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

Fortis Group Advisors LLC trimmed its stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) by 78.9% in the fourth quarter, HoldingsChannel.com reports. 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Simon Quick Advisors LLC bought a new stake in shares of BigBear.ai during the 4th quarter valued at $44,000. Retirement Income Solutions Inc bought a new stake in shares of BigBear.ai during the 4th quarter valued at $47,000. Bay Rivers Group bought a new stake in shares of BigBear.ai during the 4th quarter valued at $48,000. Apollon Wealth Management LLC bought a new stake in shares of BigBear.ai during the 4th quarter valued at $65,000. Finally, Choreo LLC bought a new stake in shares of BigBear.ai during the 4th quarter valued at $67,000. 7.55% of the stock is currently owned by institutional investors.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. This represents a 2.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sean Bernard Battle sold 44,813 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 310,953 shares of company stock valued at $1,347,496. Corporate insiders own 1.40% of the company’s stock.

BigBear.ai Price Performance

BigBear.ai stock opened at $8.45 on Wednesday. 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 Holdings, Inc. has a 52 week low of $1.16 and a 52 week high of $10.36. The stock has a market capitalization of $2.12 billion, a P/E ratio of -9.28 and a beta of 3.17. The stock has a fifty day moving average of $4.72 and a 200-day moving average of $2.78.

Analyst Upgrades and Downgrades

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

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.