BigBear.ai Holdings, Inc. $BBAI Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 48.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 125,136 shares of the company’s stock after purchasing an additional 40,893 shares during the period. Kingswood Wealth Advisors LLC’s holdings in BigBear.ai were worth $850,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS grew its position in BigBear.ai by 63.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 59,700 shares of the company’s stock worth $405,000 after purchasing an additional 23,200 shares in the last quarter. 111 Capital purchased a new position in BigBear.ai during the 2nd quarter worth approximately $339,000. McGuire Investment Group LLC grew its position in BigBear.ai by 89.0% during the 2nd quarter. McGuire Investment Group LLC now owns 86,658 shares of the company’s stock worth $588,000 after purchasing an additional 40,806 shares in the last quarter. Pure Financial Advisors LLC purchased a new position in BigBear.ai during the 2nd quarter worth approximately $69,000. Finally, Janney Montgomery Scott LLC grew its position in BigBear.ai by 11.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 23,320 shares of the company’s stock worth $158,000 after purchasing an additional 2,325 shares in the last quarter. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

BigBear.ai Trading Down 2.0%

BigBear.ai stock opened at $7.29 on Thursday. The company’s fifty day simple moving average is $6.10 and its 200-day simple moving average is $5.00. 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 12 month low of $1.48 and a 12 month high of $10.36. The stock has a market cap of $3.18 billion, a P/E ratio of -5.06 and a beta of 3.43.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $32.47 million during the quarter, compared to analyst estimates of $41.18 million. During the same quarter in the previous year, the business earned ($0.06) EPS. BigBear.ai’s quarterly revenue was down 18.3% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity

In related news, CFO Sean Raymond Ricker sold 11,978 shares of BigBear.ai stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

BBAI has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday. HC Wainwright lowered their price target on shares of BigBear.ai from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.