12,695 Shares in Bowman Consulting Group Ltd. (NASDAQ:BWMN) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,695 shares of the company’s stock, valued at approximately $404,000. Cubist Systematic Strategies LLC owned about 0.07% of Bowman Consulting Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrature Capital Ltd bought a new position in Bowman Consulting Group during the 1st quarter worth $620,000. Russell Investments Group Ltd. raised its stake in shares of Bowman Consulting Group by 33.8% during the first quarter. Russell Investments Group Ltd. now owns 66,348 shares of the company’s stock valued at $2,308,000 after acquiring an additional 16,761 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Bowman Consulting Group by 28.0% during the 1st quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock worth $23,056,000 after buying an additional 144,978 shares during the period. Emerald Mutual Fund Advisers Trust boosted its holdings in Bowman Consulting Group by 87.4% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company’s stock valued at $5,958,000 after acquiring an additional 87,410 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Bowman Consulting Group by 46.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 76,581 shares of the company’s stock valued at $2,434,000 after purchasing an additional 24,244 shares during the last quarter. Institutional investors own 63.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on BWMN. Robert W. Baird decreased their price target on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Roth Mkm reduced their price objective on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $40.10.

Insider Buying and Selling

In other news, President Michael Bruen sold 5,000 shares of Bowman Consulting Group stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $34.71, for a total value of $173,550.00. Following the transaction, the president now owns 380,739 shares of the company’s stock, valued at $13,215,450.69. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Robert Alan Hickey sold 2,500 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $23.07, for a total value of $57,675.00. Following the completion of the transaction, the insider now directly owns 198,332 shares in the company, valued at $4,575,519.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Michael Bruen sold 5,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $34.71, for a total value of $173,550.00. Following the transaction, the president now owns 380,739 shares in the company, valued at $13,215,450.69. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,652 shares of company stock valued at $650,564 over the last three months. 20.40% of the stock is owned by company insiders.

Bowman Consulting Group Trading Up 2.8 %

Shares of BWMN opened at $22.03 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $389.20 million, a P/E ratio of -32.88 and a beta of 1.09. Bowman Consulting Group Ltd. has a 1 year low of $21.02 and a 1 year high of $42.90. The company has a 50 day simple moving average of $23.81 and a two-hundred day simple moving average of $29.29.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.10). The firm had revenue of $104.50 million during the quarter, compared to the consensus estimate of $113.01 million. Bowman Consulting Group had a positive return on equity of 4.40% and a negative net margin of 2.67%. On average, equities analysts expect that Bowman Consulting Group Ltd. will post -0.36 earnings per share for the current fiscal year.

About Bowman Consulting Group

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.