Tactile Systems Technology, Inc. (NASDAQ:TCMD) COO Robert J. Folkes sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $33.67, for a total transaction of $50,505.00. Following the completion of the sale, the chief operating officer now directly owns 131,837 shares in the company, valued at $4,438,951.79. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Robert J. Folkes also recently made the following trade(s):

  • On Wednesday, August 9th, Robert J. Folkes sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $32.54, for a total transaction of $48,810.00.

Tactile Systems Technology, Inc. (TCMD) traded down 3.07% on Friday, hitting $34.44. 177,093 shares of the company were exchanged. The firm has a 50 day moving average of $31.78 and a 200-day moving average of $24.62. The stock has a market cap of $605.66 million, a PE ratio of 130.45 and a beta of 0.35. Tactile Systems Technology, Inc. has a 52-week low of $14.37 and a 52-week high of $36.20.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $26.30 million during the quarter, compared to analyst estimates of $23.88 million. Tactile Systems Technology had a net margin of 4.97% and a return on equity of 3.05%. The business’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 earnings per share. On average, equities analysts expect that Tactile Systems Technology, Inc. will post $0.28 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Robert J. Folkes Sells 1,500 Shares of Tactile Systems Technology, Inc. (TCMD) Stock” was first published by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/09/08/robert-j-folkes-sells-1500-shares-of-tactile-systems-technology-inc-tcmd-stock.html.

TCMD has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Saturday, June 10th. ValuEngine raised shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Canaccord Genuity reaffirmed a “buy” rating and issued a $37.00 target price (up from $28.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 8th. Finally, Piper Jaffray Companies increased their target price on shares of Tactile Systems Technology from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $34.00.

Several large investors have recently modified their holdings of TCMD. Russell Investments Group Ltd. bought a new stake in shares of Tactile Systems Technology in the second quarter worth $13,304,000. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Tactile Systems Technology in the second quarter worth $12,489,000. Koch Industries Inc. bought a new stake in shares of Tactile Systems Technology in the second quarter worth $217,000. Lord Abbett & CO. LLC increased its stake in shares of Tactile Systems Technology by 108.3% in the second quarter. Lord Abbett & CO. LLC now owns 371,980 shares of the company’s stock worth $10,631,000 after buying an additional 193,429 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Tactile Systems Technology by 109.6% in the first quarter. Vanguard Group Inc. now owns 316,566 shares of the company’s stock worth $5,999,000 after buying an additional 165,506 shares during the last quarter. Institutional investors and hedge funds own 46.00% 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)

Receive News & Ratings for Tactile Systems Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.