BigBear.ai (NYSE:BBAI) Price Target Lowered to $6.00 at HC Wainwright

BigBear.ai (NYSE:BBAI) had its price objective decreased by HC Wainwright from $7.00 to $6.00 in a research report released on Friday,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

BigBear.ai Trading Down 20.3 %

NYSE:BBAI opened at $3.35 on Friday. The stock has a market cap of $953.44 million, a price-to-earnings ratio of -3.68 and a beta of 3.12. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The company’s 50 day moving average price is $5.31 and its 200-day moving average price is $3.13. BigBear.ai has a 52 week low of $1.17 and a 52 week high of $10.36.

Insiders Place Their Bets

In related news, Director Sean Bernard Battle sold 44,813 shares of the 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 sale, the director now directly owns 137,838 shares of the company’s stock, valued at $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction dated 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 disclosure for this sale can be found here. In the last quarter, insiders sold 310,953 shares of company stock valued at $1,347,496. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Cape Investment Advisory Inc. bought a new stake in BigBear.ai in the 4th quarter worth approximately $40,000. Simon Quick Advisors LLC bought a new stake in shares of BigBear.ai in the fourth quarter worth $44,000. Captrust Financial Advisors bought a new stake in shares of BigBear.ai in the fourth quarter worth $45,000. Retirement Income Solutions Inc purchased a new stake in BigBear.ai during the fourth quarter valued at $47,000. Finally, Bay Rivers Group bought a new position in BigBear.ai in the fourth quarter valued at about $48,000. 7.55% of the stock is owned by hedge funds and other 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.