HC Wainwright Has Lowered Expectations for BigBear.ai (NYSE:BBAI) Stock Price

BigBear.ai (NYSE:BBAI) had its price target lowered by analysts at HC Wainwright from $7.00 to $6.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s target price would indicate a potential upside of 79.27% from the stock’s current price.

BigBear.ai Trading Down 20.3 %

Shares of NYSE BBAI opened at $3.35 on Friday. BigBear.ai has a 12-month low of $1.17 and a 12-month high of $10.36. The company has a market cap of $953.44 million, a price-to-earnings ratio of -3.68 and a beta of 3.12. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock’s 50 day simple moving average is $5.29 and its 200 day simple moving average is $3.15.

Insider Activity

In related news, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the sale, the director now directly owns 137,838 shares in the company, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $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 quarter, insiders sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Cape Investment Advisory Inc. bought a new position in BigBear.ai in the 4th quarter valued at about $40,000. Simon Quick Advisors LLC bought a new position in shares of BigBear.ai in the fourth quarter valued at approximately $44,000. Captrust Financial Advisors acquired a new position in shares of BigBear.ai during the fourth quarter valued at approximately $45,000. Retirement Income Solutions Inc acquired a new position in shares of BigBear.ai during the fourth quarter valued at approximately $47,000. Finally, Bay Rivers Group bought a new stake in BigBear.ai during the fourth quarter worth approximately $48,000. 7.55% of the stock is owned by institutional investors and hedge funds.

BigBear.ai Company Profile

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.