Wedbush Securities Inc. Makes New $1.67 Million Investment in BigBear.ai Holdings, Inc. $BBAI

Wedbush Securities Inc. purchased a new stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 245,800 shares of the company’s stock, valued at approximately $1,669,000.

Other large investors have also recently made changes to their positions in the company. Kovack Advisors Inc. increased its holdings in BigBear.ai by 654.2% in the 2nd quarter. Kovack Advisors Inc. now owns 161,890 shares of the company’s stock valued at $1,099,000 after purchasing an additional 140,425 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in BigBear.ai during the second quarter worth $170,000. Teacher Retirement System of Texas boosted its position in shares of BigBear.ai by 56.7% during the second quarter. Teacher Retirement System of Texas now owns 43,222 shares of the company’s stock worth $293,000 after buying an additional 15,641 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of BigBear.ai by 68.4% during the second quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company’s stock worth $42,000 after buying an additional 2,527 shares during the period. Finally, Wealthfront Advisers LLC acquired a new stake in shares of BigBear.ai in the second quarter valued at $108,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. HC Wainwright decreased their target price 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, BigBear.ai has a consensus rating of “Hold” and a consensus price target of $6.00.

Insider Activity at BigBear.ai

In other news, CFO Sean Raymond Ricker sold 11,978 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total transaction of $64,082.30. Following the completion of the transaction, the chief financial officer directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

BigBear.ai Stock Up 0.2%

BigBear.ai stock opened at $5.67 on Friday. The firm has a market capitalization of $2.48 billion, a P/E ratio of -3.94 and a beta of 3.42. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.42. BigBear.ai Holdings, Inc. has a twelve month low of $1.65 and a twelve month high of $10.36. The stock’s fifty day simple moving average is $6.55 and its 200-day simple moving average is $5.67.

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, beating analysts’ consensus estimates 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 firm had revenue of $32.47 million during the quarter, compared to analyst estimates of $41.18 million. During the same period last year, the business posted ($0.06) earnings per share. BigBear.ai’s 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, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

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.