A Director at Bio-Techne Corporation (NASDAQ: TECH) is Buying Shares

Today, a Director at Bio-Techne Corporation (TECHResearch Report), Robert Baumgartner, bought shares of TECH for $95.53K.

Following Robert Baumgartner’s last TECH Buy transaction on August 28, 2018, the stock climbed by 8.3%. This recent transaction increases Robert Baumgartner’s holding in the company by 6.08% to a total of $1.71 million.

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Based on Bio-Techne Corporation’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $192 million and quarterly net profit of $16.46 million. In comparison, last year the company earned revenue of $180 million and had a net profit of $40.86 million. TECH’s market cap is $7.41B and the company has a P/E ratio of 79.26. Currently, Bio-Techne Corporation has an average volume of 97.97K.

Starting in February 2019, TECH received 4 Buy ratings in a row.

The insider sentiment on Bio-Techne Corporation has been negative according to 20 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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Bio-Techne Corp. engages in the development, manufacture and sale of biotechnology reagents and instruments for the research and clinical diagnostic markets. It operates through the following segments: Biotechnology, Protein Platforms, Diagnostics, and Corporate.