What Did This CEO Just Do with Personal Shares of Tetra Tech (NASDAQ: TTEK)?

By Carrie Williams

Today, the COB, CEO & Pres of Tetra Tech (TTEKResearch Report), Dan Batrack, sold shares of TTEK for $6.89M.

Following Dan Batrack’s last TTEK Sell transaction on November 16, 2018, the stock climbed by 8.7%. In addition to Dan Batrack, one other TTEK executive reported Sell trades in the last month.

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Based on Tetra Tech’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $723 million and quarterly net profit of $55.91 million. In comparison, last year the company earned revenue of $700 million and had a net profit of $28.73 million. TTEK’s market cap is $3.98B and the company has a P/E ratio of 25.90. Currently, Tetra Tech has an average volume of 223.9K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $80.67, reflecting a 9.5% upside.

The insider sentiment on Tetra Tech has been negative according to 69 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Tetra Tech, Inc. engages in the provision of consulting and engineering services. It operates through the following segments: Government Services Group (GSG); Commercial and International Services Group (CIG); and Remediation and Construction Management (RCM).