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

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the target of unusually large options trading activity on Tuesday. Traders bought 289,256 call options on the stock. This represents an increase of 370% compared to the typical volume of 61,581 call options.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Northland Capmk downgraded shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Cantor Fitzgerald lowered their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Northland Securities downgraded shares of BigBear.ai from an “outperform” rating to a “market perform” rating and raised their target price for the company from $2.50 to $4.00 in a research report on Friday, March 7th. Finally, HC Wainwright raised their target price on shares of BigBear.ai from $6.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday.

Insider Transactions at BigBear.ai

In related news, CFO Julie Peffer sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total transaction of $220,000.00. Following the completion of the sale, the chief financial officer owned 634,153 shares of the company’s stock, valued at approximately $2,790,273.20. This represents a 7.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sean Raymond Ricker sold 14,063 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total transaction of $42,892.15. Following the completion of the transaction, the chief accounting officer owned 270,061 shares in the company, valued at $823,686.05. The trade was a 4.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 165,987 shares of company stock worth $614,608. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently modified their holdings of the stock. Flaharty Asset Management LLC purchased a new stake in BigBear.ai in the 1st quarter worth approximately $26,000. City State Bank purchased a new stake in BigBear.ai in the 1st quarter worth approximately $29,000. Cornerstone Wealth Management LLC purchased a new stake in BigBear.ai in the 1st quarter worth approximately $29,000. Blue Bell Private Wealth Management LLC grew its stake in 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 acquiring an additional 11,080 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in BigBear.ai in the 1st quarter worth approximately $34,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

BigBear.ai Trading Down 1.5%

Shares of NYSE BBAI opened at $6.69 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.66 and a current ratio of 1.66. The business’s 50 day moving average price is $3.94 and its 200-day moving average price is $4.15. BigBear.ai has a fifty-two week low of $1.17 and a fifty-two week high of $10.36. The company has a market cap of $1.95 billion, a price-to-earnings ratio of -8.58 and a beta of 3.46.

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 the consensus estimate of ($0.06) by ($0.04). The company had revenue of $34.76 million for the quarter, compared to the consensus estimate of $36.26 million. BigBear.ai had a negative net margin of 121.31% and a negative return on equity of 57.83%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted ($0.67) EPS. On average, sell-side analysts expect that BigBear.ai will post -0.28 earnings per share for the current year.

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.