BigBear.ai (NYSE:BBAI) Stock Rating Lowered by Northland Securities

BigBear.ai (NYSE:BBAI) was downgraded by research analysts at Northland Securities from an “outperform” rating to a “market perform” rating in a research report issued on Friday, Marketbeat reports. They currently have a $4.00 price target on the stock, up from their previous price target of $2.50. Northland Securities’ price objective indicates a potential upside of 19.51% from the stock’s current price.

Separately, HC Wainwright reduced their price target on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday.

BigBear.ai Trading Down 20.3 %

Shares of BigBear.ai stock opened at $3.35 on Friday. The firm’s 50 day moving average is $5.29 and its 200 day moving average is $3.15. The firm has a market capitalization of $953.44 million, a PE ratio of -3.68 and a beta of 3.12. BigBear.ai has a 1 year low of $1.17 and a 1 year high of $10.36. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

Insider Transactions at BigBear.ai

In other news, CEO Amanda Long sold 200,000 shares of BigBear.ai 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 $10,978,829.50. The trade was a 7.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the transaction, the director now owns 137,838 shares in the company, valued at $614,757.48. This represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 310,953 shares of company stock worth $1,347,496. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. AE Industrial Partners LP bought a new position in BigBear.ai in the 4th quarter valued at about $284,721,000. Vanguard Group Inc. boosted its position in shares of BigBear.ai by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company’s stock valued at $25,768,000 after buying an additional 23,994 shares during the last quarter. Geode Capital Management LLC grew its holdings in BigBear.ai by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company’s stock worth $9,780,000 after buying an additional 38,858 shares in the last quarter. State Street Corp raised its position 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 buying an additional 267,673 shares during the last quarter. Finally, TFG Asset Management GP Ltd bought a new position in BigBear.ai during the 4th quarter valued at $4,005,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.