Bowman Consulting Group Ltd. (NASDAQ:BWMN) CEO Sells $118,950.00 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) CEO Gary Bowman sold 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $31.72, for a total transaction of $118,950.00. Following the completion of the sale, the chief executive officer now directly owns 973,475 shares of the company’s stock, valued at $30,878,627. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Gary Bowman also recently made the following trade(s):

• On Monday, April 1st, Gary Bowman sold 114,705 shares of Bowman Consulting Group stock. The stock was sold at an average price of $34.00, for a total transaction of $3,899,970.00.
• On Tuesday, March 26th, Gary Bowman sold 6,250 shares of Bowman Consulting Group stock. The stock was sold at an average price of $39.59, for a total transaction of $247,437.50.
• On Wednesday, February 21st, Gary Bowman sold 2,500 shares of Bowman Consulting Group stock. The stock was sold at an average price of $34.45, for a total transaction of $86,125.00.

Bowman Consulting Group Stock Up 2.7 %

Shares of NASDAQ BWMN traded up $0.86 during midday trading on Friday, reaching $32.95. The company’s stock had a trading volume of 111,838 shares, compared to its average volume of 91,007. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.22 and a quick ratio of 1.22. Bowman Consulting Group Ltd. has a fifty-two week low of $25.52 and a fifty-two week high of $42.90. The stock has a 50 day simple moving average of $34.49 and a 200-day simple moving average of $32.32.

Bowman Consulting Group (NASDAQ:BWMN) last announced its earnings results on Monday, March 11th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.38. The company had revenue of $92.97 million during the quarter, compared to analysts’ expectations of $88.68 million. Bowman Consulting Group had a negative net margin of 1.96% and a positive return on equity of 5.14%. As a group, equities analysts expect that Bowman Consulting Group Ltd. will post 0.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BWMN shares. B. Riley restated a “buy” rating and set a $47.00 price target (up previously from $44.00) on shares of Bowman Consulting Group in a report on Wednesday, March 13th. Roth Mkm reissued a “buy” rating and issued a $49.00 target price on shares of Bowman Consulting Group in a research report on Monday, April 8th. TheStreet upgraded shares of Bowman Consulting Group from a “c” rating to a “b-” rating in a research note on Wednesday, February 14th. Finally, DA Davidson increased their target price on shares of Bowman Consulting Group from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $47.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its position in shares of Bowman Consulting Group by 33.7% during the 3rd quarter. FMR LLC now owns 1,761,350 shares of the company’s stock worth $49,371,000 after buying an additional 444,299 shares during the period. Summit Creek Advisors LLC raised its stake in shares of Bowman Consulting Group by 41.0% during the 3rd quarter. Summit Creek Advisors LLC now owns 264,906 shares of the company’s stock worth $7,425,000 after purchasing an additional 76,995 shares during the period. Navellier & Associates Inc. raised its stake in shares of Bowman Consulting Group by 25.2% during the 3rd quarter. Navellier & Associates Inc. now owns 14,497 shares of the company’s stock worth $406,000 after purchasing an additional 2,915 shares during the period. Millrace Asset Group Inc. lifted its position in Bowman Consulting Group by 42.3% in the third quarter. Millrace Asset Group Inc. now owns 33,827 shares of the company’s stock valued at $948,000 after purchasing an additional 10,055 shares during the last quarter. Finally, Jump Financial LLC grew its stake in Bowman Consulting Group by 7.5% in the third quarter. Jump Financial LLC now owns 12,900 shares of the company’s stock worth $362,000 after purchasing an additional 900 shares during the period. Institutional investors and hedge funds own 63.20% of the company’s stock.

Bowman Consulting Group Company Profile

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.