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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Traders bought 38,267 call options on the company. This represents an increase of 44% compared to the typical daily volume of 26,492 call options.

Insider Buying and Selling at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares in the company, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amanda Long sold 66,140 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock worth $1,347,496 in the last ninety days. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On BigBear.ai

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp boosted its position in shares of 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 purchasing an additional 267,673 shares during the period. Geode Capital Management LLC boosted its holdings in shares of BigBear.ai by 28.6% in the third 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. Barclays PLC increased its position in shares of BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after acquiring an additional 107,214 shares in the last quarter. Grove Bank & Trust lifted its position in shares of BigBear.ai by 9,172.7% in the 4th quarter. Grove Bank & Trust now owns 102,000 shares of the company's stock valued at $454,000 after acquiring an additional 100,900 shares in the last quarter. Finally, Sargent Investment Group LLC purchased a new position in BigBear.ai during the 4th quarter worth approximately $1,028,000. 7.55% of the stock is owned by institutional investors and hedge funds.

BigBear.ai Price Performance

BBAI traded up $1.82 during trading on Friday, reaching $8.59. The stock had a trading volume of 228,083,659 shares, compared to its average volume of 57,788,227. BigBear.ai has a 1-year low of $1.16 and a 1-year high of $9.31. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of -9.44 and a beta of 3.17. The stock has a 50 day moving average of $3.75 and a two-hundred day moving average of $2.35. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BBAI. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright boosted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a report on Monday, December 30th.

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.