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

BigBear.ai Holdings, Inc. (NYSE:BBAI) saw unusually large options trading activity on Wednesday. Stock investors bought 68,274 call options on the stock. This is an increase of 1,590% compared to the average volume of 4,041 call options.

Insider Buying and Selling

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the transaction, the director now directly owns 143,713,297 shares of the company’s stock, valued at $255,809,668.66. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by insiders.

Institutional Trading of BigBear.ai

Hedge funds have recently modified their holdings of the business. Bank of Montreal Can boosted its holdings in shares of BigBear.ai by 6,435.7% during the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock valued at $1,006,000 after buying an additional 643,570 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of BigBear.ai during the 1st quarter valued at $31,000. Vanguard Group Inc. boosted its stake in BigBear.ai by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company’s stock worth $4,228,000 after purchasing an additional 168,076 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after purchasing an additional 23,597 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in BigBear.ai by 206.2% in the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock worth $154,000 after purchasing an additional 68,663 shares in the last quarter. Institutional investors own 7.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BBAI shares. HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th. Cantor Fitzgerald reissued an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Stock Down 8.1 %

Shares of BigBear.ai stock opened at $2.60 on Thursday. 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 company’s fifty day simple moving average is $1.78 and its two-hundred day simple moving average is $1.57. The company has a market cap of $651.53 million, a P/E ratio of -2.88 and a beta of 3.58. BigBear.ai has a 12-month low of $1.16 and a 12-month high of $4.80.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The firm had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. During the same quarter in the previous year, the business posted $0.03 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Research analysts anticipate 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.