Traders Buy High Volume of BigBear.ai Call Options (NYSE:BBAI)

BigBear.ai Holdings, Inc. (NYSE:BBAI) saw some unusual options trading activity on Tuesday. Traders purchased 13,157 call options on the company. This represents an increase of 309% compared to the typical volume of 3,216 call options.

BigBear.ai Stock Up 16.8 %

Shares of NYSE:BBAI opened at $2.06 on Wednesday. The company has a market capitalization of $514.95 million, a PE ratio of -2.26 and a beta of 3.46. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The company’s fifty day moving average is $1.64 and its 200-day moving average is $1.52. BigBear.ai has a 52 week low of $1.17 and a 52 week high of $4.80.

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. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. During the same period last year, the company earned $0.03 EPS. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. Equities research analysts predict that BigBear.ai will post -0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the transaction, the director now owns 143,713,297 shares in the company, valued at $255,809,668.66. This represents a 0.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BBAI. SG Americas Securities LLC acquired a new stake in BigBear.ai in the 1st quarter valued at about $287,000. Vanguard Group Inc. grew its stake in BigBear.ai by 8.9% during the first quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company’s stock worth $4,228,000 after buying an additional 168,076 shares in the last quarter. American International Group Inc. increased its stake in BigBear.ai by 75.4% in the first quarter. American International Group Inc. now owns 25,539 shares of the company’s stock valued at $52,000 after acquiring an additional 10,982 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in BigBear.ai during the first quarter valued at approximately $31,000. Finally, Keynote Financial Services LLC bought a new stake in BigBear.ai during the first quarter worth $45,000. 7.55% of the stock is currently owned by institutional investors.

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.