Insider Selling: Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) EVP Sells 18,902 Shares of Stock

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) EVP James J. Muchmore sold 18,902 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $2.70, for a total transaction of $51,035.40. Following the completion of the sale, the executive vice president now owns 820,417 shares of the company’s stock, valued at $2,215,125.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Bridger Aerospace Group Stock Down 3.4 %

Shares of Bridger Aerospace Group stock traded down $0.09 during trading on Wednesday, hitting $2.52. 154,188 shares of the stock traded hands, compared to its average volume of 44,944. The stock 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 Holdings, Inc. has a 52 week low of $1.71 and a 52 week high of $9.19. The firm’s fifty day moving average is $3.00 and its 200-day moving average is $3.91.

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.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Canaccord Genuity Group restated a “buy” rating and issued a $5.25 target price on shares of Bridger Aerospace Group in a research note on Tuesday, August 13th. Canaccord Genuity Group initiated coverage on Bridger Aerospace Group in a research note on Monday, June 24th. They issued a “buy” rating and a $5.50 price objective for the company.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers bought a new position in Bridger Aerospace Group during the 2nd quarter worth approximately $36,000. Bank of New York Mellon Corp purchased a new stake in shares of Bridger Aerospace Group in the 2nd quarter worth about $50,000. Finally, Peterson Wealth Advisors LLC purchased a new stake in Bridger Aerospace Group in the first quarter worth about $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.