Insider Selling: Bowman Consulting Group Ltd. (NASDAQ:BWMN) CEO Sells $195,687.50 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) CEO Gary Bowman sold 6,250 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $31.31, for a total value of $195,687.50. Following the completion of the sale, the chief executive officer now directly owns 937,252 shares in the company, valued at $29,345,360.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, April 24th, Gary Bowman sold 3,750 shares of Bowman Consulting Group stock. The stock was sold at an average price of $31.72, for a total value of $118,950.00.
• On Monday, April 1st, Gary Bowman sold 114,705 shares of Bowman Consulting Group stock. The shares were sold at an average price of $34.00, for a total value of $3,899,970.00.

Bowman Consulting Group Trading Up 0.5 %

NASDAQ:BWMN opened at $31.79 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.16. Bowman Consulting Group Ltd. has a 1-year low of $25.52 and a 1-year high of $42.90. The firm has a market capitalization of $561.73 million, a price-to-earnings ratio of -47.45 and a beta of 1.17. The stock has a fifty day simple moving average of $31.61 and a 200 day simple moving average of $33.17.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings results on Monday, May 6th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.18. Bowman Consulting Group had a positive return on equity of 5.63% and a negative net margin of 2.43%. The business had revenue of $94.91 million during the quarter, compared to analyst estimates of $93.51 million. Sell-side analysts forecast that Bowman Consulting Group Ltd. will post 0.09 earnings per share for the current year.

Hedge Funds Weigh In On Bowman Consulting Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Byrne Asset Management LLC purchased a new stake in Bowman Consulting Group in the 1st quarter worth about $33,000. Norden Group LLC purchased a new stake in Bowman Consulting Group in the 1st quarter worth about $207,000. Kestra Advisory Services LLC purchased a new stake in Bowman Consulting Group in the 3rd quarter worth about $208,000. NBC Securities Inc. purchased a new stake in Bowman Consulting Group in the 4th quarter worth about $214,000. Finally, Virtu Financial LLC purchased a new stake in Bowman Consulting Group in the 1st quarter worth about $226,000. Institutional investors and hedge funds own 63.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BWMN. Robert W. Baird began coverage on Bowman Consulting Group in a report on Monday, June 3rd. They set an “outperform” rating and a $37.00 price target on the stock. Bank of America assumed coverage on Bowman Consulting Group in a research note on Friday, May 24th. They set a “buy” rating and a $36.50 target price for the company. Baird R W raised Bowman Consulting Group to a “strong-buy” rating in a research note on Monday, June 3rd. B. Riley reaffirmed a “buy” rating and set a $47.00 target price (up previously from $44.00) on shares of Bowman Consulting Group in a research note on Wednesday, March 13th. Finally, Roth Mkm decreased their target price on Bowman Consulting Group from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Bowman Consulting Group has an average rating of “Buy” and a consensus target price of $42.50.

About Bowman Consulting Group

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.