Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) EVP Sells $69,494.88 in Stock

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) EVP James J. Muchmore sold 26,936 shares of Bridger Aerospace Group stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $2.58, for a total transaction of $69,494.88. Following the completion of the sale, the executive vice president now owns 844,211 shares in the company, valued at approximately $2,178,064.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bridger Aerospace Group Price Performance

Shares of NASDAQ:BAER traded down $0.09 during mid-day trading on Wednesday, reaching $2.52. 154,188 shares of the company were exchanged, compared to its average volume of 44,944. The firm’s 50-day simple moving average is $3.00 and its 200 day simple moving average is $3.91. Bridger Aerospace Group Holdings, Inc. has a 1 year low of $1.71 and a 1 year high of $9.19. The firm has a market cap of $118.48 million, a price-to-earnings ratio of -1.44 and a beta of -0.16.

Bridger Aerospace Group (NASDAQ:BAER) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.08). The business had revenue of $13.01 million for the quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BAER. Canaccord Genuity Group reaffirmed a “buy” rating and set a $5.25 price objective on shares of Bridger Aerospace Group in a research note on Tuesday, August 13th. Canaccord Genuity Group started coverage on Bridger Aerospace Group in a report on Monday, June 24th. They set a “buy” rating and a $5.50 price target on the stock.

Hedge Funds Weigh In On Bridger Aerospace Group

Several hedge funds have recently made changes to their positions in the company. Rhumbline Advisers purchased a new stake in shares of Bridger Aerospace Group in the 2nd quarter valued at about $36,000. Bank of New York Mellon Corp purchased a new stake in Bridger Aerospace Group in the second quarter valued at approximately $50,000. Finally, Peterson Wealth Advisors LLC acquired a new stake in shares of Bridger Aerospace Group in the first quarter valued at approximately $976,000. Hedge funds and other institutional investors own 48.94% of the company’s stock.

Bridger Aerospace Group Company Profile

Bridger Aerospace Group Holdings, Inc provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States. It offers fire suppression services, such as direct fire suppression aerial firefighting support services for ground crew to drop large amounts of water quickly and directly on wildfires.