BigBear.ai Experiences Significant Options Trading Surge

BigBear.ai Holdings, Inc. (NYSE:BBAI) noted a remarkable uptick in options trading on Tuesday, with traders acquiring a substantial 38,267 call options. This figure marks a 44% increase compared to the typical daily volume of 26,492 call options.

Insider Transactions at BigBear.ai

In a related development, CEO Amanda Long sold 66,140 shares of the company on January 6. The sale occurred at an average price of $4.50, resulting in a total transaction value of $297,630. After this transaction, Amanda Long retains 2,445,449 shares valued at approximately $11,004,521, indicating a 2.63% decrease in her position. This transaction has been reported in a filing with the SEC, accessible online. Additionally, Director Sean Bernard Battle sold 44,813 shares on January 2, fetching an average price of $4.46 and totaling $199,866. Following this sale, Battle owns 137,838 shares valued at about $614,757, which represents a 24.53% reduction in his shareholding. In the last 90 days, insiders sold a combined 310,953 shares of the company, valued at around $1,347,496. Company insiders now hold 1.40% of the total shares.

Institutional Investor Activity in BigBear.ai

Several major investors have recently adjusted their holdings in BigBear.ai. For instance, Sovereign Financial Group Inc. entered a new position in the company during the third quarter worth approximately $36,000. Cape Investment Advisory Inc. invested roughly $40,000 in the fourth quarter, while Simon Quick Advisors LLC acquired a stake valued at about $44,000. Retirement Income Solutions Inc. also made a new investment worth approximately $47,000. Lastly, Bay Rivers Group bought into BigBear.ai with a stake valued at around $48,000. Collectively, institutional investors and hedge funds own 7.55% of the company's shares.

BigBear.ai Stock Overview

On Thursday, BBAI opened at $7.14. The company possesses a debt-to-equity ratio of 2.08, a quick ratio of 2.06, and a current ratio of 2.06. The 50-day simple moving average for the stock stands at $3.66, while the 200-day simple moving average is $2.32. BigBear.ai boasts a market capitalization of $1.80 billion with a PE ratio of -7.84 and a beta of 3.17. Over the last year, the stock has seen a low of $1.16 and a high of $7.54.

BigBear.ai released its quarterly earnings on November 5. The company reported an earnings per share (EPS) of ($0.05), exceeding the consensus estimate of ($0.07) by $0.02. The revenue for the quarter was $41.51 million, falling short of the expected $45.04 million. The company displayed a negative return on equity of 138.35% and a negative net margin of 109.90%. Compared to the prior year, revenue for the quarter increased by 22.1%. Analysts predict that BigBear.ai will report an EPS of -0.28 for the current fiscal year.

Analyst Opinions on BigBear.ai

Recent research reports have provided various insights about BBAI. HC Wainwright raised its price target from $3.00 to $7.00, giving the stock a "buy" rating as of December 30. Meanwhile, Cantor Fitzgerald reiterated an "overweight" rating, setting a target price of $3.50 in their report dated November 6.

About BigBear.ai

BigBear.ai Holdings, Inc. specializes in artificial intelligence-driven decision intelligence solutions. Its offerings include services related to national security, supply chain management, and digital identity and biometrics. Furthermore, the company provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and visualization solutions.

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