Patricia Mulroy sells $37,415 of Bowman Consulting stock
Patricia Mulroy, a Bowman Consulting Group director, divested $37,415 worth of company shares on August 10, 2026. The sale involved 883 shares, each purchased at $42.373. The transaction complied with a pre-established Rule 10b5-1 trading plan enacted on March 13, 2026. This plan facilitated the sale of Bowman Consulting shares between June and August 2026.
The company's stock has appreciated 55% in the past week and 28% year-to-date, nearing its 52-week high of $45.83. Despite this robust performance, InvestingPro's analysis indicates Bowman Consulting's stock is potentially undervalued, with a Fair Value estimate surpassing the current level. The company trades at a high P/E ratio of 99.79.
Post-transaction, Mulroy still owns 26,330 shares of Bowman Consulting Group Ltd. Each share trades for $43 following a definitive agreement for acquisition by Bernhard Capital Partners, signifying a substantial premium on previous prices. Following the acquisition announcement, brokerage firms downgraded Bowman Consulting's rating to Neutral or Hold, citing limited upside potential.
Bowman Consulting also secured lucrative contracts, including $11.2 million for aerial imaging data and over $4 million in mining-related services, demonstrating ongoing growth prospects.
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