The CEO of Bio-Techne Corporation is Exercising Options

Yesterday it was reported that the CEO of Bio-Techne Corporation (TECHResearch Report), Charles Kummeth, exercised options to buy 7,410 TECH shares at $67.46 a share, for a total transaction value of $499.9K.

Following this transaction Charles Kummeth’s holding in the company was increased by 7.16% to a total of $21.31 million. This is Kummeth’s first transaction since reporting a Buy transaction on SPA back in November 2014

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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. The company has a one-year high of $217.16 and a one-year low of $132.75. TECH’s market cap is $7.28B and the company has a P/E ratio of 78.11.

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

The insider sentiment on Bio-Techne Corporation has been negative according to 21 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.