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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) saw some unusual options trading on Wednesday. Traders purchased 82,637 call options on the stock. This is an increase of approximately 68% compared to the typical volume of 49,289 call options.

Insider Activity at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Amanda Long sold 200,000 shares of the company's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 2,583,254 shares of the company's stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 310,953 shares of company stock valued at $1,347,496. Company 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 the stock. State Street Corp increased 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 worth $2,723,000 after purchasing an additional 267,673 shares during the period. Geode Capital Management LLC boosted its position 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 buying an additional 479,401 shares during the period. Barclays PLC boosted its position in BigBear.ai by 310.3% during the 3rd quarter. Barclays PLC now owns 141,766 shares of the company's stock valued at $208,000 after buying an additional 107,214 shares during the period. Sargent Investment Group LLC bought a new stake in BigBear.ai in the 4th quarter worth $1,028,000. Finally, Grove Bank & Trust increased its position in shares of BigBear.ai by 9,172.7% in the fourth 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 during the period. Institutional investors own 7.55% of the company's stock.

BigBear.ai Trading Down 9.5 %

NYSE BBAI traded down $0.71 during trading on Friday, hitting $6.80. 41,217,354 shares of the company's stock traded hands, compared to its average volume of 89,480,936. The stock has a fifty day moving average of $5.00 and a two-hundred day moving average of $2.90. BigBear.ai has a 12-month low of $1.16 and a 12-month high of $10.36. The firm has a market cap of $1.71 billion, a P/E ratio of -7.47 and a beta of 3.17. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

Analyst Ratings Changes

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

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.