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

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

BigBear.ai Price Performance

BBAI stock opened at $7.12 on Wednesday. BigBear.ai has a 52-week low of $1.17 and a 52-week high of $10.36. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -9.12 and a beta of 3.46. The business has a fifty day moving average of $4.75 and a two-hundred day moving average of $4.42.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings data 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). The business had revenue of $34.76 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.67) earnings per share. As a group, research analysts anticipate that BigBear.ai will post -0.28 earnings per share for the current year.

Insider Transactions at BigBear.ai

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

Institutional Investors Weigh In On BigBear.ai

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

Analyst Ratings Changes

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

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.