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 company’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 transaction, the executive vice president now directly owns 820,417 shares in the company, valued at $2,215,125.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bridger Aerospace Group Price Performance

NASDAQ BAER opened at $2.53 on Friday. Bridger Aerospace Group Holdings, Inc. has a fifty-two week low of $1.71 and a fifty-two week high of $9.19. The stock’s 50-day moving average is $2.97 and its two-hundred day moving average is $3.89. The firm has a market cap of $118.95 million, a P/E ratio of -1.45 and a beta of -0.16.

Bridger Aerospace Group (NASDAQ:BAER) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.08). The firm had revenue of $13.01 million during the quarter.

Hedge Funds Weigh In On Bridger Aerospace Group

Several 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 second quarter worth $36,000. Bank of New York Mellon Corp bought a new stake in Bridger Aerospace Group during the second quarter valued at about $50,000. Finally, Peterson Wealth Advisors LLC acquired a new stake in shares of Bridger Aerospace Group in the first quarter valued at about $976,000. Institutional investors and hedge funds own 48.94% of the company’s stock.

Analyst Ratings Changes

BAER has been the subject of several research reports. Canaccord Genuity Group reiterated a “buy” rating and set a $5.25 price target on shares of Bridger Aerospace Group in a report on Tuesday, August 13th. Canaccord Genuity Group began coverage on shares of Bridger Aerospace Group in a research report on Monday, June 24th. They issued a “buy” rating and a $5.50 target price for the company.

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.