Investors Buy High Volume of Call Options on BigBear.ai (NYSE:BBAI)

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) saw unusually large options trading activity on Monday. Stock traders acquired 112,103 call options on the stock. This is an increase of approximately 63% compared to the average volume of 68,821 call options.

Insiders Place Their Bets

In other BigBear.ai news, CAO Sean Raymond Ricker sold 10,000 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $3.33, for a total transaction of $33,300.00. Following the completion of the transaction, the chief accounting officer now directly owns 293,639 shares in the company, valued at approximately $977,817.87. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Julie Peffer sold 50,000 shares of the company's stock in a transaction 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 transaction, the chief financial officer now owns 634,153 shares of the company's stock, valued at $2,790,273.20. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 204,219 shares of company stock valued at $752,605. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Several large investors have recently added to or reduced their stakes in BBAI. Choreo LLC acquired a new position in shares of BigBear.ai during the fourth quarter valued at $67,000. Apollon Wealth Management LLC acquired a new position in shares of BigBear.ai during the fourth quarter valued at $65,000. Vontobel Holding Ltd. acquired a new position in shares of BigBear.ai during the fourth quarter valued at $238,000. Rhumbline Advisers increased its holdings in shares of BigBear.ai by 41.6% during the fourth quarter. Rhumbline Advisers now owns 111,825 shares of the company's stock valued at $498,000 after purchasing an additional 32,829 shares during the period. Finally, Retirement Income Solutions Inc acquired a new position in shares of BigBear.ai during the fourth quarter valued at $47,000. 7.55% of the stock is owned by institutional investors and hedge funds.

BigBear.ai Trading Up 10.6%

Shares of NYSE BBAI traded up $0.40 on Monday, reaching $4.12. 139,616,577 shares of the company traded hands, compared to its average volume of 37,539,094. BigBear.ai has a fifty-two week low of $1.17 and a fifty-two week high of $10.36. The company has a 50 day moving average of $3.40 and a 200 day moving average of $3.98. 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 stock has a market capitalization of $1.20 billion, a PE ratio of -4.52 and a beta of 3.29.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly 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 company had revenue of $34.76 million during the quarter, compared to analysts' expectations of $36.26 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.67) EPS. On average, equities research analysts forecast that BigBear.ai will post -0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Northland Securities cut shares of BigBear.ai from an "outperform" rating to a "market perform" rating and increased their price target for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. Cantor Fitzgerald reduced their target price on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Northland Capmk cut shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, HC Wainwright cut their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, March 7th.

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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