BigBear.ai (NYSE:BBAI) Shares Down 21% on Analyst Downgrade

BigBear.ai Holdings, Inc. (NYSE:BBAI) fell 21% on Friday after Cantor Fitzgerald lowered their price target on the stock from $8.00 to $6.00. Cantor Fitzgerald currently has an overweight rating on the stock. BigBear.ai traded as low as $3.13 and last traded at $3.32. 41,176,952 shares traded hands during mid-day trading, an increase of 96% from the average session volume of 20,966,953 shares. The stock had previously closed at $4.20.

A number of other brokerages have also recently weighed in on BBAI. Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $2.50 to $4.00 in a research note on Friday. HC Wainwright cut their price target on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday.

Insider Buying and Selling at BigBear.ai

In related news, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $11,004,520.50. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the firm’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 directly owns 137,838 shares in the company, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 310,953 shares of company stock valued at $1,347,496. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cape Investment Advisory Inc. acquired a new stake in BigBear.ai in the fourth quarter valued at approximately $40,000. Simon Quick Advisors LLC bought a new position in BigBear.ai during the fourth quarter worth $44,000. Captrust Financial Advisors bought a new position in BigBear.ai during the fourth quarter worth $45,000. Retirement Income Solutions Inc bought a new position in BigBear.ai during the fourth quarter worth $47,000. Finally, Bay Rivers Group bought a new position in BigBear.ai during the fourth quarter worth $48,000. 7.55% of the stock is owned by hedge funds and other institutional investors.

BigBear.ai Price Performance

The stock’s 50-day moving average is $5.31 and its 200-day moving average is $3.13. The firm has a market cap of $953.44 million, a P/E ratio of -3.68 and a beta of 3.12. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

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.