Cantor Fitzgerald Cuts BigBear.ai (NYSE:BBAI) Price Target to $6.00

BigBear.ai (NYSE:BBAI) had its target price reduced by Cantor Fitzgerald from $8.00 to $6.00 in a report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

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

BigBear.ai Stock Performance

Shares of BBAI 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. The stock has a fifty day moving average price of $5.29 and a 200 day moving average price of $3.16. The stock has a market cap 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.

Insider Activity

In other news, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the sale, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the sale, the director now directly owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock valued at $1,347,496 over the last quarter. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently made changes to their positions in BBAI. Cape Investment Advisory Inc. purchased a new stake in BigBear.ai during the fourth quarter valued at about $40,000. Simon Quick Advisors LLC purchased a new stake in BigBear.ai during the fourth quarter valued at about $44,000. Captrust Financial Advisors purchased a new stake in BigBear.ai during the fourth quarter valued at about $45,000. Retirement Income Solutions Inc purchased a new stake in BigBear.ai during the fourth quarter valued at about $47,000. Finally, Bay Rivers Group purchased a new stake in BigBear.ai during the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.