BigBear.ai Sees Unusually High Options Volume (NYSE:BBAI)

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was the target of some unusual options trading activity on Wednesday. Traders acquired 113,657 call options on the stock. This represents an increase of approximately 48% compared to the average volume of 76,766 call options.

Analyst Ratings Changes

Separately, HC Wainwright upped their target price on shares of BigBear.ai from $6.00 to $9.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st.

BigBear.ai Stock Down 3.4%

Shares of BBAI traded down $0.28 during mid-day trading on Friday, hitting $7.94. 125,199,110 shares of the company's stock were exchanged, compared to its average volume of 55,568,443. BigBear.ai has a twelve month low of $1.17 and a twelve month high of $10.36. The firm has a fifty day moving average of $5.03 and a two-hundred day moving average of $4.48. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of -10.18 and a beta of 3.46.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly 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 return on equity of 57.83% and a negative net margin of 121.31%. The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.67) earnings per share. On average, sell-side analysts forecast that BigBear.ai will post -0.28 earnings per share for the current year.

Insider Activity at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 14,063 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total value of $42,892.15. Following the sale, the chief accounting officer owned 270,061 shares in the company, valued at approximately $823,686.05. This represents a 4.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dorothy D. Hayes sold 26,000 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $3.60, for a total transaction of $93,600.00. Following the completion of the sale, the director owned 255,239 shares in the company, valued at approximately $918,860.40. This trade represents a 9.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,987 shares of company stock worth $614,608. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. grew its position in shares of BigBear.ai by 8.3% during the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company's stock worth $94,000 after buying an additional 1,629 shares during the period. Janney Montgomery Scott LLC grew its position in shares of BigBear.ai by 11.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 23,320 shares of the company's stock worth $158,000 after buying an additional 2,325 shares during the period. Victory Capital Management Inc. grew its position in shares of BigBear.ai by 19.0% during the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock worth $65,000 after buying an additional 2,332 shares during the period. Deutsche Bank AG grew its position in shares of BigBear.ai by 4.6% during the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock worth $245,000 after buying an additional 2,427 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of BigBear.ai by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock worth $349,000 after buying an additional 3,797 shares during the period. Institutional investors and hedge funds own 7.55% of the company's stock.

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.