Stock Traders Purchase High Volume of Call Options on BigBear.ai (NYSE:BBAI)

BigBear.ai Holdings, Inc. (NYSE:BBAI) saw some unusual options trading on Tuesday. Traders bought 38,267 call options on the company. This represents an increase of approximately 44% compared to the average volume of 26,492 call options.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright boosted their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th.

BigBear.ai Stock Up 16.0 %

Shares of NYSE:BBAI opened at $4.91 on Wednesday. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. BigBear.ai has a fifty-two week low of $1.16 and a fifty-two week high of $5.20. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -5.39 and a beta of 3.17. The firm’s 50 day moving average price is $3.56 and its 200 day moving average price is $2.28.

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

Insider Buying and Selling at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the sale, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the transaction, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock worth $1,347,496 over the last quarter. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of BigBear.ai

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sovereign Financial Group Inc. purchased a new stake in shares of BigBear.ai during the 3rd quarter worth approximately $36,000. Simon Quick Advisors LLC purchased a new stake in BigBear.ai in the fourth quarter valued at $44,000. Retirement Income Solutions Inc acquired a new position in BigBear.ai in the fourth quarter valued at $47,000. Bay Rivers Group purchased a new position in shares of BigBear.ai during the fourth quarter worth about $48,000. Finally, Intech Investment Management LLC acquired a new stake in shares of BigBear.ai during the third quarter worth about $61,000. 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.