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

BigBear.ai (NYSE:BBAI) had its price objective lowered by Cantor Fitzgerald from $8.00 to $6.00 in a report issued on Friday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

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

BigBear.ai Stock Performance

Shares of BBAI opened at $3.35 on Friday. The company has a 50-day simple moving average of $5.31 and a 200-day simple moving average of $3.13. 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 has a market capitalization of $953.44 million, a PE ratio of -3.68 and a beta of 3.12. BigBear.ai has a 52-week low of $1.17 and a 52-week high of $10.36.

Insider Buying and Selling at BigBear.ai

In other news, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total transaction of $297,630.00. Following the completion of the sale, the chief executive officer now directly owns 2,445,449 shares in the company, 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 filing with the SEC, which is available through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction dated 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 owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 310,953 shares of company stock worth $1,347,496. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently modified their holdings of BBAI. Intech Investment Management LLC purchased a new stake in shares of BigBear.ai during the third quarter worth about $61,000. State Street Corp boosted its position in shares of BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after acquiring an additional 267,673 shares during the last quarter. XTX Topco Ltd boosted its position in shares of BigBear.ai by 57.9% in the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after acquiring an additional 22,363 shares during the last quarter. Barclays PLC boosted its position in shares of BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after acquiring an additional 107,214 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after acquiring an additional 479,401 shares during the last quarter. 7.55% of the stock is currently 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.