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

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 96,454 call options on the stock. This is an increase of 61% compared to the average volume of 60,056 call options.

BigBear.ai Price Performance

Shares of BigBear.ai stock opened at $3.85 on Thursday. The stock’s 50-day simple moving average is $3.07 and its 200-day simple moving average is $3.65. BigBear.ai has a 52 week low of $1.17 and a 52 week high of $10.36. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -4.23 and a beta of 3.32. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The business had revenue of $34.76 million during the quarter, compared to analysts’ expectations of $36.26 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. BigBear.ai’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.67) earnings per share. As a group, analysts expect that BigBear.ai will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the completion of the sale, the chief accounting officer now owns 223,070 shares in the company, valued at approximately $814,205.50. This represents a 13.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Julie Peffer sold 20,000 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $3.25, for a total value of $65,000.00. Following the sale, the chief financial officer now owns 730,077 shares of the company’s stock, valued at $2,372,750.25. This trade represents a 2.67% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,219 shares of company stock valued at $439,005. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBAI. Invesco Ltd. grew its stake in BigBear.ai by 8.3% in the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock worth $94,000 after purchasing an additional 1,629 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of BigBear.ai by 19.0% during the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock worth $65,000 after purchasing an additional 2,332 shares during the last quarter. Deutsche Bank AG raised its position in shares of BigBear.ai by 4.6% during the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company’s stock valued at $245,000 after buying an additional 2,427 shares during the period. Wells Fargo & Company MN raised its position in BigBear.ai by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 78,458 shares of the company’s stock valued at $349,000 after purchasing an additional 3,797 shares during the period. Finally, Choreo LLC increased its position in shares of BigBear.ai by 25.3% during the first quarter. Choreo LLC now owns 18,817 shares of the company’s stock worth $54,000 after acquiring an additional 3,802 shares during the period. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.