Wolverine Asset Management LLC Has $54,000 Stock Position in BigBear.ai Holdings, Inc. (NYSE:BBAI)

Wolverine Asset Management LLC trimmed its stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 72.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,201 shares of the company’s stock after selling 32,353 shares during the quarter. Wolverine Asset Management LLC’s holdings in BigBear.ai were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in BBAI. Geode Capital Management LLC raised its stake 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 during the last quarter. State Street Corp raised its stake 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 during the last quarter. Sargent Investment Group LLC bought a new position in shares of BigBear.ai in the fourth quarter valued at approximately $1,028,000. Sovereign Financial Group Inc. raised its stake in shares of BigBear.ai by 699.3% in the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock valued at $889,000 after acquiring an additional 174,815 shares during the last quarter. Finally, Barclays PLC raised its stake 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 during the last quarter. 7.55% of the stock is owned by institutional investors and hedge funds.

BigBear.ai Stock Performance

BBAI stock opened at $5.96 on Tuesday. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The company has a 50 day moving average price of $5.06 and a 200 day moving average price of $2.94. BigBear.ai Holdings, Inc. has a fifty-two week low of $1.16 and a fifty-two week high of $10.36. The stock has a market capitalization of $1.50 billion, a PE ratio of -6.54 and a beta of 3.17.

Insider Buying and Selling

In related news, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the transaction, the chief executive officer now 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 at the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock worth $1,347,496 in the last quarter. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.