Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) EVP Sells $51,035.40 in Stock

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) EVP James J. Muchmore sold 18,902 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,215,125.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Bridger Aerospace Group Stock Down 1.9 %

NASDAQ:BAER opened at $2.53 on Friday. The stock has a fifty day simple moving average of $2.97 and a 200 day simple moving average of $3.89. The firm has a market capitalization of $118.95 million, a price-to-earnings ratio of -1.45 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 announced its 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.

Analyst Upgrades and Downgrades

BAER has been the topic of a number of research reports. Canaccord Genuity Group reiterated 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 started coverage on Bridger Aerospace Group in a report on Monday, June 24th. They issued a “buy” rating and a $5.50 price target on the stock.

Institutional Trading of Bridger Aerospace Group

Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new position in Bridger Aerospace Group during the second quarter valued at $36,000. Bank of New York Mellon Corp acquired a new stake in Bridger Aerospace Group during the 2nd quarter worth about $50,000. Finally, Peterson Wealth Advisors LLC purchased a new position in Bridger Aerospace Group during the 1st quarter valued at about $976,000. 48.94% of the stock is owned by institutional investors and hedge funds.

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.