BigBear.ai Sees Unusually Large Options Volume (NYSE:BBAI)

BigBear.ai Holdings, Inc. (NYSE:BBAI) saw unusually large options trading activity on Thursday. Stock traders bought 17,117 call options on the company. This is an increase of 45% compared to the average daily volume of 11,808 call options.

BigBear.ai Price Performance

BBAI opened at $2.82 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The company’s 50 day simple moving average is $2.14 and its 200-day simple moving average is $1.69. BigBear.ai has a one year low of $1.16 and a one year high of $4.80. The stock has a market capitalization of $706.65 million, a P/E ratio of -3.10 and a beta of 3.58.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the company earned $0.03 EPS. Sell-side analysts anticipate that BigBear.ai will post -0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

BBAI has been the subject of a number of recent analyst reports. HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

Insider Transactions at BigBear.ai

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the completion of the transaction, the director now directly owns 143,713,297 shares in the company, valued at $255,809,668.66. This represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by insiders.

Institutional Trading of BigBear.ai

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sovereign Financial Group Inc. acquired a new stake in BigBear.ai during the 3rd quarter worth $36,000. XTX Topco Ltd acquired a new stake in shares of BigBear.ai during the second quarter worth $58,000. Intech Investment Management LLC acquired a new stake in shares of BigBear.ai during the third quarter worth $61,000. The Manufacturers Life Insurance Company increased its holdings in BigBear.ai by 135.0% in the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after purchasing an additional 23,597 shares during the last quarter. Finally, Fortis Group Advisors LLC lifted its stake in BigBear.ai by 26.9% in the second quarter. Fortis Group Advisors LLC now owns 66,735 shares of the company’s stock valued at $101,000 after buying an additional 14,134 shares during the period. 7.55% of the stock is currently owned by institutional investors and hedge funds.

BigBear.ai Company 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.