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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 96,454 call options on the company. This represents an increase of 61% compared to the average daily volume of 60,056 call options.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BBAI. Northland Securities downgraded BigBear.ai from an "outperform" rating to a "market perform" rating and boosted their price objective for the company from $2.50 to $4.00 in a research note on Friday, March 7th. HC Wainwright dropped their price target on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Northland Capmk downgraded BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Cantor Fitzgerald decreased their price target on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a research note on Friday, March 7th.

Insider Activity at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 10,000 shares of BigBear.ai stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $3.33, for a total transaction of $33,300.00. Following the sale, the chief accounting officer now owns 293,639 shares of the company's stock, valued at approximately $977,817.87. The trade was a 3.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Julie Peffer sold 20,000 shares of BigBear.ai stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $3.25, for a total value of $65,000.00. Following the completion of the sale, the chief financial officer now directly owns 730,077 shares of the company's stock, valued at approximately $2,372,750.25. The trade was a 2.67% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,295 shares of company stock worth $279,189. Corporate insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently bought and sold shares of the business. City State Bank acquired a new position in BigBear.ai during the first quarter worth about $29,000. Cornerstone Wealth Management LLC purchased a new position in shares of BigBear.ai during the 1st quarter worth $29,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of BigBear.ai by 2,216.0% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company's stock worth $33,000 after acquiring an additional 11,080 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of BigBear.ai in the first quarter valued at $34,000. Finally, SLT Holdings LLC acquired a new stake in BigBear.ai during the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 7.55% of the company's stock.

BigBear.ai Stock Up 12.9%

BBAI traded up $0.42 during trading hours on Tuesday, hitting $3.67. 77,019,758 shares of the company's stock were exchanged, compared to its average volume of 28,389,306. BigBear.ai has a 12-month low of $1.17 and a 12-month high of $10.36. The firm has a market cap of $1.07 billion, a P/E ratio of -4.03 and a beta of 3.32. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a 50 day moving average of $3.08 and a 200 day moving average of $3.65.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The company had revenue of $34.76 million during the quarter, compared to analyst estimates of $36.26 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.67) EPS. Analysts predict that BigBear.ai will post -0.28 EPS for the current fiscal year.

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.

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