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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) saw unusually large options trading on Wednesday. Investors purchased 192,922 call options on the company. This is an increase of 206% compared to the average volume of 63,140 call options.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the transaction, the chief accounting officer now directly owns 223,070 shares in the company, valued at approximately $814,205.50. The trade was a 13.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Julie Peffer sold 45,924 shares of BigBear.ai stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $3.48, for a total value of $159,815.52. Following the transaction, the chief financial officer now owns 684,153 shares in the company, valued at $2,380,852.44. This represents a 6.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,219 shares of company stock valued at $752,605 over the last three months. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

A number of institutional investors have recently modified their holdings of the company. Cape Investment Advisory Inc. acquired a new position in BigBear.ai in the 4th quarter valued at $40,000. Flaharty Asset Management LLC acquired a new stake in shares of BigBear.ai in the first quarter valued at about $26,000. City State Bank acquired a new stake in shares of BigBear.ai in the first quarter valued at about $29,000. Cornerstone Wealth Management LLC bought a new position in shares of BigBear.ai in the first quarter worth about $29,000. Finally, Captrust Financial Advisors acquired a new position in shares of BigBear.ai during the 4th quarter worth about $45,000. Institutional investors own 7.55% of the company's stock.

BigBear.ai Stock Up 7.1%

BigBear.ai stock traded up $0.28 during mid-day trading on Friday, hitting $4.15. 131,066,420 shares of the company's stock were exchanged, compared to its average volume of 32,882,938. BigBear.ai has a 1-year low of $1.17 and a 1-year high of $10.36. The stock has a 50 day moving average of $3.20 and a two-hundred day moving average of $3.81. 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 cap of $1.21 billion, a P/E ratio of -4.58 and a beta of 3.32.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data 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 net margin of 109.90% and a negative return on equity of 138.35%. The company had revenue of $34.76 million for the quarter, compared to analyst estimates of $36.26 million. During the same period in the prior year, the company posted ($0.67) EPS. The business's revenue was up 4.9% on a year-over-year basis. As a group, analysts anticipate that BigBear.ai will post -0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BBAI. Northland Capmk cut shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th. Northland Securities downgraded BigBear.ai from an "outperform" rating to a "market perform" rating and raised their price target for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. Cantor Fitzgerald lowered their price target on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Finally, HC Wainwright dropped their price objective on BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a 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.