Fortis Group Advisors LLC Has $66,000 Stock Holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Fortis Group Advisors LLC lessened its position in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 78.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Simon Quick Advisors LLC acquired a new stake in BigBear.ai in the 4th quarter valued at approximately $44,000. Retirement Income Solutions Inc acquired a new stake in BigBear.ai in the 4th quarter valued at approximately $47,000. Bay Rivers Group acquired a new stake in BigBear.ai in the 4th quarter valued at approximately $48,000. Intech Investment Management LLC acquired a new stake in BigBear.ai in the 3rd quarter valued at approximately $61,000. Finally, The Manufacturers Life Insurance Company raised its position in BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after buying an additional 23,597 shares during the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

Wall Street Analyst Weigh In

BBAI has been the topic of several recent analyst reports. HC Wainwright boosted their price target on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th.

Insider Buying and Selling

In related news, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s 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 sale, the director now owns 137,838 shares of the company’s stock, 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. In the last three months, insiders have sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is owned by insiders.

BigBear.ai Stock Down 6.4 %

BBAI stock opened at $8.45 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $2.12 billion, a PE ratio of -9.28 and a beta of 3.17. BigBear.ai Holdings, Inc. has a 1-year low of $1.16 and a 1-year high of $10.36. The business’s 50 day simple moving average is $4.72 and its 200 day simple moving average is $2.78.

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.