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

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the recipient of unusually large options trading activity on Friday. Stock traders bought 40,840 call options on the company. This is an increase of approximately 136% compared to the typical volume of 17,335 call options.

Insiders Place Their Bets

In other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. This represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amanda Long sold 200,000 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 782,892 shares of company stock valued at $1,887,246 over the last 90 days. 1.40% of the stock is owned by company insiders.

Institutional Trading of BigBear.ai

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC grew its stake in shares of BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after purchasing an additional 107,214 shares during the period. Geode Capital Management LLC boosted its stake in shares of BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after purchasing an additional 479,401 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of BigBear.ai by 57.9% in the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after purchasing an additional 22,363 shares during the last quarter. State Street Corp increased its position in shares of BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after purchasing an additional 267,673 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in BigBear.ai during the 3rd quarter valued at about $61,000. 7.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BBAI shares. HC Wainwright raised their target price on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Trading Up 10.2 %

NYSE:BBAI opened at $4.53 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The company’s 50 day moving average is $2.66 and its 200-day moving average is $1.90. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -4.98 and a beta of 3.58. BigBear.ai has a 12 month low of $1.16 and a 12 month high of $5.20.

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