Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $32.77, for a total value of $49,155.00. Following the completion of the transaction, the vice president now owns 111,307 shares in the company, valued at $3,647,530.39. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Monday, August 21st, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $33.57, for a total value of $50,355.00.
  • On Thursday, August 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $28.29, for a total value of $42,435.00.
  • On Thursday, July 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were 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 shares were sold at an average price of $28.44, for a total value of $42,660.00.

Tactile Systems Technology, Inc. (NASDAQ TCMD) traded up 4.90% during mid-day trading on Thursday, hitting $35.53. The company had a trading volume of 199,149 shares. The stock’s 50 day moving average price is $31.64 and its 200 day moving average price is $24.54. The firm has a market cap of $624.83 million, a P/E ratio of 134.58 and a beta of 0.35. Tactile Systems Technology, Inc. has a 52-week low of $14.37 and a 52-week high of $35.84.

Tactile Systems Technology (NASDAQ:TCMD) last posted its earnings results on Monday, August 7th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. Tactile Systems Technology had a return on equity of 3.05% and a net margin of 4.97%. The firm had revenue of $26.30 million for the quarter, compared to analysts’ expectations of $23.88 million. During the same period last year, the firm earned $0.04 EPS. The firm’s revenue was up 33.5% compared to the same quarter last year. On average, equities research analysts predict that Tactile Systems Technology, Inc. will post $0.28 EPS for the current fiscal year.

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TCMD has been the topic of a number of analyst reports. Zacks Investment Research downgraded Tactile Systems Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. ValuEngine upgraded Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.00.

Hedge funds and other institutional investors have recently modified their holdings of the business. Spark Investment Management LLC boosted its stake in Tactile Systems Technology by 29.7% during the 1st quarter. Spark Investment Management LLC now owns 94,000 shares of the company’s stock valued at $1,781,000 after purchasing an additional 21,500 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Tactile Systems Technology by 1,896.9% during the 1st quarter. Wells Fargo & Company MN now owns 59,389 shares of the company’s stock valued at $1,125,000 after purchasing an additional 56,415 shares in the last quarter. Trexquant Investment LP bought a new position in Tactile Systems Technology during the 1st quarter valued at $224,000. Royce & Associates LP bought a new position in Tactile Systems Technology during the 1st quarter valued at $2,141,000. Finally, Geode Capital Management LLC boosted its stake in Tactile Systems Technology by 17.2% during the 1st quarter. Geode Capital Management LLC now owns 70,704 shares of the company’s stock valued at $1,339,000 after purchasing an additional 10,377 shares in the last quarter. 46.00% of the stock is owned by hedge funds and other institutional investors.

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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