BigBear.ai Target of Unusually Large Options Trading (NYSE:BBAI)

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

BigBear.ai Stock Performance

Shares of BBAI opened at $4.53 on Friday. The company has a market cap of $1.14 billion, a PE ratio of -4.98 and a beta of 3.58. The firm has a 50-day moving average of $2.66 and a 200-day moving average of $1.90. BigBear.ai has a one year low of $1.16 and a one year high of $5.20. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 109.90% and a negative return on equity of 138.35%. BigBear.ai’s revenue was up 22.1% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. As a group, equities analysts forecast that BigBear.ai will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were 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 of the company’s stock, valued at approximately $255,809,668.66. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 782,892 shares of company stock worth $1,887,246. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. HC Wainwright upped their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report 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 note on Wednesday, November 6th.

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.