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

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the recipient of some unusual options trading activity on Thursday. Stock investors bought 17,117 call options on the stock. This is an increase of approximately 45% compared to the average daily volume of 11,808 call options.

Analyst Upgrades and Downgrades

Several analysts have commented on BBAI shares. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright restated a “buy” rating and set a $3.00 price objective on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Down 9.9 %

BBAI stock opened at $2.82 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The stock has a market capitalization of $706.65 million, a P/E ratio of -3.10 and a beta of 3.58. 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 of $2.14 and a 200-day moving average of $1.69.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. During the same period last year, the business earned $0.03 EPS. The business’s quarterly revenue was up 22.1% on a year-over-year basis. On average, sell-side analysts anticipate that BigBear.ai will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the transaction, the director now directly owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after buying an additional 479,401 shares during the last quarter. State Street Corp grew its position in shares of BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after acquiring an additional 267,673 shares during the period. Bank of Montreal Can increased its stake in shares of BigBear.ai by 6,435.7% during the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after purchasing an additional 643,570 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of BigBear.ai by 160.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock valued at $465,000 after purchasing an additional 189,593 shares during the period. Finally, Barclays PLC lifted its stake in BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after purchasing an additional 107,214 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.