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 stock was sold at an average price of $2.58, for a total transaction of $69,494.88. Following the completion of the sale, the executive vice president now owns 844,211 shares of the company’s stock, valued at approximately $2,178,064.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Bridger Aerospace Group Stock Up 2.4 %

NASDAQ BAER opened at $2.58 on Friday. The stock has a market capitalization of $121.30 million, a PE ratio of -1.47 and a beta of -0.16. 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 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 released its quarterly earnings data on Monday, August 12th. The company reported ($0.33) earnings per share (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.

Institutional Trading of Bridger Aerospace Group

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

Analyst Upgrades and Downgrades

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

About Bridger Aerospace Group

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.