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

BigBear.ai (NYSE:BBAI) had its target price reduced by research analysts at Cantor Fitzgerald from $8.00 to $6.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 79.27% from the company’s current price.

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

BigBear.ai Stock Down 20.3 %

NYSE BBAI opened at $3.35 on Friday. The firm has a market cap of $953.44 million, a PE ratio of -3.68 and a beta of 3.12. BigBear.ai has a one year low of $1.17 and a one year high of $10.36. The stock’s 50 day simple moving average is $5.29 and its 200 day simple moving average is $3.15. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

Insiders Place Their Bets

In other news, CEO Amanda Long sold 200,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. This represents a 7.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the 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 transaction, the director now directly owns 137,838 shares in the company, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BBAI. Cape Investment Advisory Inc. bought a new stake in shares of BigBear.ai in the 4th quarter valued at $40,000. Simon Quick Advisors LLC bought a new stake in shares of BigBear.ai in the 4th quarter valued at $44,000. Captrust Financial Advisors bought a new stake in shares of BigBear.ai in the 4th quarter valued at $45,000. Retirement Income Solutions Inc bought a new stake in shares of BigBear.ai in the 4th quarter valued at $47,000. Finally, Bay Rivers Group bought a new stake in shares of BigBear.ai in the 4th quarter valued at $48,000. Institutional investors and hedge funds 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.