Fortis Group Advisors LLC Sells 55,197 Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI)

Fortis Group Advisors LLC cut its position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 78.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,721 shares of the company's stock after selling 55,197 shares during the quarter. Fortis Group Advisors LLC's holdings in BigBear.ai were worth $66,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BBAI. State Street Corp grew its stake in 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 purchasing an additional 267,673 shares in the last quarter. Geode Capital Management LLC grew its stake in 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 purchasing an additional 479,401 shares in the last quarter. Barclays PLC grew its stake in 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 purchasing an additional 107,214 shares in the last quarter. Sargent Investment Group LLC bought a new position in BigBear.ai in the fourth quarter valued at approximately $1,028,000. Finally, Grove Bank & Trust grew its stake in BigBear.ai by 9,172.7% in the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company's stock valued at $454,000 after purchasing an additional 100,900 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BBAI shares. HC Wainwright raised their price target on BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, December 30th. Cantor Fitzgerald reiterated an "overweight" rating and set a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Performance

Shares of NYSE BBAI traded down $0.71 during midday trading on Friday, hitting $6.80. 41,217,354 shares of the company's stock were exchanged, compared to its average volume of 68,915,359. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. BigBear.ai Holdings, Inc. has a 12 month low of $1.16 and a 12 month high of $10.36. The company's 50 day moving average price is $4.91 and its 200 day moving average price is $2.85. The firm has a market capitalization of $1.71 billion, a PE ratio of -7.47 and a beta of 3.17.

Insider Transactions at BigBear.ai

In related news, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,583,254 shares of the company's stock, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the sale, the director now directly owns 137,838 shares of the company's stock, valued at approximately $614,757.48. The trade was 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 company insiders.

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.