Dynamic Advisor Solutions LLC purchased a new position in BigBear.ai Holdings, Inc. (NYSE:BBAI – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 29,908 shares of the company’s stock, valued at approximately $86,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BBAI. City State Bank purchased a new stake in BigBear.ai in the first quarter worth $29,000. Opal Wealth Advisors LLC purchased a new stake in BigBear.ai in the first quarter worth $34,000. Cape Investment Advisory Inc. purchased a new stake in BigBear.ai in the fourth quarter worth $40,000. Captrust Financial Advisors purchased a new stake in BigBear.ai in the fourth quarter worth $45,000. Finally, Jones Financial Companies Lllp lifted its stake in BigBear.ai by 4,202.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company’s stock worth $57,000 after acquiring an additional 12,607 shares during the period. Hedge funds and other institutional investors own 7.55% of the company’s stock.
Insider Activity
In other news, CFO Julie Peffer sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $3.25, for a total transaction of $65,000.00. Following the completion of the transaction, the chief financial officer now directly owns 730,077 shares in the company, valued at $2,372,750.25. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sean Raymond Ricker sold 36,166 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the transaction, the chief accounting officer now owns 223,070 shares of the company’s stock, valued at $814,205.50. The trade was a 13.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 204,219 shares of company stock worth $752,605 over the last three months. 1.10% of the stock is currently owned by corporate insiders.
BigBear.ai Stock Performance
BigBear.ai (NYSE:BBAI – Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). BigBear.ai had a negative net margin of 121.31% and a negative return on equity of 57.83%. The firm had revenue of $34.76 million for the quarter, compared to analysts’ expectations of $36.26 million. During the same period in the prior year, the business posted ($0.67) EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
BBAI has been the subject of a number of research analyst reports. Northland Securities lowered BigBear.ai from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. Northland Capmk lowered BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th. HC Wainwright lowered their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, Cantor Fitzgerald lowered their price objective on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research report on Friday, March 7th.
Check Out Our Latest Report on BigBear.ai
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.
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