Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Bryan Rishe sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $31.56, for a total transaction of $47,340.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, September 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $32.86, for a total transaction of $49,290.00.
  • On Tuesday, September 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $32.77, for a total transaction of $49,155.00.
  • On Monday, August 21st, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $33.57, for a total transaction of $50,355.00.
  • On Thursday, August 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $28.29, for a total transaction of $42,435.00.
  • 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 transaction of $45,615.00.

Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) traded up 0.27% during mid-day trading on Thursday, reaching $32.84. 320,732 shares of the company’s stock traded hands. The company has a market cap of $577.52 million, a P/E ratio of 124.39 and a beta of -0.07. The firm has a 50-day moving average of $33.08 and a 200 day moving average of $26.57. Tactile Systems Technology, Inc. has a 12-month low of $14.37 and a 12-month high of $37.88.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings data 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. The business had revenue of $26.30 million for the quarter, compared to the consensus estimate of $23.88 million. Tactile Systems Technology had a net margin of 4.97% and a return on equity of 3.05%. The company’s revenue was up 33.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share. Equities analysts forecast that Tactile Systems Technology, Inc. will post $0.28 EPS for the current year.

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Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Tactile Systems Technology by 39.3% in the second quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock worth $127,000 after buying an additional 1,252 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of 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 worth $133,000 after buying an additional 6,409 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Tactile Systems Technology in the second quarter worth about $146,000. Nationwide Fund Advisors lifted its holdings in shares of Tactile Systems Technology by 201.8% in the second quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock worth $148,000 after buying an additional 3,457 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Tactile Systems Technology by 10,882.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock worth $213,000 after buying an additional 7,400 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on TCMD. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Thursday, August 10th. Piper Jaffray Companies lifted their price objective on shares of Tactile Systems Technology from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. BTIG Research cut shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Monday, September 18th. Canaccord Genuity reiterated a “buy” rating and issued a $37.00 price objective (up previously from $28.00) on shares of Tactile Systems Technology in a research note on Tuesday, August 8th. Finally, ValuEngine upgraded shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $34.00.

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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