BigBear.ai Sees Unusually High Options Volume (NYSE:BBAI)

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 68,274 call options on the stock. This is an increase of 1,590% compared to the typical volume of 4,041 call options.

BigBear.ai Stock Performance

Shares of NYSE BBAI opened at $2.83 on Wednesday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. BigBear.ai has a fifty-two week low of $1.16 and a fifty-two week high of $4.80. The business has a 50 day moving average price of $1.75 and a two-hundred day moving average price of $1.56.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same quarter last year, the company earned $0.03 earnings per share. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. Sell-side analysts predict that BigBear.ai will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the completion of the transaction, the director now owns 143,713,297 shares of the company’s stock, valued at approximately $255,809,668.66. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

Several large investors have recently modified their holdings of BBAI. Bank of Montreal Can lifted its position in shares of BigBear.ai by 6,435.7% in the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after buying an additional 643,570 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of BigBear.ai during the first quarter valued at $31,000. Vanguard Group Inc. grew its position in shares of BigBear.ai by 8.9% during the first quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company’s stock worth $4,228,000 after acquiring an additional 168,076 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after acquiring an additional 23,597 shares during the period. Finally, Rhumbline Advisers lifted its position in BigBear.ai by 206.2% in the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after purchasing an additional 68,663 shares during the last quarter. Institutional investors own 7.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

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.