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 company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $2.69, for a total transaction of $23,693.52. Following the sale, the chief financial officer now directly owns 469,463 shares of the company’s stock, valued at approximately $1,262,855.47. The sale was disclosed in a filing with the SEC, which is available at this link.

Bridger Aerospace Group Price Performance

BAER stock opened at $2.58 on Friday. The business’s 50-day moving average is $3.00 and its two-hundred day moving average is $3.91. The firm has a market capitalization of $121.30 million, a P/E ratio of -1.47 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 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 company had revenue of $13.01 million for the quarter.

Analysts Set New Price Targets

A number of research firms have commented on BAER. Canaccord Genuity Group started coverage on Bridger Aerospace Group in a research report on Monday, June 24th. They issued a “buy” rating and a $5.50 target price on the stock. Canaccord Genuity Group restated a “buy” rating and issued a $5.25 price target on shares of Bridger Aerospace Group in a research note on Tuesday, August 13th.

Institutional Trading of Bridger Aerospace Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BAER. Rhumbline Advisers acquired a new stake in shares of Bridger Aerospace Group in the 2nd quarter valued at about $36,000. Bank of New York Mellon Corp acquired a new position in Bridger Aerospace Group during the second quarter worth approximately $50,000. Finally, Peterson Wealth Advisors LLC acquired a new position in Bridger Aerospace Group during the first quarter worth approximately $976,000. Institutional investors and hedge funds 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.