBear.ai in the second quarter valued at approximately $68,000. Finally, Pure Financial Advisors LLC bought a new position in shares of BigBear.ai during the second quarter worth approximately $69,000. 7.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. HC Wainwright decreased their price target 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 equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.00.

BigBear.ai Trading Down 3.8%

NYSE BBAI opened at $7.41 on Friday. 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 Holdings, Inc. has a twelve month low of $1.51 and a twelve month high of $10.36. The company has a market cap of $3.23 billion, a price-to-earnings ratio of -5.14 and a beta of 3.43. The business’s fifty day moving average is $6.27 and its 200 day moving average is $5.25.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, beating 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 company had revenue of $32.47 million for the quarter, compared to the consensus estimate of $41.18 million. During the same quarter last year, the business posted ($0.06) EPS. BigBear.ai’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. As a group, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS 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 company’s stock in a transaction dated 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 owned 296,345 shares in the company, valued at approximately $1,585,445.75. The trade was a 3.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

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.