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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was the target of unusually large options trading on Thursday. Investors acquired 17,117 call options on the company. This represents an increase of 45% compared to the typical daily volume of 11,808 call options.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright reiterated a "buy" rating and issued a $3.00 price objective on shares of BigBear.ai in a report on Wednesday, November 6th.

Insiders Place Their Bets

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 of the company's stock, valued at $255,809,668.66. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently modified their holdings of BBAI. Fortis Group Advisors LLC lifted its position in BigBear.ai by 26.9% in the second quarter. Fortis Group Advisors LLC now owns 66,735 shares of the company's stock valued at $101,000 after purchasing an additional 14,134 shares during the last quarter. XTX Topco Ltd increased its stake in shares of BigBear.ai by 57.9% in the third quarter. XTX Topco Ltd now owns 61,011 shares of the company's stock worth $89,000 after buying an additional 22,363 shares during the period. The Manufacturers Life Insurance Company raised its holdings in BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company's stock valued at $62,000 after buying an additional 23,597 shares during the last quarter. Sovereign Financial Group Inc. purchased a new stake in BigBear.ai during the 3rd quarter valued at $36,000. Finally, Intech Investment Management LLC bought a new stake in BigBear.ai in the 3rd quarter worth $61,000. Institutional investors own 7.55% of the company's stock.

BigBear.ai Price Performance

Shares of BBAI stock traded down $0.31 during trading hours on Thursday, hitting $2.82. 79,891,070 shares of the company's stock were exchanged, compared to its average volume of 9,847,088. The company has a market capitalization of $706.65 million, a PE ratio of -3.10 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. The business's 50 day simple moving average is $2.14 and its 200-day simple moving average is $1.69.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its 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. The company had revenue of $41.51 million for the quarter, compared to analysts' expectations of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The firm's revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 EPS. On average, equities research analysts anticipate that BigBear.ai will post -0.28 earnings per share 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.