Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) CEO Samuel Carl Davis Sells 19,323 Shares

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) CEO Samuel Carl Davis sold 19,323 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.56, for a total transaction of $49,466.88. Following the completion of the transaction, the chief executive officer now directly owns 474,352 shares in the company, valued at $1,214,341.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Samuel Carl Davis also recently made the following trade(s):

• On Wednesday, September 18th, Samuel Carl Davis sold 3,914 shares of Bridger Aerospace Group stock. The stock was sold at an average price of $2.71, for a total transaction of $10,606.94.

Bridger Aerospace Group Stock Performance

Shares of BAER stock traded down $0.09 during trading hours on Wednesday, hitting $2.52. 154,188 shares of the company were exchanged, compared to its average volume of 44,944. The firm has a market cap of $118.48 million, a P/E ratio of -1.44 and a beta of -0.16. Bridger Aerospace Group Holdings, Inc. has a fifty-two week low of $1.71 and a fifty-two week high of $9.19. The company has a 50 day simple moving average of $3.00 and a two-hundred day simple moving average of $3.91.

Bridger Aerospace Group (NASDAQ:BAER) last issued its quarterly earnings data 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 business had revenue of $13.01 million during the quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BAER shares. Canaccord Genuity Group reiterated a “buy” rating and issued a $5.25 price target on shares of Bridger Aerospace Group in a research note on Tuesday, August 13th. Canaccord Genuity Group started coverage on shares of Bridger Aerospace Group in a report on Monday, June 24th. They set a “buy” rating and a $5.50 target price for the company.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BAER. Rhumbline Advisers bought a new stake in Bridger Aerospace Group in the 2nd quarter worth approximately $36,000. Bank of New York Mellon Corp bought a new position in shares of Bridger Aerospace Group during the second quarter valued at $50,000. Finally, Peterson Wealth Advisors LLC purchased a new stake in shares of Bridger Aerospace Group during the first quarter valued at $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.