Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Bryan Rishe sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $28.29, for a total value of $42,435.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Bryan Rishe also recently made the following trade(s):

  • On Thursday, July 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $30.41, for a total value of $45,615.00.
  • On Monday, July 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $28.44, for a total value of $42,660.00.
  • On Monday, June 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $26.45, for a total value of $39,675.00.

Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) traded up 4.54% on Monday, hitting $29.68. The stock had a trading volume of 107,877 shares. Tactile Systems Technology, Inc. has a one year low of $12.17 and a one year high of $31.49. The stock has a market cap of $502.78 million and a PE ratio of 267.39. The company’s 50 day moving average is $28.57 and its 200 day moving average is $21.57.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings results on Monday, May 8th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.05. The business had revenue of $19.85 million for the quarter, compared to analyst estimates of $16.17 million. Tactile Systems Technology had a net margin of 2.24% and a return on equity of 4.82%. The company’s quarterly revenue was up 44.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.45) earnings per share. Equities research analysts predict that Tactile Systems Technology, Inc. will post $0.13 EPS for the current fiscal year.

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TCMD has been the topic of several recent research reports. Zacks Investment Research upgraded Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Saturday, June 10th. ValuEngine upgraded Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Tactile Systems Technology has a consensus rating of “Buy” and a consensus price target of $24.25.

Several hedge funds have recently added to or reduced their stakes in TCMD. Bank of Montreal Can acquired a new stake in Tactile Systems Technology during the second quarter valued at approximately $146,000. Bank of America Corp DE raised its stake in Tactile Systems Technology by 1,118.5% in the first quarter. Bank of America Corp DE now owns 6,982 shares of the company’s stock valued at $133,000 after buying an additional 6,409 shares in the last quarter. Rhumbline Advisers acquired a new stake in Tactile Systems Technology during the second quarter valued at approximately $267,000. Trexquant Investment LP acquired a new stake in Tactile Systems Technology during the first quarter valued at approximately $224,000. Finally, Bank of New York Mellon Corp raised its stake in Tactile Systems Technology by 33.7% in the first quarter. Bank of New York Mellon Corp now owns 13,805 shares of the company’s stock valued at $262,000 after buying an additional 3,480 shares in the last quarter. Institutional investors and hedge funds own 34.73% of the company’s stock.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc is a medical technology company that develops and provides medical devices for the treatment of chronic diseases at home. The Company is a manufacturer and distributor of the Flexitouch and Entre Systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition that is often an unintended consequence of cancer treatment, and the ACTitouch System, a medical device used to treat venous leg ulcers and chronic venous insufficiency.

Insider Buying and Selling by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

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