Insider Sell: COO Michael Bruen Sells 5,000 Shares of Bowman Consulting Group Ltd (BWMN)
Bowman Consulting Group Ltd (NASDAQ:BWMN), a professional services firm delivering innovative engineering solutions to customers who own, develop, and maintain the built environment, has reported an insider sell according to a recent SEC filing. COO Michael Bruen sold 5,000 shares of the company on March 5, 2024.Michael Bruen, the insider, has been active in the market over the past year, selling a total of 69,500 shares and making no purchases of the company's stock during that time. This latest transaction continues the trend observed in the insider transaction history for Bowman Consulting Group Ltd, which has seen 37 insider sells and no insider buys over the past year.
On the date of the insider's recent sell, shares of Bowman Consulting Group Ltd were trading at $33.52, resulting in a market cap of $500.542 million. The company's price-earnings ratio stands at 343.30, significantly exceeding both the industry median of 15.17 and the historical median price-earnings ratio for the company.Bowman Consulting Group Ltd's stock appears to be Significantly Overvalued when considering the price-to-GF-Value ratio of 1.29, with a GF Value of $26.00 compared to the trading price of $33.52.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.The recent insider sell by COO Michael Bruen may provide investors with additional data points to consider when evaluating their investment in Bowman Consulting Group Ltd (NASDAQ:BWMN).
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
