Baird Financial Group Inc. Takes $286,000 Position in BigBear.ai Holdings, Inc. $BBAI

Baird Financial Group Inc. purchased a new stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $286,000.

A number of other large investors also recently modified their holdings of the business. Kitching Partners LLC acquired a new position in shares of BigBear.ai during the first quarter valued at $58,000. Quantbot Technologies LP acquired a new position in shares of BigBear.ai during the first quarter valued at $605,000. Marathon Trading Investment Management LLC acquired a new position in shares of BigBear.ai during the first quarter valued at $286,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of BigBear.ai by 4,708.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 38,710 shares of the company’s stock valued at $111,000 after purchasing an additional 37,905 shares during the period. Finally, Bulltick Wealth Management LLC increased its holdings in shares of BigBear.ai by 39.4% during the first quarter. Bulltick Wealth Management LLC now owns 271,800 shares of the company’s stock valued at $777,000 after purchasing an additional 76,800 shares during the period. 7.55% of the stock is owned by institutional investors and hedge funds.

BigBear.ai Price Performance

NYSE:BBAI opened at $4.88 on Friday. The business’s 50-day moving average price is $6.31 and its 200 day moving average price is $4.64. The firm has a market cap of $1.81 billion, a P/E ratio of -3.39 and a beta of 3.40. BigBear.ai Holdings, Inc. has a 52-week low of $1.36 and a 52-week high of $10.36. 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 released its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $32.47 million for the quarter, compared to analyst estimates of $41.18 million. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.BigBear.ai’s revenue was down 18.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.06) earnings per share. BigBear.ai has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In related 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 completion of the transaction, the chief financial officer owned 296,345 shares in the company, 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 can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, HC Wainwright lowered their price target on BigBear.ai from $9.00 to $8.00 and set a “buy” rating on the stock in a 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. Based on data from MarketBeat.com, BigBear.ai currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.

BigBear.ai Company Profile

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.