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

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the target of some unusual options trading activity on Monday. Stock investors acquired 112,103 call options on the stock. This is an increase of approximately 63% compared to the average volume of 68,821 call options.

Insider Activity

In other BigBear.ai news, CFO Julie Peffer sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $3.25, for a total transaction of $65,000.00. Following the completion of the transaction, the chief financial officer now owns 730,077 shares of the company’s stock, valued at approximately $2,372,750.25. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total value of $132,005.90. Following the sale, the chief accounting officer now owns 223,070 shares of the company’s stock, valued at approximately $814,205.50. This represents a 13.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 204,219 shares of company stock valued at $752,605 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds have recently modified their holdings of BBAI. Flaharty Asset Management LLC acquired a new position in BigBear.ai during the first quarter worth about $26,000. City State Bank acquired a new position in shares of BigBear.ai in the 1st quarter worth approximately $29,000. Cornerstone Wealth Management LLC acquired a new position in shares of BigBear.ai in the 1st quarter worth approximately $29,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of BigBear.ai by 2,216.0% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company’s stock worth $33,000 after purchasing an additional 11,080 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in BigBear.ai during the first quarter valued at approximately $34,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on BBAI. Northland Capmk downgraded shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. HC Wainwright reduced their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Cantor Fitzgerald lowered their target price on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research note on Friday, March 7th.

BigBear.ai Stock Up 10.6%

Shares of BigBear.ai stock opened at $4.12 on Tuesday. BigBear.ai has a 1-year low of $1.17 and a 1-year high of $10.36. The company has a market capitalization of $1.20 billion, a P/E ratio of -4.52 and a beta of 3.29. The business’s fifty day moving average price is $3.43 and its two-hundred day moving average price is $3.99. 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 announced its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (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 during the quarter, compared to the consensus estimate of $36.26 million. During the same quarter in the prior year, the company earned ($0.67) EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, 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.