Sovereign Financial Group Inc. Has $381,000 Stock Position in BigBear.ai Holdings, Inc. $BBAI

Sovereign Financial Group Inc. lifted its holdings in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 19.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 56,042 shares of the company’s stock after buying an additional 9,177 shares during the period. Sovereign Financial Group Inc.’s holdings in BigBear.ai were worth $381,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BBAI. Goldman Sachs Group Inc. increased its stake in shares of BigBear.ai by 569.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock worth $6,694,000 after purchasing an additional 1,990,822 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of BigBear.ai during the 1st quarter worth $3,811,000. Headlands Technologies LLC acquired a new position in shares of BigBear.ai during the 1st quarter worth $1,806,000. Vanguard Group Inc. increased its stake in shares of BigBear.ai by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company’s stock worth $18,091,000 after purchasing an additional 534,963 shares during the last quarter. Finally, Swiss National Bank acquired a new position in shares of BigBear.ai during the 1st quarter worth $1,045,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

BigBear.ai Stock Performance

Shares of BBAI opened at $7.24 on Monday. The company has a market capitalization of $3.15 billion, a PE ratio of -5.02 and a beta of 3.43. BigBear.ai Holdings, Inc. has a one year low of $1.50 and a one year high of $10.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.91 and a quick ratio of 1.91. The company’s fifty day moving average price is $6.14 and its 200 day moving average price is $5.08.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Monday, August 11th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $32.47 million for the quarter, compared to the consensus estimate of $41.18 million. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. The business’s quarterly revenue was down 18.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) EPS. BigBear.ai has set its FY 2025 guidance at EPS. As a group, analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Analysts Set New Price Targets

BBAI has been the topic of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. HC Wainwright dropped their target price 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 equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of the firm’s 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 sale, the chief financial officer directly 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 is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

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.