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

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 82,637 call options on the stock. This is an increase of 68% compared to the typical daily volume of 49,289 call options.

BigBear.ai Stock Performance

Shares of BBAI stock traded down $0.71 on Friday, hitting $6.80. The company's stock had a trading volume of 41,217,354 shares, compared to its average volume of 89,480,936. BigBear.ai has a fifty-two week low of $1.16 and a fifty-two week high of $10.36. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The stock's 50 day moving average is $5.00 and its 200-day moving average is $2.89. The company has a market capitalization of $1.71 billion, a PE ratio of -7.47 and a beta of 3.17.

Insiders Place Their Bets

In other news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, the director now directly owns 137,838 shares in the company, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Amanda Long sold 200,000 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the sale, the chief executive officer now owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds have recently added to or reduced their stakes in BBAI. AE Industrial Partners LP bought a new position in BigBear.ai in the fourth quarter valued at approximately $284,721,000. TFG Asset Management GP Ltd bought a new position in shares of BigBear.ai in the 4th quarter valued at $4,005,000. Soviero Asset Management LP acquired a new position in shares of BigBear.ai during the 4th quarter worth $3,248,000. Geode Capital Management LLC lifted its position in shares of BigBear.ai by 28.6% during the 3rd 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. Finally, State Street Corp boosted its stake in BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company's stock valued at $2,723,000 after buying an additional 267,673 shares in the last quarter. Institutional investors own 7.55% of the company's stock.

Analyst Upgrades and Downgrades

BBAI has been the topic of a number of research reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright increased their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a research note on Monday, December 30th.

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.