Insider Selling: Bowman Consulting Group Ltd. (NASDAQ:BWMN) Insider Sells 1,444 Shares of Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) insider Robert Alan Hickey sold 1,444 shares of Bowman Consulting Group stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $22.09, for a total transaction of $31,897.96. Following the sale, the insider now directly owns 196,888 shares of the company’s stock, valued at $4,349,255.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Robert Alan Hickey also recently made the following trade(s):

• On Monday, August 19th, Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock. The stock was sold at an average price of $23.07, for a total value of $57,675.00.

Bowman Consulting Group Stock Performance

BWMN stock traded down $0.26 during trading on Tuesday, reaching $21.09. The company had a trading volume of 70,853 shares, compared to its average volume of 96,406. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.26 and a current ratio of 1.26. Bowman Consulting Group Ltd. has a twelve month low of $21.02 and a twelve month high of $42.90. The company has a market cap of $372.60 million, a price-to-earnings ratio of -31.48 and a beta of 1.09. The firm has a 50-day simple moving average of $23.27 and a 200-day simple moving average of $28.79.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The company had revenue of $104.50 million for the quarter, compared to analysts’ expectations of $113.01 million. Bowman Consulting Group had a negative net margin of 2.67% and a positive return on equity of 4.40%. As a group, sell-side analysts expect that Bowman Consulting Group Ltd. will post -0.36 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Robert W. Baird reduced their price target on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Roth Mkm cut their price target on Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $40.10.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Norden Group LLC acquired a new position in Bowman Consulting Group in the 1st quarter worth approximately $207,000. Russell Investments Group Ltd. raised its stake in shares of Bowman Consulting Group by 33.8% during the 1st quarter. Russell Investments Group Ltd. now owns 66,348 shares of the company’s stock valued at $2,308,000 after buying an additional 16,761 shares during the last quarter. Vanguard Group Inc. boosted its position in Bowman Consulting Group by 28.0% in the 1st quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock worth $23,056,000 after purchasing an additional 144,978 shares in the last quarter. Summit Creek Advisors LLC boosted its holdings in Bowman Consulting Group by 19.0% during the first quarter. Summit Creek Advisors LLC now owns 300,253 shares of the company’s stock worth $10,446,000 after buying an additional 47,844 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Bowman Consulting Group in the first quarter valued at $620,000. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

About Bowman Consulting Group

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.