Samuel Carl Davis Sells 3,914 Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Stock

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) CEO Samuel Carl Davis sold 3,914 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $2.71, for a total value of $10,606.94. Following the completion of the sale, the chief executive officer now directly owns 468,039 shares of the company’s stock, valued at approximately $1,268,385.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, September 16th, Samuel Carl Davis sold 19,323 shares of Bridger Aerospace Group stock. The stock was sold at an average price of $2.56, for a total value of $49,466.88.

Bridger Aerospace Group Stock Performance

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

Bridger Aerospace Group (NASDAQ:BAER) last released its 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 company had revenue of $13.01 million for the quarter.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BAER. Rhumbline Advisers bought a new position in Bridger Aerospace Group in the 2nd quarter worth $36,000. Bank of New York Mellon Corp bought a new position in Bridger Aerospace Group in the second quarter worth about $50,000. Finally, Peterson Wealth Advisors LLC purchased a new stake in Bridger Aerospace Group in the first quarter worth about $976,000. Hedge funds and other institutional investors 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.