1,279,205 Shares in BigBear.ai Holdings, Inc. $BBAI Purchased by Elevatus Welath Management

Elevatus Welath Management bought a new stake in BigBear.ai Holdings, Inc. (NYSE:BBAI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,279,205 shares of the company’s stock, valued at approximately $8,686,000. BigBear.ai accounts for about 2.9% of Elevatus Welath Management’s holdings, making the stock its 11th biggest holding. Elevatus Welath Management owned about 0.44% of BigBear.ai at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BBAI. Brevan Howard Capital Management LP acquired a new stake in shares of BigBear.ai during the 2nd quarter worth approximately $821,000. California State Teachers Retirement System lifted its stake in BigBear.ai by 60.5% during the second quarter. California State Teachers Retirement System now owns 273,527 shares of the company’s stock worth $1,857,000 after purchasing an additional 103,135 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of BigBear.ai by 73.1% in the 2nd quarter. Raymond James Financial Inc. now owns 280,063 shares of the company’s stock valued at $1,902,000 after purchasing an additional 118,279 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of BigBear.ai by 347.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,041,444 shares of the company’s stock valued at $13,861,000 after purchasing an additional 1,584,783 shares during the last quarter. Finally, Diversify Wealth Management LLC acquired a new position in shares of BigBear.ai during the 2nd quarter worth $136,000. Institutional investors own 7.55% of the company’s stock.

Insider Buying and Selling

In related news, Director Dorothy D. Hayes sold 22,000 shares of BigBear.ai stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total transaction of $133,760.00. Following the transaction, the director owned 236,150 shares of the company’s stock, valued at $1,435,792. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sean Raymond Ricker sold 5,000 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $7.06, for a total transaction of $35,300.00. Following the completion of the sale, the chief financial officer owned 488,716 shares of the company’s stock, valued at approximately $3,450,334.96. The trade was a 1.01% decrease in their position. The SEC filing for this sale provides additional information. 0.54% of the stock is owned by company insiders.

BigBear.ai Stock Down 5.5%

Shares of NYSE BBAI opened at $6.37 on Friday. The company has a 50 day simple moving average of $6.65 and a 200 day simple moving average of $6.14. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.13 and a quick ratio of 3.13. BigBear.ai Holdings, Inc. has a 1 year low of $2.36 and a 1 year high of $10.36. The firm has a market cap of $2.78 billion, a PE ratio of -4.49 and a beta of 3.44.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. The business had revenue of $33.14 million during the quarter, compared to analyst estimates of $31.82 million. During the same quarter last year, the company posted ($0.05) earnings per share. The company’s revenue was down 20.1% compared to the same quarter last year. On average, research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Wall Street Analyst Weigh In

BBAI has been the topic of several research analyst reports. Wall Street Zen raised BigBear.ai from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. HC Wainwright reaffirmed a “buy” rating and set a $8.00 price target on shares of BigBear.ai in a report on Tuesday, November 11th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $7.00 price objective on shares of BigBear.ai in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, BigBear.ai currently has a consensus rating of “Hold” and an average price target of $6.33.

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.