Bowman Consulting Group Ltd. (NASDAQ:BWMN) Insider Sells $56,150.00 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) insider Robert Alan Hickey sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total transaction of $56,150.00. Following the transaction, the insider now directly owns 188,177 shares of the company’s stock, valued at approximately $4,226,455.42. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Bowman Consulting Group Trading Down 1.7 %

NASDAQ:BWMN opened at $21.90 on Thursday. The company has a 50-day moving average price of $24.90 and a 200-day moving average price of $24.36. The stock has a market cap of $383.91 million, a price-to-earnings ratio of -27.72 and a beta of 1.28. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. Bowman Consulting Group Ltd. has a 12 month low of $19.92 and a 12 month high of $42.90.

Institutional Trading of Bowman Consulting Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its position in Bowman Consulting Group by 5.0% during the third quarter. FMR LLC now owns 2,730,755 shares of the company’s stock valued at $65,757,000 after buying an additional 128,981 shares during the period. Vanguard Group Inc. lifted its position in Bowman Consulting Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 800,748 shares of the company’s stock valued at $19,979,000 after acquiring an additional 13,198 shares during the period. Pembroke Management LTD boosted its stake in Bowman Consulting Group by 10.0% during the third quarter. Pembroke Management LTD now owns 711,648 shares of the company’s stock worth $17,136,000 after acquiring an additional 64,617 shares in the last quarter. Polar Asset Management Partners Inc. grew its holdings in Bowman Consulting Group by 16.3% in the third quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company’s stock worth $11,627,000 after purchasing an additional 67,708 shares during the period. Finally, Summit Creek Advisors LLC increased its stake in shares of Bowman Consulting Group by 14.3% during the fourth quarter. Summit Creek Advisors LLC now owns 373,443 shares of the company’s stock valued at $9,317,000 after purchasing an additional 46,816 shares in the last quarter. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lowered their price target on Bowman Consulting Group from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $39.70.

Bowman Consulting Group Company Profile

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.