Insider Selling: Bowman Consulting Group (NASDAQ:BWMN) CFO Sells 10,000 Shares of Stock

Key Points

• CFO Bruce Labovitz of Bowman Consulting Group sold 10,000 shares at an average price of $42.37, amounting to a total of $423,700, reducing his ownership stake by 2.53%.
• Shares of Bowman Consulting Group are currently trading around $42.63, with recent analyst ratings showing a mix of upgrades and downgrades, including a "strong-buy" rating from Wall Street Zen.
• Institutional investors hold 63.20% of the company's stock, with significant increases in positions from firms like Pembroke Management and Polar Asset Management in recent months.

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) CFO Bruce Labovitz sold 10,000 shares of the business's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $42.37, for a total value of $423,700.00. Following the sale, the chief financial officer directly owned 385,560 shares in the company, valued at $16,336,177.20. This trade represents a 2.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Bowman Consulting Group Price Performance

Shares of NASDAQ:BWMN traded up $0.14 during trading on Tuesday, hitting $42.63. 67,439 shares of the stock were exchanged, compared to its average volume of 109,534. The company has a fifty day moving average price of $40.94 and a two-hundred day moving average price of $31.59. The company has a market cap of $735.37 million, a PE ratio of 71.05 and a beta of 1.31. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. Bowman Consulting Group Ltd. has a 12-month low of $17.90 and a 12-month high of $44.25.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BWMN. Wall Street Zen raised Bowman Consulting Group from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bowman Consulting Group in a research note on Wednesday, October 8th. Zacks Research lowered Bowman Consulting Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 7th. Finally, B. Riley upped 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 equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.17.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Pembroke Management LTD lifted its stake in shares of Bowman Consulting Group by 12.8% during the 1st quarter. Pembroke Management LTD now owns 520,519 shares of the company's stock worth $11,363,000 after purchasing an additional 59,197 shares during the period. Polar Asset Management Partners Inc. increased its holdings in shares of Bowman Consulting Group by 3.6% during the 1st quarter. Polar Asset Management Partners Inc. now owns 451,029 shares of the company's stock worth $9,846,000 after buying an additional 15,481 shares during the last quarter. Swedbank AB increased its holdings in shares of Bowman Consulting Group by 108.2% during the 2nd quarter. Swedbank AB now owns 416,492 shares of the company's stock worth $11,974,000 after buying an additional 216,492 shares during the last quarter. Summit Creek Advisors LLC increased its holdings in shares of Bowman Consulting Group by 9.3% during the 1st quarter. Summit Creek Advisors LLC now owns 408,042 shares of the company's stock worth $8,908,000 after buying an additional 34,599 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Bowman Consulting Group by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 343,015 shares of the company's stock worth $9,864,000 after buying an additional 9,073 shares during the last quarter. Hedge funds and other institutional investors own 63.20% of the company's stock.

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.

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