Unusual Call Option Trade in BigBear.ai Holdings, Inc. (BBAI) Worth $38.96K

On April 3, 2023 at 10:26:03 ET an unusually large
$38.96K block of Call contracts in BigBear.ai Holdings, Inc.
(BBAI) was bought,
with a strike price of $3.00 / share, expiring in 18 days (on April 21, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 2.22 sigmas above the mean, placing it in the 99.45 percentile of all recent large trades made in BBAI options.

This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.

Analyst Price Forecast Suggests 88.11% Upside

As of March 30, 2023,
the average one-year price target for BigBear.ai Holdings, Inc. is $4.59.
The forecasts range from a low of $4.54 to a high of $4.72.
The average price target represents an increase of 88.11% from its latest reported closing price of $2.44.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for BigBear.ai Holdings, Inc.
is $178MM, an increase of 14.95%.

The projected annual non-GAAP EPS
is -$0.43.

What is the Fund Sentiment?

There are 21 funds or institutions reporting positions in BigBear.ai Holdings, Inc..

This is a decrease
of
6
owner(s) or 22.22% in the last quarter.

Average portfolio weight of all funds dedicated to BBAI is 0.00%,
a decrease
of 69.52%.

Total shares owned by institutions decreased
in the last three months by 22.49% to 1,443K shares.

The put/call ratio of BBAI is 0.42, indicating a

bullish
outlook.

What are Large Shareholders Doing?

Lynrock Lake
holds 1,230K shares

representing 0.87% ownership of the company.

In it’s prior filing, the firm reported owning 1,426K shares, representing
a decrease
of 15.90%.

The firm

decreased

its portfolio allocation in BBAI by 62.03% over the last quarter.

UBS Group
holds 67K shares

representing 0.05% ownership of the company.

In it’s prior filing, the firm reported owning 58K shares, representing
an increase
of 12.30%.

The firm

decreased

its portfolio allocation in BBAI by 58.72% over the last quarter.

Millennium Management
holds 45K shares

representing 0.03% ownership of the company.

In it’s prior filing, the firm reported owning 79K shares, representing
a decrease
of 72.82%.

The firm

decreased

its portfolio allocation in BBAI by 76.42% over the last quarter.

Susquehanna International Group, Llp
holds 30K shares

representing 0.02% ownership of the company.

In it’s prior filing, the firm reported owning 94K shares, representing
a decrease
of 211.39%.

The firm

decreased

its portfolio allocation in BBAI by 86.52% over the last quarter.

Renaissance Technologies
holds 30K shares

representing 0.02% ownership of the company.

BigBear.ai Holdings Background Information
(This description is provided by the company.)

BigBear.ai helps governments and businesses make the decisions that change markets and define outcomes with AI that’s smart, composable and enterprise-ready. BigBear.ai. Decision Dominance.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.