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

Key Points

• Traders showed significant interest in BigBear.ai (NYSE:BBAI) by purchasing 287,476 call options, marking an increase of 112% compared to its average daily volume.
• CFO Sean Raymond Ricker sold 11,978 shares of BigBear.ai at an average price of $5.35, decreasing his position by 3.88% and leaving him with approximately $1.58 million in shares.
• Wall Street analysts maintain a consensus rating of "Hold" for BigBear.ai, with an average price target set at $6.00 despite the company's earnings report indicating a revenue decline of 18.3% year-over-year.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) saw unusually large options trading on Friday. Traders acquired 287,476 call options on the stock. This represents an increase of approximately 112% compared to the average daily volume of 135,302 call options.

Insider Buying and Selling at BigBear.ai

In other news, CFO Sean Raymond Ricker sold 11,978 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total transaction of $64,082.30. Following the completion of the transaction, the chief financial officer owned 296,345 shares in the company, valued at approximately $1,585,445.75. This represents a 3.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Toth Financial Advisory Corp grew its position in BigBear.ai by 20.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 12,000 shares of the company's stock worth $78,000 after acquiring an additional 2,000 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in shares of BigBear.ai by 11.7% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 33,729 shares of the company's stock worth $220,000 after buying an additional 3,546 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of BigBear.ai by 26.2% in the 2nd quarter. Corient Private Wealth LLC now owns 27,450 shares of the company's stock worth $186,000 after buying an additional 5,700 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of BigBear.ai by 18.7% in the 2nd quarter. Osaic Holdings Inc. now owns 68,621 shares of the company's stock worth $466,000 after buying an additional 10,806 shares during the last quarter. Finally, Marex Group plc bought a new stake in shares of BigBear.ai in the 2nd quarter worth approximately $1,411,000. 7.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of BigBear.ai in a report on Wednesday. HC Wainwright lowered their price target on 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, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $6.00.

BigBear.ai Price Performance

Shares of NYSE BBAI traded up $0.60 during trading hours on Friday, reaching $8.09. 158,219,267 shares of the stock traded hands, compared to its average volume of 88,780,898. The company has a market capitalization of $3.53 billion, a P/E ratio of -5.63 and a beta of 3.43. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.42. BigBear.ai has a 52-week low of $1.50 and a 52-week high of $10.36. The company's 50-day simple moving average is $6.12 and its two-hundred day simple moving average is $5.03.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.The company had revenue of $32.47 million for the quarter, compared to analysts' expectations of $41.18 million. During the same period last year, the firm posted ($0.06) EPS. BigBear.ai's revenue for the quarter was down 18.3% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. Equities research analysts forecast 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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