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

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the target of some unusual options trading on Tuesday. Investors bought 38,267 call options on the stock. This is an increase of 44% compared to the typical volume of 26,492 call options.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BBAI. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright raised their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th.

BigBear.ai Stock Performance

BigBear.ai stock opened at $7.14 on Thursday. The firm has a market capitalization of $1.80 billion, a P/E ratio of -7.84 and a beta of 3.17. The stock has a fifty day moving average price of $3.66 and a two-hundred day moving average price of $2.32. BigBear.ai has a 52-week low of $1.16 and a 52-week high of $7.54. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 earnings per share. As a group, analysts anticipate that BigBear.ai will post -0.28 EPS for the current fiscal year.

Insider Activity

In related news, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the sale, the director now directly owns 137,838 shares in the company, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock valued at $1,347,496 over the last three months. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sovereign Financial Group Inc. bought a new stake in shares of BigBear.ai during the third quarter worth $36,000. Cape Investment Advisory Inc. acquired a new stake in BigBear.ai in the fourth quarter worth about $40,000. Simon Quick Advisors LLC bought a new stake in BigBear.ai during the 4th quarter worth about $44,000. Retirement Income Solutions Inc acquired a new position in BigBear.ai during the 4th quarter valued at about $47,000. Finally, Bay Rivers Group bought a new position in shares of BigBear.ai in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

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.