HC Wainwright Issues Pessimistic Forecast for BigBear.ai (NYSE:BBAI) Stock Price

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

BigBear.ai Price Performance

Shares of BigBear.ai stock opened at $3.35 on Friday. The stock has a market cap of $953.44 million, a P/E ratio of -3.68 and a beta of 3.12. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The stock’s fifty day moving average is $5.31 and its 200 day moving average is $3.13. BigBear.ai has a one year low of $1.17 and a one year high of $10.36.

Insider Activity at BigBear.ai

In related news, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai 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 transaction, the director now owns 137,838 shares in the company, valued at $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. Over the last three months, insiders have sold 310,953 shares of company stock worth $1,347,496. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Several large investors have recently made changes to their positions in BBAI. Intech Investment Management LLC purchased a new position in shares of BigBear.ai in the third quarter valued at about $61,000. State Street Corp lifted 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 valued at $2,723,000 after acquiring an additional 267,673 shares in the last quarter. XTX Topco Ltd lifted 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 valued at $89,000 after acquiring an additional 22,363 shares in the last quarter. Barclays PLC lifted 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 valued at $208,000 after acquiring an additional 107,214 shares in the last quarter. Finally, Geode Capital Management LLC lifted 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 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 hedge funds and other institutional investors.

About BigBear.ai

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.