BigBear.ai (NYSE:BBAI) Downgraded by Northland Capmk to Hold

Northland Capmk lowered shares of BigBear.ai (NYSE:BBAI - Free Report) from a strong-buy rating to a hold rating in a report published on Friday,Zacks.com reports.

A number of other research analysts also recently issued reports on the company. HC Wainwright dropped their price target on BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday. Cantor Fitzgerald lowered their target price on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Northland Securities downgraded shares of BigBear.ai from an "outperform" rating to a "market perform" rating and upped their price target for the company from $2.50 to $4.00 in a research report on Friday.

BigBear.ai Stock Performance

Shares of BBAI stock traded up $0.06 during mid-day trading on Friday, hitting $3.20. 42,286,333 shares of the stock were exchanged, compared to its average volume of 21,247,818. The stock's fifty day simple moving average is $5.26 and its two-hundred day simple moving average is $3.17. 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 12-month low of $1.17 and a 12-month high of $10.36. The stock has a market capitalization of $910.14 million, a price-to-earnings ratio of -3.51 and a beta of 3.12.

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Insiders Place Their Bets

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the company's stock in a transaction 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 owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. This represents a 7.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were 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 in the company, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cape Investment Advisory Inc. purchased a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $40,000. Simon Quick Advisors LLC acquired a new stake in BigBear.ai in the fourth quarter valued at $44,000. Captrust Financial Advisors purchased a new stake in shares of BigBear.ai during the 4th quarter worth $45,000. Retirement Income Solutions Inc acquired a new position in shares of BigBear.ai during the 4th quarter worth $47,000. Finally, Bay Rivers Group acquired a new position in shares of BigBear.ai during the 4th quarter worth $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.