Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) CEO Samuel Carl Davis Sells 3,914 Shares

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) CEO Samuel Carl Davis sold 3,914 shares of Bridger Aerospace Group stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $2.71, for a total value of $10,606.94. Following the completion of the sale, the chief executive officer now directly owns 468,039 shares of the company’s stock, valued at $1,268,385.69. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Samuel Carl Davis also recently made the following trade(s):

• On Monday, September 16th, Samuel Carl Davis sold 19,323 shares of Bridger Aerospace Group stock. The shares were sold at an average price of $2.56, for a total value of $49,466.88.

Bridger Aerospace Group Stock Down 1.9 %

BAER stock opened at $2.53 on Friday. Bridger Aerospace Group Holdings, Inc. has a twelve month low of $1.71 and a twelve month high of $9.19. The business’s fifty day moving average is $2.97 and its 200-day moving average is $3.89. The company 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 released 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 business had revenue of $13.01 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BAER. Rhumbline Advisers bought a new stake in Bridger Aerospace Group in the second quarter valued at approximately $36,000. Bank of New York Mellon Corp bought a new position in shares of Bridger Aerospace Group during the second quarter worth $50,000. Finally, Peterson Wealth Advisors LLC acquired a new position in shares of Bridger Aerospace Group in the 1st quarter valued at $976,000. Institutional investors own 48.94% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Canaccord Genuity Group reissued a “buy” rating and set a $5.25 price objective on shares of Bridger Aerospace Group in a report on Tuesday, August 13th. Canaccord Genuity Group initiated coverage on shares of Bridger Aerospace Group in a research note on Monday, June 24th. They set a “buy” rating and a $5.50 price target 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.