Samuel Carl Davis Sells 19,323 Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Stock

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) CEO Samuel Carl Davis sold 19,323 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $2.56, for a total value of $49,466.88. Following the sale, the chief executive officer now directly owns 474,352 shares in the company, valued at approximately $1,214,341.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, September 18th, Samuel Carl Davis sold 3,914 shares of Bridger Aerospace Group stock. The stock was sold at an average price of $2.71, for a total value of $10,606.94.

Bridger Aerospace Group Trading Up 2.4 %

BAER opened at $2.58 on Friday. The company’s 50 day moving average is $3.00 and its 200-day moving average is $3.91. The company has a market cap of $121.30 million, a P/E ratio of -1.47 and a beta of -0.16. Bridger Aerospace Group Holdings, Inc. has a 1-year low of $1.71 and a 1-year high of $9.19.

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 analysts’ consensus estimates of ($0.25) by ($0.08). The firm had revenue of $13.01 million during the quarter.

Institutional Trading of Bridger Aerospace Group

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

Analyst Upgrades and Downgrades

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

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.