On September 10, 2024, Leslie Shoemaker, Executive Vice President and Chief Sustainability Officer, sold 78,420 shares of Tetra Tech Inc (NASDAQ:TTEK) as reported in a recent SEC Filing. Following this transaction, the insider now owns 296,015 shares of the company.
Tetra Tech Inc specializes in providing consulting and engineering services in the areas of water, environment, infrastructure, resource management, energy, and international development. The company operates globally, offering solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development.
Over the past year, Leslie Shoemaker has sold a total of 89,581 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend at Tetra Tech Inc, where there have been 20 insider sells and no insider buys over the past year.
On the day of the sale, shares of Tetra Tech Inc were trading at $46.11. This pricing gives the company a market cap of approximately $12.33 billion. The price-earnings ratio of the company stands at 42.57, significantly above both the industry median of 15.155 and the company's historical median.
According to the GF Value, which is an intrinsic value estimate used by GuruFocus, Tetra Tech Inc is currently modestly overvalued with a price-to-GF-Value ratio of 1.26. The GF Value of $36.67 is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors as they evaluate the current valuation and future prospects of Tetra Tech Inc in the context of its recent stock performance and insider trading trends.
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.
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