BigBear.ai Target of Unusually Large Options Trading (NYSE:BBAI)

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the recipient of some unusual options trading on Friday. Stock traders acquired 40,840 call options on the company. This is an increase of 136% compared to the average daily volume of 17,335 call options.

Insider Activity at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the transaction, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. This represents a 7.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the sale, the director now owns 143,713,297 shares of the company’s stock, valued at approximately $255,809,668.66. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 782,892 shares of company stock valued at $1,887,246 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Several hedge funds have recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after purchasing an additional 267,673 shares in the last quarter. Bank of Montreal Can lifted its stake in BigBear.ai by 6,435.7% in the second 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. The Manufacturers Life Insurance Company increased its position in shares of BigBear.ai by 135.0% during the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after acquiring an additional 23,597 shares in the last quarter. XTX Topco Ltd increased its position in shares of BigBear.ai by 57.9% during the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after acquiring an additional 22,363 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in BigBear.ai by 206.2% in the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after acquiring an additional 68,663 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

BigBear.ai Trading Up 10.2 %

NYSE:BBAI opened at $4.53 on Friday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. BigBear.ai has a 1-year low of $1.16 and a 1-year high of $5.20. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -4.98 and a beta of 3.58. The business’s 50-day moving average price is $2.66 and its two-hundred day moving average price is $1.90.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share 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 business had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. During the same period last year, the company posted $0.03 EPS. BigBear.ai’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, equities analysts expect that BigBear.ai will post -0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BBAI. HC Wainwright lifted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th.

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.