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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) saw some unusual options trading on Tuesday. Investors purchased 13,157 call options on the company. This represents an increase of 309% compared to the average daily volume of 3,216 call options.

Insider Activity at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total value of $1,019,614.26. Following the transaction, the director now directly owns 143,713,297 shares of the company's stock, valued at approximately $255,809,668.66. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BBAI. Price T Rowe Associates Inc. MD acquired a new stake in BigBear.ai during the first quarter worth about $31,000. Baader Bank Aktiengesellschaft acquired a new stake in BigBear.ai during the second quarter worth about $32,000. Sovereign Financial Group Inc. acquired a new stake in BigBear.ai during the third quarter worth about $36,000. Keynote Financial Services LLC acquired a new stake in BigBear.ai during the first quarter worth about $45,000. Finally, American International Group Inc. grew its holdings in BigBear.ai by 75.4% during the first quarter. American International Group Inc. now owns 25,539 shares of the company's stock worth $52,000 after acquiring an additional 10,982 shares during the period. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BBAI has been the topic of several recent research reports. HC Wainwright restated a "buy" rating and set a $3.00 price target on shares of BigBear.ai in a report on Wednesday, November 6th. Cantor Fitzgerald restated an "overweight" rating and set a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Up 16.8 %

Shares of BBAI traded up $0.30 during midday trading on Tuesday, reaching $2.06. 23,419,995 shares of the stock were exchanged, compared to its average volume of 6,684,552. BigBear.ai has a 52 week low of $1.17 and a 52 week high of $4.80. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The company's 50 day moving average is $1.64 and its two-hundred day moving average is $1.52. The company has a market capitalization of $514.95 million, a P/E ratio of -2.26 and a beta of 3.46.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data 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 return on equity of 138.35% and a negative net margin of 109.90%. The firm had revenue of $41.51 million during the quarter, compared to analysts' expectations of $45.04 million. During the same period in the prior year, the business posted $0.03 EPS. The firm'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 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.