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

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the recipient of unusually large options trading on Thursday. Stock investors purchased 201,759 call options on the stock. This represents an increase of 50% compared to the typical volume of 134,215 call options.

Insider Activity

In related news, Director Dorothy D. Hayes sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total value of $133,760.00. Following the sale, the director owned 236,150 shares of the company’s stock, valued at approximately $1,435,792. This represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors have recently bought and sold shares of BBAI. Vanguard Group Inc. raised its stake in BigBear.ai by 32.6% during the third quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company’s stock worth $179,984,000 after purchasing an additional 6,790,890 shares during the period. Jump Financial LLC acquired a new stake in shares of BigBear.ai during the 2nd quarter worth $37,407,000. Two Sigma Investments LP raised its position in shares of BigBear.ai by 165.5% in the 3rd quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company’s stock worth $31,974,000 after buying an additional 3,056,597 shares during the period. Geode Capital Management LLC boosted its holdings in BigBear.ai by 125.2% in the second quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company’s stock valued at $34,456,000 after acquiring an additional 2,820,698 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in BigBear.ai by 3,252.7% during the second quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company’s stock valued at $16,285,000 after acquiring an additional 2,326,883 shares during the period. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

BigBear.ai Trading Up 15.3%

BigBear.ai stock traded up $0.93 during trading on Thursday, hitting $7.03. The company’s stock had a trading volume of 170,096,025 shares, compared to its average volume of 95,254,922. The stock’s fifty day moving average is $6.68 and its 200 day moving average is $6.01. BigBear.ai has a 1-year low of $2.36 and a 1-year high of $10.36. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of -4.95 and a beta of 3.44. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.13 and a current ratio of 3.13.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The business had revenue of $33.14 million during the quarter, compared to analyst estimates of $31.82 million. During the same period in the previous year, the business posted ($0.05) earnings per share. The firm’s quarterly revenue was down 20.1% on a year-over-year basis. As a group, equities research analysts predict that BigBear.ai will post -0.28 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised BigBear.ai from a “strong sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $7.00 target price on shares of BigBear.ai in a report on Tuesday, November 11th. Finally, HC Wainwright reiterated a “buy” rating and set a $8.00 price target on shares of BigBear.ai in a report on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.33.

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.