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

Northland Capmk downgraded shares of BigBear.ai (NYSE:BBAI) from a strong-buy rating to a hold rating in a research note issued to investors on Friday morning,Zacks.com reports.

A number of other research firms have also recently commented on BBAI. Cantor Fitzgerald cut their target price on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research report on Friday. Northland Securities cut BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $2.50 to $4.00 in a research report on Friday. Finally, HC Wainwright cut their target price on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday.

BigBear.ai Stock Down 20.3 %

BBAI opened at $3.35 on Friday. The business’s 50-day simple moving average is $5.29 and its 200-day simple moving average is $3.16. 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 one year low of $1.17 and a one year high of $10.36. The stock has a market capitalization of $953.44 million, a P/E ratio of -3.68 and a beta of 3.12.

Insider Buying and Selling

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai 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 owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. The trade was 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 the SEC website. Also, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the sale, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. The trade was a 2.63 % 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 valued at $1,347,496 over the last quarter. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. lifted its position in shares of BigBear.ai by 8.3% during the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock valued at $94,000 after acquiring an additional 1,629 shares during the period. Victory Capital Management Inc. raised its position in shares of BigBear.ai by 19.0% during 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% during 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% during 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% during 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. 7.55% of the stock is currently 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.