BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) saw unusually large options trading on Wednesday. Investors acquired 113,657 call options on the stock. This is an increase of approximately 48% compared to the average volume of 76,766 call options.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright lifted their price objective on BigBear.ai from $6.00 to $9.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st.
View Our Latest Report on BBAI
BigBear.ai Trading Up 14.4%
Shares of BBAI stock traded up $1.03 on Thursday, reaching $8.15. 171,924,797 shares of the stock were exchanged, compared to its average volume of 54,758,660. The stock has a market cap of $2.37 billion, a PE ratio of -10.46 and a beta of 3.46. BigBear.ai has a one year low of $1.17 and a one year high of $10.36. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a 50 day moving average price of $4.84 and a 200 day moving average price of $4.43.
BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). The firm had revenue of $34.76 million for the quarter, compared to the consensus estimate of $36.26 million. BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The company's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.67) EPS. Equities research analysts forecast that BigBear.ai will post -0.28 EPS for the current fiscal year.
Insider Transactions at BigBear.ai
In other news, CFO Julie Peffer sold 50,000 shares of BigBear.ai stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total transaction of $220,000.00. Following the sale, the chief financial officer owned 634,153 shares of the company's stock, valued at approximately $2,790,273.20. This trade represents a 7.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sean Raymond Ricker sold 14,063 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total value of $42,892.15. Following the completion of the sale, the chief accounting officer directly owned 270,061 shares in the company, valued at approximately $823,686.05. This represents a 4.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 165,987 shares of company stock valued at $614,608. 1.10% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On BigBear.ai
A number of institutional investors and hedge funds have recently made changes to their positions in BBAI. Flaharty Asset Management LLC bought a new stake in BigBear.ai in the first quarter valued at about $26,000. City State Bank acquired a new position in BigBear.ai in the first quarter valued at about $29,000. Cornerstone Wealth Management LLC acquired a new position in BigBear.ai in the first quarter valued at about $29,000. Blue Bell Private Wealth Management LLC grew its stake in BigBear.ai by 2,216.0% in the first quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company's stock valued at $33,000 after acquiring an additional 11,080 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in BigBear.ai in the first quarter valued at about $34,000. Institutional investors own 7.55% of the company's stock.
About BigBear.ai
(
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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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