Freedom Investment Management Inc. Sells 27,314 Shares of BigBear.ai Holdings, Inc. $BBAI

Freedom Investment Management Inc. reduced its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 18.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 119,177 shares of the company’s stock after selling 27,314 shares during the quarter. Freedom Investment Management Inc.’s holdings in BigBear.ai were worth $809,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BBAI. Goldman Sachs Group Inc. lifted its position in BigBear.ai by 569.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock valued at $6,694,000 after acquiring an additional 1,990,822 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in BigBear.ai in the 1st quarter valued at $3,811,000. Headlands Technologies LLC bought a new stake in BigBear.ai in the 1st quarter valued at $1,806,000. Vanguard Group Inc. lifted its position in BigBear.ai by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company’s stock valued at $18,091,000 after acquiring an additional 534,963 shares in the last quarter. Finally, Swiss National Bank bought a new stake in BigBear.ai in the 1st quarter valued at $1,045,000. 7.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BBAI shares. 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 research note on Tuesday, August 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Friday. Two investment 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, the company currently has a consensus rating of “Hold” and an average price target of $6.00.

Insider Buying and Selling 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 shares were sold at an average price of $5.35, for a total transaction of $64,082.30. Following the transaction, the chief financial officer directly owned 296,345 shares in the company, valued at $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 available at this link. 1.10% of the stock is owned by corporate insiders.

BigBear.ai Stock Up 3.8%

Shares of BBAI stock opened at $7.04 on Friday. The firm has a market capitalization of $3.07 billion, a P/E ratio of -4.89 and a beta of 3.43. The firm’s fifty day moving average price is $6.35 and its two-hundred day moving average price is $5.38. BigBear.ai Holdings, Inc. has a 1 year low of $1.51 and a 1 year high of $10.36. 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 (NYSE:BBAI) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $32.47 million for the quarter, compared to analyst estimates of $41.18 million. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. BigBear.ai’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.06) EPS. BigBear.ai has set its FY 2025 guidance at EPS. On average, equities analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

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.