Bowman Consulting Group Ltd. reported an insider sale by Chief Executive Officer Gary Bowman, who disposed of 20,000 shares of the company’s common stock on January 21, 2026, at a per-share price of $35.37, according to a Form 4 filing with the Securities and Exchange Commission.
The disposition produced total proceeds of $707,400 and was carried out under a Rule 10b5-1 trading arrangement that Mr. Bowman adopted on June 6, 2025. Under the transaction details disclosed, 12,500 shares were sold directly by Mr. Bowman, while a further 7,500 shares were sold indirectly through Bowman Family Asset Management LLC, an estate planning vehicle for which Mr. Bowman is the manager.
Following these sales, Mr. Bowman retains substantial holdings in the company: 879,943 shares held directly and 1,368,338 shares held indirectly. The 10b5-1 plan authorizes additional sales on a scheduled basis - permitting Mr. Bowman to sell up to 112,500 shares and Bowman Family Asset Management LLC to sell up to 67,500 shares during the period from September 2025 through September 2026.
Financially, Bowman Consulting is presented in the filing as an engineering services firm with strong margins and recent growth. The company’s gross profit margin is reported at 52.89%, and revenue has increased by 16.73% over the trailing twelve months, figures that highlight its recent operating performance.
In parallel with the insider transaction, Bowman Consulting has announced a string of contract wins across multiple U.S. municipalities and watersheds. The company secured a $30 million engagement to lead final design and permitting services for the Central Road flood control project in Cook County, Illinois. In Pennsylvania, Bowman won a $3.7 million contract to design Americans with Disabilities Act-compliant curb ramps at 1,200 corners in Philadelphia, which the company identifies as its largest ADA design contract in the state.
On the West Coast, Bowman was awarded a $7 million contract to design a habitat restoration project in the Fauntleroy Creek watershed in Seattle, focused on improving salmon passage and addressing flood mitigation. Additionally, the firm has taken on two new assignments in Aurora, Colorado, for roadway design and site planning in a residential duplex neighborhood.
From an analyst standpoint, JPMorgan has initiated coverage of Bowman Consulting with a Neutral rating and set a $40 price target, signaling the bank’s initial view of the company’s risk-reward profile.
These developments - the insider sale executed under a pre-established trading plan, the company’s reported margin and revenue metrics, the suite of recent contract awards, and the newly initiated analyst coverage - together paint a snapshot of Bowman Consulting’s recent activity. The filings detail the mechanics and limits of the scheduled insider selling, while company announcements outline expanding project work across multiple states.
Key points
- CEO Gary Bowman sold 20,000 shares on January 21, 2026, at $35.37 per share, totaling $707,400.
- The sale was executed under a Rule 10b5-1 trading plan adopted June 6, 2025; additional sales are permitted through September 2026.
- Bowman Consulting reports a 52.89% gross profit margin and 16.73% revenue growth over the last twelve months, and has secured multiple infrastructure and restoration contracts across the U.S.
Risks and uncertainties
- Scheduled sales under the Rule 10b5-1 plan allow for further insider dispositions through September 2026, which could result in additional insider selling activity.
- Analyst coverage has just been initiated with a Neutral rating and a $40 price target, indicating a balanced or cautious assessment from at least one broker.
- While multiple contracts have been announced, the filing and announcements do not specify timing or direct financial impact on near-term earnings.