BigBear.ai Holdings, Inc. $BBAI Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lessened its position in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 13.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,178,320 shares of the company’s stock after selling 1,305,704 shares during the period. Van ECK Associates Corp’s holdings in BigBear.ai were worth $30,014,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. increased its stake in shares of BigBear.ai by 26.4% in the first quarter. Invesco Ltd. now owns 26,728 shares of the company’s stock valued at $76,000 after purchasing an additional 5,579 shares during the period. AQR Capital Management LLC bought a new position in BigBear.ai in the 1st quarter worth approximately $88,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in BigBear.ai by 54.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company’s stock valued at $1,306,000 after acquiring an additional 160,096 shares during the period. NewEdge Advisors LLC raised its stake in BigBear.ai by 441.1% during the 1st quarter. NewEdge Advisors LLC now owns 74,318 shares of the company’s stock valued at $213,000 after acquiring an additional 60,583 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of BigBear.ai by 569.0% in the first 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 in the last quarter. 7.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BBAI shares. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research note on Friday, July 17th. Wall Street Zen downgraded shares of BigBear.ai from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, Cantor Fitzgerald reduced their price target on shares of BigBear.ai from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.00.

BigBear.ai Trading Up 0.7%

Shares of BigBear.ai stock opened at $3.07 on Monday. The business has a fifty day simple moving average of $3.19 and a 200-day simple moving average of $3.70. BigBear.ai Holdings, Inc. has a fifty-two week low of $2.59 and a fifty-two week high of $9.39. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -14.62 and a beta of 3.35. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.01.

BigBear.ai (NYSE:BBAI) last released its earnings results on Thursday, July 30th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). BigBear.ai had a negative return on equity of 13.44% and a negative net margin of 65.20%.The firm had revenue of $36.75 million for the quarter, compared to analyst estimates of $36.37 million. During the same period in the previous year, the company earned ($0.71) earnings per share. BigBear.ai’s revenue was up 12.9% compared to the same quarter last year. On average, equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.22 EPS for the current fiscal year.

BigBear.ai Company Profile

BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.

The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.