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

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the target of unusually large options trading on Wednesday. Stock investors acquired 113,657 call options on the stock. This is an increase of approximately 48% compared to the typical volume of 76,766 call options.

Analyst Ratings Changes

Separately, HC Wainwright increased their price target on shares of BigBear.ai from $6.00 to $9.00 and gave the stock a “buy” rating in a report on Tuesday, July 1st.

BigBear.ai Trading Up 2.8%

NYSE BBAI opened at $7.12 on Wednesday. BigBear.ai has a 1 year low of $1.17 and a 1 year high of $10.36. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market capitalization of $2.07 billion, a PE ratio of -9.12 and a beta of 3.46. The company has a fifty day moving average of $4.75 and a 200 day moving average of $4.42.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). The company had revenue of $34.76 million during the quarter, compared to analysts’ expectations of $36.26 million. BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.67) EPS. Research analysts forecast that BigBear.ai will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In other BigBear.ai news, CAO Sean Raymond Ricker sold 14,063 shares of the firm’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total value of $42,892.15. Following the completion of the transaction, the chief accounting officer owned 270,061 shares of the company’s stock, valued at approximately $823,686.05. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dorothy D. Hayes sold 26,000 shares of BigBear.ai stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total transaction of $93,600.00. Following the sale, the director owned 255,239 shares of the company’s stock, valued at $918,860.40. The trade was a 9.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,987 shares of company stock valued at $614,608. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

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

BigBear.ai Company Profile

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.