Eric L. Gerratt Sells 8,808 Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Stock

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) CFO Eric L. Gerratt sold 8,808 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $2.69, for a total value of $23,693.52. Following the sale, the chief financial officer now owns 469,463 shares of the company’s stock, valued at approximately $1,262,855.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bridger Aerospace Group Stock Performance

NASDAQ BAER opened at $2.58 on Friday. The business’s 50 day moving average price is $3.00 and its 200-day moving average price 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 fifty-two week low of $1.71 and a fifty-two week high of $9.19.

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 business had revenue of $13.01 million for the quarter.

Institutional Investors Weigh In On Bridger Aerospace Group

A number of hedge funds and other institutional investors have recently bought and sold shares of BAER. Rhumbline Advisers purchased a new stake in Bridger Aerospace Group during the 2nd quarter worth approximately $36,000. Bank of New York Mellon Corp purchased a new position in shares of Bridger Aerospace Group during the 2nd quarter valued at about $50,000. Finally, Peterson Wealth Advisors LLC acquired a new position in Bridger Aerospace Group in the first quarter valued at approximately $976,000. Hedge funds and other institutional investors own 48.94% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.