Insider Selling: Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) CFO Sells 18,731 Shares of Stock

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) CFO Eric L. Gerratt sold 18,731 shares of Bridger Aerospace Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $2.59, for a total value of $48,513.29. Following the transaction, the chief financial officer now owns 481,269 shares in the company, valued at approximately $1,246,486.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Bridger Aerospace Group Trading Down 3.4 %

Shares of NASDAQ:BAER traded down $0.09 during trading on Wednesday, hitting $2.52. 154,188 shares of the stock were exchanged, compared to its average volume of 44,944. Bridger Aerospace Group Holdings, Inc. has a 12-month low of $1.71 and a 12-month high of $9.19. The company has a market cap of $118.48 million, a PE ratio of -1.44 and a beta of -0.16. The company has a fifty day moving average price of $3.00 and a two-hundred day moving average price of $3.91.

Bridger Aerospace Group (NASDAQ:BAER) last posted 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 business had revenue of $13.01 million during the quarter.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Rhumbline Advisers bought a new stake in Bridger Aerospace Group in the second quarter worth about $36,000. Bank of New York Mellon Corp acquired a new stake in Bridger Aerospace Group during the 2nd quarter valued at $50,000. Finally, Peterson Wealth Advisors LLC purchased a new stake in Bridger Aerospace Group in the 1st quarter worth about $976,000. Institutional investors and hedge funds own 48.94% of the company’s stock.

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.