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In recent transactions, AE Industrial Partners, LP and its affiliates have sold a significant amount of shares in BigBear.ai Holdings, Inc. (NYSE:BBAI), a company currently valued at $789 million. On March 7, 2025, and March 10, 2025, the firms sold a total of 5,798,134 shares of common stock. The sales were executed at an average price range of $3.35 to $3.36 per share, amounting to a total value of approximately $19.5 million. According to InvestingPro data, BBAI’s stock has experienced significant volatility, with a 30% decline in the past week despite a 124% gain over the last six months.
Following these transactions, AE Industrial Partners and its related entities hold 40,479,406 shares of BigBear.ai. The shares were sold in multiple transactions, with prices varying within the specified range. The managing members, Michael R. Greene and David H. Rowe, along with AeroEquity GP, LLC, which acts as the general partner of AE Industrial Partners Fund II GP, LP, maintain control over voting and dispositive power for the shares held by BBAI Ultimate Holdings, LLC and Pangiam Ultimate Holdings, LLC. InvestingPro analysis reveals the company’s weak financial health score of 1.31, with current liabilities exceeding liquid assets. Get access to 8 more exclusive ProTips and comprehensive financial metrics with InvestingPro.
Notably, AE Industrial Partners, LP may be considered a director of BigBear.ai by deputization, as indicated by the presence of its partners, Kirk Michael Konert and Jeffrey Hart, in key roles. The company reported revenue of $158.24 million in the last twelve months, with a gross profit margin of 28.6%.
In other recent news, BigBear.ai has been awarded a $13.2 million contract by the U.S. Department of Defense to maintain and enhance its ORION Decision Support Platform. This development highlights the company’s ongoing role in supporting data-driven decision-making within the defense sector. However, BigBear.ai’s financial performance has faced challenges, as it reported fourth-quarter revenue of $43.8 million, which fell short of both its own forecasts and the FactSet consensus estimates. Analysts from Cantor Fitzgerald and H.C. Wainwright have adjusted their price targets for BigBear.ai to $6.00, citing missed revenue targets and weaker-than-expected guidance for 2025.
Despite these financial hurdles, BigBear.ai has shown some positive outcomes, including a significant backlog valued at $480 million and improved gross margins. The company has also projected a modest revenue increase for 2025, with guidance ranging from $160 million to $180 million, although this falls short of analyst expectations. H.C. Wainwright remains optimistic about the company’s long-term prospects, maintaining a Buy rating, as they anticipate increased investments in the markets BigBear.ai serves. Additionally, the company has made strides in strengthening its financial position, reducing its debt significantly through warrant exercises and debt conversions. BigBear.ai continues to navigate its strategic priorities amid potential challenges, such as shifts in national security priorities.
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