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

Key Points

• Investors recently purchased 205,439 call options for BigBear.ai, marking an 82% increase compared to typical daily volumes.
• HC Wainwright reduced the price target for BigBear.ai shares from $9.00 to $8.00 while maintaining a "buy" rating.
• Several institutional investors significantly increased their holdings, with JPMorgan Chase & Co. raising their position by 3,252.7% in the second quarter.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Investors purchased 205,439 call options on the stock. This represents an increase of 82% compared to the typical daily volume of 112,780 call options.

Wall Street Analyst Weigh In

Separately, HC Wainwright cut their price target on shares of BigBear.ai from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, BigBear.ai has a consensus rating of "Moderate Buy" and a consensus price target of $6.00.

Insider Buying and Selling

In related news, CFO Sean Raymond Ricker sold 11,978 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total transaction of $64,082.30. Following the transaction, the chief financial officer directly owned 296,345 shares in the company, valued at approximately $1,585,445.75. This represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BBAI. Jump Financial LLC bought a new position in BigBear.ai in the second quarter worth approximately $37,407,000. Geode Capital Management LLC lifted its position in shares of BigBear.ai by 125.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company's stock worth $34,456,000 after purchasing an additional 2,820,698 shares during the period. JPMorgan Chase & Co. lifted its position in shares of BigBear.ai by 3,252.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company's stock worth $16,285,000 after purchasing an additional 2,326,883 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of BigBear.ai by 569.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock worth $6,694,000 after purchasing an additional 1,990,822 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of BigBear.ai by 347.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,041,444 shares of the company's stock worth $13,861,000 after purchasing an additional 1,584,783 shares during the period. Institutional investors own 7.55% of the company's stock.

BigBear.ai Stock Performance

Shares of NYSE:BBAI opened at $5.97 on Wednesday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -4.15 and a beta of 3.40. The firm's 50-day moving average is $6.18 and its 200 day moving average is $4.63. BigBear.ai has a 12 month low of $1.36 and a 12 month high of $10.36.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. The business had revenue of $32.47 million for the quarter, compared to analyst estimates of $41.18 million. During the same period last year, the company posted ($0.06) earnings per share. The company's quarterly revenue was down 18.3% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. Research analysts predict that BigBear.ai will post -0.28 EPS for the current year.

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.

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