Insider Selling: Bowman Consulting Group Ltd. (NASDAQ:BWMN) Insider Sells $31,897.96 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) insider Robert Alan Hickey sold 1,444 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $22.09, for a total value of $31,897.96. Following the transaction, the insider now owns 196,888 shares of the company’s stock, valued at approximately $4,349,255.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Robert Alan Hickey also recently made the following trade(s):

• On Monday, August 19th, Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock. The stock was sold at an average price of $23.07, for a total transaction of $57,675.00.

Bowman Consulting Group Stock Performance

NASDAQ BWMN opened at $20.38 on Friday. The firm’s fifty day moving average price is $23.22 and its two-hundred day moving average price is $28.66. Bowman Consulting Group Ltd. has a 1 year low of $20.35 and a 1 year high of $42.90. The firm has a market capitalization of $360.05 million, a P/E ratio of -30.67 and a beta of 1.09. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18.

Bowman Consulting Group (NASDAQ:BWMN) last issued its earnings results on Tuesday, August 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.10). The firm had revenue of $104.50 million during the quarter, compared to analyst estimates of $113.01 million. Bowman Consulting Group had a negative net margin of 2.67% and a positive return on equity of 4.40%. As a group, research analysts anticipate that Bowman Consulting Group Ltd. will post -0.36 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Roth Mkm reduced their target price on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Robert W. Baird cut their price target on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Five 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, the stock currently has a consensus rating of “Buy” and an average price target of $40.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norden Group LLC bought a new stake in Bowman Consulting Group in the 1st quarter valued at $207,000. Russell Investments Group Ltd. raised its position in shares of Bowman Consulting Group by 33.8% in the first quarter. Russell Investments Group Ltd. now owns 66,348 shares of the company’s stock valued at $2,308,000 after purchasing an additional 16,761 shares during the period. Vanguard Group Inc. lifted its stake in shares of Bowman Consulting Group by 28.0% during the 1st quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock worth $23,056,000 after buying an additional 144,978 shares during the last quarter. Summit Creek Advisors LLC boosted its holdings in shares of Bowman Consulting Group by 19.0% during the 1st quarter. Summit Creek Advisors LLC now owns 300,253 shares of the company’s stock worth $10,446,000 after buying an additional 47,844 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Bowman Consulting Group in the 1st quarter valued at about $620,000. 63.20% of the stock is currently owned by institutional investors.

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.