BigBear.ai (NYSE:BBAI) Cut to “Market Perform” at Northland Securities

Northland Securities downgraded shares of BigBear.ai (NYSE:BBAI) from an outperform rating to a market perform rating in a research report report published on Friday morning, MarketBeat Ratings reports. Northland Securities currently has $4.00 target price on the stock, up from their previous target price of $2.50.

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

BigBear.ai Stock Down 20.3 %

Shares of BigBear.ai stock opened at $3.35 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. BigBear.ai has a 52-week low of $1.17 and a 52-week high of $10.36. The stock has a market capitalization of $953.44 million, a price-to-earnings ratio of -3.68 and a beta of 3.12. The company’s 50 day moving average price is $5.29 and its 200-day moving average price is $3.16.

Insider Activity at BigBear.ai

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the firm’s 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 completion of the transaction, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Amanda Long sold 66,140 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the transaction, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. This represents a 2.63 % decrease in their position. 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 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in shares of BigBear.ai by 8.3% in the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock worth $94,000 after purchasing an additional 1,629 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of BigBear.ai by 19.0% in the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock worth $65,000 after purchasing an additional 2,332 shares during the last quarter. Deutsche Bank AG raised its position in shares of BigBear.ai by 4.6% in the 4th quarter. Deutsche Bank AG now owns 55,055 shares of the company’s stock worth $245,000 after purchasing an additional 2,427 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of BigBear.ai by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company’s stock worth $349,000 after purchasing an additional 3,797 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of BigBear.ai by 12.3% in the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock worth $228,000 after purchasing an additional 5,591 shares during the last quarter. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.