Tactile Systems Technology, Inc. (NASDAQ:TCMD) COO Robert J. Folkes sold 2,955 shares of Tactile Systems Technology stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $30.81, for a total transaction of $91,043.55. The sale was disclosed in a document filed 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 stock was sold at an average price of $32.54, for a total transaction of $48,810.00.

Shares of Tactile Systems Technology, Inc. (TCMD) traded up 2.66% during trading on Wednesday, hitting $32.75. 210,989 shares of the stock were exchanged. The firm has a market capitalization of $575.94 million, a price-to-earnings ratio of 124.05 and a beta of -0.07. Tactile Systems Technology, Inc. has a 52 week low of $14.37 and a 52 week high of $37.88. The stock’s 50 day moving average price is $33.12 and its 200 day moving average price is $26.52.

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

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Several hedge funds have recently added to or reduced their stakes in TCMD. Wells Fargo & Company MN grew its holdings in shares of 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 during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Tactile Systems Technology by 33.7% during the 1st quarter. Bank of New York Mellon Corp now owns 13,805 shares of the company’s stock valued at $262,000 after purchasing an additional 3,480 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Tactile Systems Technology during the 1st quarter valued at $224,000. Royce & Associates LP bought a new position in shares of Tactile Systems Technology during the 1st quarter valued at $2,141,000. Finally, Menta Capital LLC bought a new position in shares of Tactile Systems Technology during the 1st quarter valued at $320,000. 45.65% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on the stock. Canaccord Genuity reiterated a “buy” rating and set a $37.00 price target (up previously from $28.00) on shares of Tactile Systems Technology in a report on Tuesday, August 8th. ValuEngine upgraded shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. BTIG Research lowered shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. Finally, Piper Jaffray Companies lifted their price target on shares of Tactile Systems Technology from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $34.00.

About Tactile Systems Technology

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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