Insider Selling: Bowman Consulting Group Ltd. (NASDAQ:BWMN) CEO Sells 6,250 Shares of Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) CEO Gary Bowman sold 6,250 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $39.59, for a total transaction of $247,437.50. Following the completion of the transaction, the chief executive officer now owns 1,098,180 shares in the company, valued at $43,476,946.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, February 21st, Gary Bowman sold 2,500 shares of Bowman Consulting Group stock. The stock was sold at an average price of $34.45, for a total transaction of $86,125.00.
• On Monday, January 22nd, Gary Bowman sold 5,000 shares of Bowman Consulting Group stock. The stock was sold at an average price of $31.08, for a total transaction of $155,400.00.

Bowman Consulting Group Trading Down 2.5 %

Shares of NASDAQ BWMN traded down $0.90 during midday trading on Thursday, reaching $34.79. 179,504 shares of the stock were exchanged, compared to its average volume of 82,069. Bowman Consulting Group Ltd. has a 52-week low of $25.52 and a 52-week high of $42.90. The stock has a 50 day moving average price of $35.00 and a 200-day moving average price of $31.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 1.22.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BWMN shares. TheStreet upgraded shares of Bowman Consulting Group from a “c” rating to a “b-” rating in a report on Wednesday, February 14th. DA Davidson increased their target price on shares of Bowman Consulting Group from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. B. Riley reaffirmed a “buy” rating and issued a $47.00 target price (up from $44.00) on shares of Bowman Consulting Group in a research report on Wednesday, March 13th. Finally, Roth Mkm raised their price objective on shares of Bowman Consulting Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Bowman Consulting Group presently has an average rating of “Buy” and a consensus price target of $47.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Bowman Consulting Group by 5.6% during the fourth quarter. Vanguard Group Inc. now owns 517,755 shares of the company’s stock valued at $18,391,000 after buying an additional 27,301 shares in the last quarter. Polen Capital Management LLC acquired a new position in Bowman Consulting Group during the fourth quarter valued at approximately $2,010,000. Price T Rowe Associates Inc. MD lifted its position in Bowman Consulting Group by 4.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,032 shares of the company’s stock valued at $286,000 after buying an additional 364 shares in the last quarter. Barclays PLC lifted its position in Bowman Consulting Group by 283.2% during the fourth quarter. Barclays PLC now owns 18,719 shares of the company’s stock valued at $665,000 after buying an additional 13,834 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Bowman Consulting Group by 19.6% during the fourth quarter. Nuveen Asset Management LLC now owns 30,439 shares of the company’s stock valued at $1,081,000 after buying an additional 4,978 shares in the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

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.