SVP/General Counsel Hopson Preston III sold 5,000 TTEK shares at $233.07; holdings reduced 36.4% to 8,742 shares
Hopson Preston III, serving as SVP and General Counsel, sold 5,000 shares of TETRA TECH INC at $233.07 on 2024-08-07, reducing his direct holdings by 36.4% from 13,742 shares to 8,742 shares. The sale occurred when the stock was trading near its 52-week high of $46.50 (current price $46.35, -0.3% from peak), and the company is showing strong fundamentals with annual revenue growth of +29.1%, a P/E of 8.54, and recent quarterly revenue of $1,344,323,000.00 with net income of $85,824,000.00. The material reduction in his stake—eliminating one-third of holdings in a single transaction at an elevated valuation—represents a significant change in his ownership position that warrants investor attention, though the underlying business momentum and low valuation multiple provide contextual backdrop for the transaction.