BigBear.ai (NYSE:BBAI) Lowered to “Market Perform” Rating by Northland Securities

BigBear.ai (NYSE:BBAI) was downgraded by analysts at Northland Securities from an “outperform” rating to a “market perform” rating in a report issued on Friday,Briefing.com Automated Import reports. They presently have a $4.00 price objective on the stock, up from their previous price objective of $2.50. Northland Securities’ price target would suggest a potential downside of 4.88% from the company’s current price.

Separately, HC Wainwright dropped their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday.

BigBear.ai Price Performance

BBAI opened at $4.21 on Friday. The company has a fifty day moving average price of $5.32 and a two-hundred day moving average price of $3.12. The firm has a market capitalization of $1.20 billion, a PE ratio of -4.62 and a beta of 3.12. BigBear.ai has a 52 week low of $1.17 and a 52 week high of $10.36. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

Insider Transactions at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction that occurred 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 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 transaction 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 that occurred on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. The trade was a 7.19 % 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 valued at $1,347,496 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC bought a new position in BigBear.ai during the 3rd quarter worth about $61,000. State Street Corp boosted its position in shares of BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after buying an additional 267,673 shares during the period. XTX Topco Ltd grew its holdings in shares of BigBear.ai by 57.9% during the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after buying an additional 22,363 shares in the last quarter. Barclays PLC raised its position in BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after buying an additional 107,214 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after acquiring an additional 479,401 shares in 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.