BigBear.ai Holdings, Inc. $BBAI Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 24.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,000 shares of the company’s stock after selling 10,500 shares during the quarter. Vontobel Holding Ltd.’s holdings in BigBear.ai were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BBAI. Vanguard Group Inc. raised its position in shares of BigBear.ai by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company’s stock worth $18,091,000 after buying an additional 534,963 shares during the period. Goldman Sachs Group Inc. increased its stake in BigBear.ai by 569.0% during the first 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 last quarter. Cubist Systematic Strategies LLC acquired a new stake in BigBear.ai during the first quarter worth about $3,811,000. Headlands Technologies LLC acquired a new stake in BigBear.ai during the first quarter worth about $1,806,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of BigBear.ai by 54.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company’s stock worth $1,306,000 after purchasing an additional 160,096 shares during the period. Institutional investors and hedge funds own 7.55% of the company’s stock.

BigBear.ai Trading Down 4.7%

NYSE:BBAI opened at $8.50 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.91 and a current ratio of 1.91. BigBear.ai Holdings, Inc. has a one year low of $1.51 and a one year high of $10.36. The business’s 50-day simple moving average is $6.25 and its 200 day simple moving average is $5.17. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of -5.90 and a beta of 3.43.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business earned ($0.06) EPS. BigBear.ai’s revenue for the quarter 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 predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BBAI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, October 8th. HC Wainwright decreased 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 note on Tuesday, August 12th. Two 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Insider Activity

In other news, CFO Sean Raymond Ricker sold 11,978 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were 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. This represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

BigBear.ai 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.