Bridger Aerospace Group Holdings Executive Chairman Acquires 18% More Stock
Potential Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) shareholders may wish to note that the Executive Chairman, Jeffrey Kelter, recently bought US$354k worth of stock, paying US$1.18 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 18%.
Bridger Aerospace Group Holdings Insider Transactions Over The Last Year
In fact, the recent purchase by Executive Chairman Jeffrey Kelter was not their only acquisition of Bridger Aerospace Group Holdings shares this year. They previously made an even bigger purchase of US$540k worth of shares at a price of US$1.80 per share. That means that an insider was happy to buy shares at above the current price of US$1.22. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Jeffrey Kelter was the only individual insider to buy during the last year.
Jeffrey Kelter bought 600.00k shares over the last 12 months at an average price of US$1.49. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Bridger Aerospace Group Holdings
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership Of Bridger Aerospace Group Holdings
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 15% of Bridger Aerospace Group Holdings shares, worth about US$11m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Bridger Aerospace Group Holdings Tell Us?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Bridger Aerospace Group Holdings shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Our analysis shows 4 warning signs for Bridger Aerospace Group Holdings (1 is a bit concerning!) and we strongly recommend you look at these before investing.
But note: Bridger Aerospace Group Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.