Insider Selling: Bowman Consulting Group Ltd. (NASDAQ:BWMN) Insider Sells 2,500 Shares of Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) insider Robert Alan Hickey sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total value of $56,150.00. Following the completion of the sale, the insider now directly owns 188,177 shares of the company's stock, valued at $4,226,455.42. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Bowman Consulting Group Price Performance

Shares of NASDAQ BWMN traded down $0.22 during trading on Friday, reaching $20.78. The company had a trading volume of 76,079 shares, compared to its average volume of 56,791. Bowman Consulting Group Ltd. has a twelve month low of $19.92 and a twelve month high of $42.90. The stock has a market capitalization of $364.27 million, a PE ratio of -26.30 and a beta of 1.28. The stock has a 50-day moving average price of $24.62 and a two-hundred day moving average price of $24.27. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16.

Analyst Ratings Changes

Separately, Robert W. Baird reduced their price objective on Bowman Consulting Group from $29.00 to $27.00 and set an "outperform" rating for the company in a report on Friday, November 8th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $39.70.

Hedge Funds Weigh In On Bowman Consulting Group

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new position in shares of Bowman Consulting Group in the fourth quarter worth $42,000. Quantbot Technologies LP raised its holdings in shares of Bowman Consulting Group by 115.6% in the third quarter. Quantbot Technologies LP now owns 3,893 shares of the company's stock worth $94,000 after acquiring an additional 2,087 shares during the last quarter. SG Americas Securities LLC acquired a new position in Bowman Consulting Group in the fourth quarter valued at $147,000. Wells Fargo & Company MN increased its stake in Bowman Consulting Group by 55.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,524 shares of the company's stock valued at $163,000 after purchasing an additional 2,316 shares during the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV acquired a new position in Bowman Consulting Group in the third quarter valued at $217,000. 63.20% of the stock is owned by institutional investors and hedge funds.

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.