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

BigBear.ai Holdings, Inc. (NYSE:BBAI) saw unusually large options trading activity on Monday. Stock investors bought 112,103 call options on the company. This represents an increase of approximately 63% compared to the typical daily volume of 68,821 call options.

BigBear.ai Trading Down 2.5%

Shares of BBAI opened at $4.04 on Wednesday. The firm’s 50-day moving average price is $3.44 and its 200-day moving average price is $3.99. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -5.17 and a beta of 3.29. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.55. BigBear.ai has a 1-year low of $1.17 and a 1-year high of $10.36.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The business had revenue of $34.76 million for the quarter, compared to the consensus estimate of $36.26 million. During the same period in the previous year, the firm earned ($0.67) EPS. The company’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that BigBear.ai will post -0.28 EPS for the current year.

Insider Buying and Selling

In other BigBear.ai news, CFO Julie Peffer sold 50,000 shares of the firm’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total value of $220,000.00. Following the sale, the chief financial officer now owns 634,153 shares of the company’s stock, valued at $2,790,273.20. This trade represents a 7.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sean Raymond Ricker sold 14,063 shares of the firm’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $3.05, for a total transaction of $42,892.15. Following the completion of the sale, the chief accounting officer now directly owns 270,061 shares in the company, valued at approximately $823,686.05. This trade represents a 4.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 204,219 shares of company stock worth $752,605 in the last 90 days. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

Hedge funds have recently bought and sold shares of the business. Oppenheimer & Co. Inc. bought a new stake in BigBear.ai during the fourth quarter worth about $325,000. Charles Schwab Investment Management Inc. boosted its stake in BigBear.ai by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company’s stock worth $1,329,000 after acquiring an additional 8,879 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in BigBear.ai by 198.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 93,220 shares of the company’s stock worth $415,000 after acquiring an additional 61,998 shares in the last quarter. Vanguard Group Inc. raised its holdings in BigBear.ai by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company’s stock worth $25,768,000 after buying an additional 23,994 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in BigBear.ai by 12.3% in the fourth quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock worth $228,000 after buying an additional 5,591 shares during the last quarter. Institutional investors own 7.55% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BBAI. Northland Securities lowered shares of BigBear.ai from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $2.50 to $4.00 in a report on Friday, March 7th. Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Cantor Fitzgerald cut their target price on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Finally, HC Wainwright cut their target price on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 7th.

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.