Azenta EVP Lin buys $69,900 in shares

Published 12/08/2025, 21:12
Azenta EVP Lin buys $69,900 in shares

Azenta, Inc. (NASDAQ:AZTA) EVP, CFO and Treasurer Lawrence Y. Lin, acquired 2,500 shares of company stock on August 11, 2025, according to a new Form 4 filing with the Securities and Exchange Commission. This insider purchase comes as the stock trades at $29.21, down 44% year-to-date, with the company’s market capitalization standing at $1.34 billion.

The shares were purchased at a price of $27.96, for a total transaction value of $69,900. Following the transaction, Lin directly owns 46,013 shares of Azenta. According to InvestingPro analysis, while management has been actively buying shares, the stock currently trades above its Fair Value. InvestingPro subscribers can access 10 additional key insights and a comprehensive Pro Research Report for deeper analysis of Azenta’s financial health and valuation metrics.

In other recent news, Azenta Inc. reported its third-quarter 2025 earnings, exceeding analysts’ expectations with a non-GAAP earnings per share of $0.19, which was 46.15% higher than the forecasted $0.13. However, the company faced a revenue shortfall, reporting $144 million compared to the anticipated $149.51 million. Despite the earnings per share beat, the revenue miss raised concerns among investors. Additionally, Raymond (NSE:RYMD) James upgraded Azenta from Market Perform to Outperform, setting a price target of $35.00. The upgrade was attributed to margin improvements and the belief that the stock might have reached a potential bottom at current levels. These developments are part of the company’s recent financial activities and market positioning.

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