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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) saw unusually large options trading activity on Tuesday. Stock traders bought 289,256 call options on the stock. This is an increase of 370% compared to the average daily volume of 61,581 call options.

Insider Buying and Selling

In other BigBear.ai news, CAO Sean Raymond Ricker sold 14,063 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $3.05, for a total transaction of $42,892.15. Following the sale, the chief accounting officer owned 270,061 shares in the company, valued at $823,686.05. This represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Julie Peffer sold 50,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total transaction of $220,000.00. Following the completion of the transaction, the chief financial officer directly owned 634,153 shares of the company's stock, valued at approximately $2,790,273.20. The trade was a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,987 shares of company stock valued at $614,608. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently modified their holdings of the stock. AE Industrial Partners LP purchased a new position in BigBear.ai in the 4th quarter worth approximately $284,721,000. Vanguard Group Inc. grew its holdings in shares of BigBear.ai by 9.2% in the first quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company's stock worth $18,091,000 after purchasing an additional 534,963 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of BigBear.ai by 569.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock worth $6,694,000 after buying an additional 1,990,822 shares during the period. Geode Capital Management LLC increased its stake in shares of BigBear.ai by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock worth $9,780,000 after buying an additional 38,858 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in BigBear.ai during the 1st quarter valued at $3,811,000. Institutional investors own 7.55% of the company's stock.

BigBear.ai Price Performance

NYSE:BBAI traded down $0.10 during mid-day trading on Tuesday, reaching $6.69. The stock had a trading volume of 253,929,958 shares, compared to its average volume of 47,180,642. The stock has a market capitalization of $1.95 billion, a P/E ratio of -8.58 and a beta of 3.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.66 and a current ratio of 1.66. BigBear.ai has a one year low of $1.17 and a one year high of $10.36. The firm has a 50 day moving average price of $3.86 and a two-hundred day moving average price of $4.13.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The business had revenue of $34.76 million during the quarter, compared to analysts' expectations of $36.26 million. During the same quarter in the previous year, the business earned ($0.67) EPS. BigBear.ai's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts expect that BigBear.ai will post -0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BBAI shares. Northland Capmk cut shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. HC Wainwright increased their price target on shares of BigBear.ai from $6.00 to $9.00 and gave the stock a "buy" rating in a report on Tuesday. Cantor Fitzgerald lowered their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Finally, Northland Securities lowered shares of BigBear.ai from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $2.50 to $4.00 in a research report on Friday, March 7th.

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.