BigBear.ai (NYSE:BBAI) Rating Lowered to Hold at Northland Capmk

BigBear.ai (NYSE:BBAI) was downgraded by equities researchers at Northland Capmk from a “strong-buy” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Northland Securities downgraded BigBear.ai from an “outperform” rating to a “market perform” rating and increased their price target for the company from $2.50 to $4.00 in a report on Friday. Cantor Fitzgerald reduced their target price on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a report on Friday. Finally, HC Wainwright reduced their target price on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday.

BigBear.ai Price Performance

Shares of NYSE BBAI opened at $3.35 on Friday. BigBear.ai has a 1-year low of $1.17 and a 1-year high of $10.36. The business has a 50-day moving average of $5.29 and a 200-day moving average of $3.15. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The company has a market capitalization of $953.44 million, a price-to-earnings ratio of -3.68 and a beta of 3.12.

Insider Activity at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The stock was 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. This trade represents a 24.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 310,953 shares of company stock worth $1,347,496 in the last three months. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On BigBear.ai

Large investors have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after acquiring an additional 267,673 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after acquiring an additional 479,401 shares in the last quarter. Barclays PLC boosted its stake in shares of BigBear.ai by 310.3% during the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after acquiring an additional 107,214 shares in the last quarter. Sargent Investment Group LLC bought a new stake in shares of BigBear.ai during the 4th quarter worth $1,028,000. Finally, Grove Bank & Trust boosted its stake in shares of BigBear.ai by 9,172.7% during the 4th quarter. Grove Bank & Trust now owns 102,000 shares of the company’s stock worth $454,000 after acquiring an additional 100,900 shares in the last quarter. 7.55% of the stock is owned by institutional investors.

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.