Insider Selling: Bowman Consulting Group (NASDAQ:BWMN) CEO Sells 12,500 Shares of Stock

Key Points

• Gary Bowman, the CEO of Bowman Consulting Group, sold 12,500 shares of stock on October 22nd for a total value of $528,375, decreasing his ownership by 1.36% and retaining 906,524 shares valued at over $38 million.
• The stock of Bowman Consulting Group traded up by 1.5% recently, reaching $44.05, while the company has seen a significant market cap of approximately $759.91 million.
• Several analysts have recently revised their ratings for Bowman Consulting Group, with Zacks Research downgrading to a "hold" rating, whereas B. Riley raised their target price to $55.00 and maintained a "buy" rating.

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) CEO Gary Bowman sold 12,500 shares of the company's stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $42.27, for a total value of $528,375.00. Following the sale, the chief executive officer owned 906,524 shares of the company's stock, valued at $38,318,769.48. The trade was a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Gary Bowman also recently made the following trade(s):

• On Wednesday, October 22nd, Gary Bowman sold 7,500 shares of Bowman Consulting Group stock. The shares were sold at an average price of $42.27, for a total value of $317,025.00.
• On Wednesday, September 24th, Gary Bowman sold 7,500 shares of Bowman Consulting Group stock. The shares were sold at an average price of $42.39, for a total value of $317,925.00.
• On Wednesday, September 24th, Gary Bowman sold 12,500 shares of Bowman Consulting Group stock. The shares were sold at an average price of $42.39, for a total value of $529,875.00.

Bowman Consulting Group Trading Up 1.5%

NASDAQ BWMN traded up $0.65 on Friday, reaching $44.05. The company had a trading volume of 100,573 shares, compared to its average volume of 108,681. The firm has a market cap of $759.91 million, a price-to-earnings ratio of 73.42 and a beta of 1.31. Bowman Consulting Group Ltd. has a fifty-two week low of $17.90 and a fifty-two week high of $44.54. The business has a 50 day moving average of $41.90 and a two-hundred day moving average of $32.64. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 1.26.

Analysts Set New Price Targets

A number of brokerages have weighed in on BWMN. Weiss Ratings reiterated a "hold (c)" rating on shares of Bowman Consulting Group in a report on Friday. Zacks Research downgraded Bowman Consulting Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 7th. Wall Street Zen upgraded Bowman Consulting Group from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, B. Riley raised their target price on Bowman Consulting Group from $43.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Bowman Consulting Group currently has an average rating of "Moderate Buy" and an average target price of $38.17.

Hedge Funds Weigh In On Bowman Consulting Group

Hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new position in shares of Bowman Consulting Group during the 3rd quarter worth approximately $40,000. Ameritas Investment Partners Inc. raised its holdings in shares of Bowman Consulting Group by 28.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,435 shares of the company's stock worth $41,000 after purchasing an additional 317 shares during the period. Brooklyn Investment Group bought a new stake in shares of Bowman Consulting Group in the 1st quarter worth approximately $45,000. Tower Research Capital LLC TRC raised its holdings in shares of Bowman Consulting Group by 244.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company's stock worth $66,000 after purchasing an additional 1,633 shares during the period. Finally, AlphaQuest LLC bought a new stake in shares of Bowman Consulting Group in the 2nd quarter worth approximately $103,000. Institutional investors own 63.20% of the company's stock.

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.

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