Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) CFO Sells $48,513.29 in Stock

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) CFO Eric L. Gerratt sold 18,731 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.59, for a total value of $48,513.29. Following the completion of the sale, the chief financial officer now directly owns 481,269 shares of the company’s stock, valued at approximately $1,246,486.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bridger Aerospace Group Stock Performance

BAER opened at $2.53 on Friday. The stock has a market capitalization of $118.95 million, a PE ratio of -1.45 and a beta of -0.16. Bridger Aerospace Group Holdings, Inc. has a one year low of $1.71 and a one year high of $9.19. The business’s 50 day moving average price is $2.97 and its 200 day moving average price is $3.89.

Bridger Aerospace Group (NASDAQ:BAER) last announced its quarterly 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 firm had revenue of $13.01 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers acquired a new position in shares of Bridger Aerospace Group in the 2nd quarter worth approximately $36,000. Bank of New York Mellon Corp acquired a new stake in Bridger Aerospace Group in the 2nd quarter valued at approximately $50,000. Finally, Peterson Wealth Advisors LLC purchased a new stake in Bridger Aerospace Group in the first quarter valued at approximately $976,000. Hedge funds and other institutional investors own 48.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BAER shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $5.25 target price on shares of Bridger Aerospace Group in a research note on Tuesday, August 13th. Canaccord Genuity Group began coverage on shares of Bridger Aerospace Group in a report on Monday, June 24th. They issued a “buy” rating and a $5.50 price objective 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.