Investors Purchase Large Volume of Call Options on BigBear.ai (NYSE:BBAI)

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the target of unusually large options trading on Thursday. Stock traders bought 201,759 call options on the stock. This represents an increase of approximately 50% compared to the typical volume of 134,215 call options.

BigBear.ai Price Performance

Shares of NYSE BBAI traded up $0.93 during midday trading on Thursday, hitting $7.03. The company had a trading volume of 170,096,025 shares, compared to its average volume of 95,254,922. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of -4.95 and a beta of 3.44. BigBear.ai has a twelve month low of $2.36 and a twelve month high of $10.36. The business has a 50-day simple moving average of $6.68 and a two-hundred day simple moving average of $6.01. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.18.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The company had revenue of $33.14 million for the quarter, compared to analyst estimates of $31.82 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s quarterly revenue was down 20.1% compared to the same quarter last year. Equities research analysts anticipate that BigBear.ai will post -0.28 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on BBAI. HC Wainwright restated a “buy” rating and issued a $8.00 target price on shares of BigBear.ai in a research note on Tuesday, November 11th. Cantor Fitzgerald restated an “overweight” rating and issued a $7.00 price objective on shares of BigBear.ai in a research report on Tuesday, November 11th. Wall Street Zen raised BigBear.ai from a “strong sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.33.

Insider Activity at BigBear.ai

In related news, Director Dorothy D. Hayes sold 22,000 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total transaction of $133,760.00. Following the completion of the sale, the director directly owned 236,150 shares of the company’s stock, valued at $1,435,792. This trade represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds have recently bought and sold shares of BBAI. Arizona State Retirement System boosted its position in BigBear.ai by 2.2% during the third quarter. Arizona State Retirement System now owns 86,166 shares of the company’s stock worth $562,000 after purchasing an additional 1,823 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of BigBear.ai by 22.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 10,344 shares of the company’s stock worth $70,000 after buying an additional 1,885 shares during the last quarter. Pure Financial Advisors LLC boosted its position in shares of BigBear.ai by 19.4% in the 3rd quarter. Pure Financial Advisors LLC now owns 12,060 shares of the company’s stock worth $79,000 after buying an additional 1,960 shares in the last quarter. Toth Financial Advisory Corp grew its stake in BigBear.ai by 20.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 12,000 shares of the company’s stock valued at $78,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Wealthspan Partners LLC increased its holdings in BigBear.ai by 16.0% during the 3rd quarter. Wealthspan Partners LLC now owns 16,350 shares of the company’s stock valued at $107,000 after acquiring an additional 2,250 shares in the last quarter. 7.55% of the stock is owned by hedge funds and other institutional investors.

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.