Insider Selling: Bowman Consulting Group Ltd. (NASDAQ:BWMN) COO Sells 5,000 Shares of Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) COO Michael Bruen sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $32.45, for a total transaction of $162,250.00. Following the transaction, the chief operating officer now directly owns 409,310 shares in the company, valued at $13,282,109.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Michael Bruen also recently made the following trade(s):

• On Monday, April 1st, Michael Bruen sold 11,764 shares of Bowman Consulting Group stock. The stock was sold at an average price of $34.00, for a total transaction of $399,976.00.
• On Tuesday, March 5th, Michael Bruen sold 5,000 shares of Bowman Consulting Group stock. The stock was sold at an average price of $33.52, for a total transaction of $167,600.00.
• On Wednesday, February 14th, Michael Bruen sold 5,000 shares of Bowman Consulting Group stock. The stock was sold at an average price of $35.57, for a total transaction of $177,850.00.

Bowman Consulting Group Price Performance

Shares of NASDAQ:BWMN traded down $0.53 during midday trading on Friday, hitting $31.21. The stock had a trading volume of 113,828 shares, compared to its average volume of 88,226. The company’s 50-day moving average price is $35.36 and its 200-day moving average price is $32.04. The company has a market capitalization of $478.76 million, a P/E ratio of -60.02 and a beta of 1.19. Bowman Consulting Group Ltd. has a fifty-two week low of $25.52 and a fifty-two week high of $42.90. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.17.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings data on Monday, March 11th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.38. Bowman Consulting Group had a negative net margin of 1.96% and a positive return on equity of 5.14%. The business had revenue of $92.97 million during the quarter, compared to analysts’ expectations of $88.68 million. As a group, equities research analysts predict that Bowman Consulting Group Ltd. will post 0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Bowman Consulting Group

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

Analysts Set New Price Targets

A number of equities analysts recently commented on BWMN shares. Roth Mkm reaffirmed a “buy” rating and set a $49.00 price target on shares of Bowman Consulting Group in a research report on Monday. B. Riley restated 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. TheStreet upgraded shares of Bowman Consulting Group from a “c” rating to a “b-” rating in a research report on Wednesday, February 14th. Finally, DA Davidson boosted 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. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $47.00.

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.