Traders Buy High Volume of Call Options on BigBear.ai (NYSE:BBAI)

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BBAI shares. 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 objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

Insider Activity at BigBear.ai

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the completion of the transaction, the director now owns 143,713,297 shares of the company’s stock, valued at $255,809,668.66. This represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently added to or reduced their stakes in BBAI. Barclays PLC boosted its stake in BigBear.ai by 310.3% during the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after purchasing an additional 107,214 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after purchasing an additional 479,401 shares during the last quarter. XTX Topco Ltd lifted its position in BigBear.ai by 57.9% during the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after buying an additional 22,363 shares in the last quarter. State Street Corp boosted its holdings in 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 purchasing an additional 267,673 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of BigBear.ai in the 3rd quarter worth approximately $61,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

BigBear.ai Stock Performance

BBAI traded down $0.05 on Thursday, reaching $3.08. 37,033,536 shares of the stock were exchanged, compared to its average volume of 9,649,493. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. BigBear.ai has a fifty-two week low of $1.16 and a fifty-two week high of $4.80. The company’s 50-day moving average price is $2.12 and its 200 day moving average price is $1.69. The firm has a market capitalization of $771.80 million, a PE ratio of -3.38 and a beta of 3.58.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $45.04 million. During the same quarter in the previous year, the business earned $0.03 EPS. BigBear.ai’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, sell-side analysts forecast that BigBear.ai will post -0.28 EPS for the current fiscal year.

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.