Tactile Systems Technology, Inc. (NASDAQ:TCMD) CEO Gerald R. Mattys sold 21,613 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $26.03, for a total value of $562,586.39. Following the completion of the sale, the chief executive officer now owns 334,013 shares of the company’s stock, valued at $8,694,358.39. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) traded up $2.24 during trading hours on Tuesday, reaching $28.22. The company’s stock had a trading volume of 1,653,500 shares, compared to its average volume of 188,775. The stock has a market cap of $491.58 and a PE ratio of 173.20. 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 issued its earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The company had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $27.66 million. Tactile Systems Technology had a return on equity of 4.75% and a net margin of 5.84%. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 EPS. equities analysts predict that Tactile Systems Technology, Inc. will post 0.31 EPS for the current fiscal year.

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Several analysts have issued reports on TCMD shares. Zacks Investment Research upgraded Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Thursday, August 10th. Piper Jaffray Companies upped their target price on Tactile Systems Technology from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. 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 for the company. Northland Securities started coverage on Tactile Systems Technology in a report on Tuesday, October 17th. They issued a “market perform” rating for the company. Finally, BTIG Research cut Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $34.25.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Tactile Systems Technology by 39.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock worth $127,000 after purchasing an additional 1,252 shares during the period. Cadence Capital Management LLC grew its holdings in shares of Tactile Systems Technology by 5.1% during the 3rd quarter. Cadence Capital Management LLC now owns 46,436 shares of the company’s stock worth $1,437,000 after purchasing an additional 2,246 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Tactile Systems Technology by 3.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 79,247 shares of the company’s stock worth $2,453,000 after purchasing an additional 2,992 shares during the period. Nationwide Fund Advisors grew its holdings in shares of Tactile Systems Technology by 201.8% during the 2nd quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock worth $148,000 after purchasing an additional 3,457 shares during the period. Finally, Bank of Montreal Can purchased a new position in shares of Tactile Systems Technology during the 2nd quarter worth $146,000. Institutional investors and hedge funds own 57.10% 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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