Eric L. Gerratt Sells 8,808 Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Stock

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) CFO Eric L. Gerratt sold 8,808 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $2.69, for a total transaction of $23,693.52. Following the completion of the sale, the chief financial officer now owns 469,463 shares in the company, valued at approximately $1,262,855.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Bridger Aerospace Group Stock Performance

Shares of Bridger Aerospace Group stock traded down $0.09 on Wednesday, hitting $2.52. 154,188 shares of the company’s stock were exchanged, compared to its average volume of 44,944. The company has a 50-day simple moving average of $3.00 and a 200-day simple moving average of $3.91. The stock has a market capitalization of $118.48 million, a PE ratio of -1.44 and a beta of -0.16. Bridger Aerospace Group Holdings, Inc. has a 1 year low of $1.71 and a 1 year high of $9.19.

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

Wall Street Analysts Forecast Growth

BAER has been the topic of several research reports. Canaccord Genuity Group restated a “buy” rating and issued a $5.25 target price on shares of Bridger Aerospace Group in a report on Tuesday, August 13th. Canaccord Genuity Group began coverage on shares of Bridger Aerospace Group in a report on Monday, June 24th. They issued a “buy” rating and a $5.50 target price on the stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Rhumbline Advisers purchased a new position in shares of Bridger Aerospace Group during the 2nd quarter valued at $36,000. Bank of New York Mellon Corp purchased a new position in shares of Bridger Aerospace Group during the 2nd quarter valued at $50,000. Finally, Peterson Wealth Advisors LLC bought a new stake in Bridger Aerospace Group in the 1st quarter valued at $976,000. Hedge funds and other institutional investors own 48.94% of the company’s stock.

About Bridger Aerospace Group

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.