Insider Sell: COO Michael Bruen Sells 5,000 Shares of Bowman Consulting Group Ltd (BWMN)
Michael Bruen, Chief Operating Officer of Bowman Consulting Group Ltd (NASDAQ:BWMN), sold 5,000 shares of the company on February 14, 2024, according to a SEC Filing. The transaction was executed at a price of $35.57 per share, resulting in a total sale amount of $177,850.
Bowman Consulting Group Ltd provides professional land surveying, construction management, and other technical services to a wide range of markets, including real estate, energy, and government clients. The company's expertise spans across civil engineering, planning, landscape architecture, surveying, environmental consulting, and other related services.
Over the past year, the insider has sold a total of 64,500 shares and has not made any purchases of the company's stock. The recent sale by the insider is part of a broader trend observed over the past year, where there have been no insider buys and 35 insider sells for Bowman Consulting Group Ltd.
On the day of the insider's recent sale, shares of Bowman Consulting Group Ltd were trading at $35.57, giving the company a market cap of $544.049 million.
The stock's price-earnings ratio stands at 372.10, which is significantly above both the industry median of 15.13 and the company's historical median price-earnings ratio.
With the current share price of $35.57 and a GuruFocus Value of $26.23, Bowman Consulting Group Ltd has a price-to-GF-Value ratio of 1.36, indicating that the stock is considered Significantly Overvalued based on its GF Value.
The GF Value is calculated by GuruFocus and takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates provided by Morningstar analysts.
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.
