James J. Muchmore Sells 26,936 Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Stock

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) EVP James J. Muchmore sold 26,936 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.58, for a total value of $69,494.88. Following the sale, the executive vice president now owns 844,211 shares of the company’s stock, valued at approximately $2,178,064.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Bridger Aerospace Group Stock Up 2.4 %

Bridger Aerospace Group stock opened at $2.58 on Friday. Bridger Aerospace Group Holdings, Inc. has a 12 month low of $1.71 and a 12 month high of $9.19. The stock has a market cap of $121.30 million, a price-to-earnings ratio of -1.47 and a beta of -0.16. The business has a 50 day moving average price of $3.00 and a two-hundred day moving average price of $3.91.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Bridger Aerospace Group

Several institutional investors have recently made changes to their positions in the business. Peterson Wealth Advisors LLC acquired a new position in Bridger Aerospace Group in the first quarter worth about $976,000. Bank of New York Mellon Corp bought a new stake in shares of Bridger Aerospace Group in the 2nd quarter valued at approximately $50,000. Finally, Rhumbline Advisers acquired a new position in shares of Bridger Aerospace Group in the 2nd quarter worth approximately $36,000. 48.94% of the stock is currently owned by institutional investors and hedge funds.

Bridger Aerospace Group Company Profile

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.