Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) CFO Eric L. Gerratt Sells 18,731 Shares

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) CFO Eric L. Gerratt sold 18,731 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.59, for a total transaction of $48,513.29. Following the sale, the chief financial officer now owns 481,269 shares in the company, valued at $1,246,486.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Bridger Aerospace Group Stock Performance

Shares of BAER opened at $2.53 on Friday. Bridger Aerospace Group Holdings, Inc. has a 1 year low of $1.71 and a 1 year high of $9.19. The stock has a market capitalization of $118.95 million, a PE ratio of -1.45 and a beta of -0.16. The stock has a 50-day simple moving average of $2.97 and a 200-day simple moving average of $3.89.

Bridger Aerospace Group (NASDAQ:BAER) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.08). The company had revenue of $13.01 million for the quarter.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Bridger Aerospace Group

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