Tactile Systems Technology, Inc. (NASDAQ:TCMD) COO Robert J. Folkes sold 4,455 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $28.32, for a total transaction of $126,165.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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.

Tactile Systems Technology, Inc. (NASDAQ TCMD) traded up $0.29 during midday trading on Friday, hitting $27.32. 243,746 shares of the company were exchanged, compared to its average volume of 200,120. The stock has a market capitalization of $476.17, a PE ratio of 300.11, a P/E/G ratio of 5.55 and a beta of -0.57.

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 Zacks’ consensus estimate of $0.01 by $0.03. The firm 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% on a year-over-year basis. During the same period last year, the firm posted $0.04 EPS. sell-side analysts anticipate that Tactile Systems Technology, Inc. will post 0.24 earnings per share for the current year.

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TCMD has been the topic of a number of recent analyst reports. Northland Securities reissued a “hold” rating and issued a $31.50 price objective on shares of Tactile Systems Technology in a research report on Monday, October 16th. ValuEngine raised shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Canaccord Genuity reissued a “buy” rating and issued a $37.00 price objective (up from $28.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 8th. Finally, Guggenheim initiated coverage on shares of Tactile Systems Technology in a research report on Thursday, October 12th. They issued a “buy” rating and a $47.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Tactile Systems Technology presently has an average rating of “Hold” and a consensus price target of $35.75.

A number of large investors have recently modified their holdings of TCMD. Peregrine Capital Management LLC acquired a new stake in Tactile Systems Technology during the 3rd quarter worth $16,984,000. Russell Investments Group Ltd. acquired a new stake in Tactile Systems Technology during the 2nd quarter worth $13,304,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in Tactile Systems Technology during the 2nd quarter worth $12,489,000. Koch Industries Inc. acquired a new stake in Tactile Systems Technology during the 2nd quarter worth $217,000. Finally, Lord Abbett & CO. LLC boosted its stake in Tactile Systems Technology by 108.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 371,980 shares of the company’s stock worth $10,631,000 after purchasing an additional 193,429 shares during the period. Hedge funds and other institutional investors own 45.69% of the company’s stock.

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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