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

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

BigBear.ai Stock Up 10.3 %

Shares of NYSE BBAI opened at $3.11 on Friday. The firm has a fifty day simple moving average of $2.14 and a two-hundred day simple moving average of $1.69. The firm has a market capitalization of $779.32 million, a PE ratio of -3.42 and a beta of 3.58. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. BigBear.ai has a 12 month low of $1.16 and a 12 month high of $4.80.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BBAI shares. HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of BigBear.ai in a report 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 firm’s stock in a transaction dated 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 sale, the director now owns 143,713,297 shares of the company’s stock, valued at $255,809,668.66. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC increased its position in shares of BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after acquiring an additional 107,214 shares in the last quarter. Geode Capital Management LLC boosted its stake in BigBear.ai by 28.6% during 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 during the last quarter. XTX Topco Ltd increased 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 in the last quarter. State Street Corp raised its stake in shares of BigBear.ai by 16.8% in the third 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 during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of BigBear.ai during the third quarter valued at $61,000. 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.