Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Bryan Rishe sold 1,500 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $31.87, for a total value of $47,805.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, October 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $31.56, for a total value of $47,340.00.
  • On Wednesday, September 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $32.86, for a total value of $49,290.00.
  • On Tuesday, September 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $32.77, for a total value of $49,155.00.
  • 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.

Tactile Systems Technology, Inc. (NASDAQ:TCMD) traded down 2.35% during midday trading on Tuesday, hitting $30.75. The company had a trading volume of 155,077 shares. The firm has a market capitalization of $540.77 million, a P/E ratio of 116.48 and a beta of -0.01. The firm’s 50 day moving average is $32.56 and its 200-day moving average is $27.87. Tactile Systems Technology, Inc. has a 52 week low of $14.37 and a 52 week high of $37.88.

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 Zacks’ consensus estimate of $0.01 by $0.03. The business had revenue of $26.30 million for the quarter, compared to analysts’ expectations of $23.88 million. Tactile Systems Technology had a return on equity of 3.05% and a net margin of 4.97%. The firm’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share. On average, equities research analysts expect that Tactile Systems Technology, Inc. will post $0.27 EPS for the current fiscal year.

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A number of equities research analysts have weighed in on TCMD shares. BTIG Research downgraded Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. ValuEngine raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research downgraded Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Guggenheim started coverage on Tactile Systems Technology in a report on Thursday, October 12th. They issued a “buy” rating and a $47.00 target price on the stock. Finally, Northland Securities reaffirmed a “hold” rating and issued a $31.50 target price on shares of Tactile Systems Technology in a report on Monday, October 16th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $35.75.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in Tactile Systems Technology in the second quarter valued at $13,304,000. Gilder Gagnon Howe & Co. LLC bought a new position in Tactile Systems Technology in the second quarter valued at $12,489,000. Vanguard Group Inc. increased its stake in Tactile Systems Technology by 18.8% in the second quarter. Vanguard Group Inc. now owns 376,161 shares of the company’s stock valued at $10,750,000 after acquiring an additional 59,595 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in Tactile Systems Technology by 108.3% in the second quarter. Lord Abbett & CO. LLC now owns 371,980 shares of the company’s stock valued at $10,631,000 after acquiring an additional 193,429 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in Tactile Systems Technology by 105.8% in the second quarter. Blair William & Co. IL now owns 301,351 shares of the company’s stock valued at $8,613,000 after acquiring an additional 154,915 shares during the last quarter. 45.71% of the stock is currently owned by institutional investors and hedge funds.

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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