Tactile Systems Technology, Inc. (NASDAQ:TCMD) SVP Bryan Rishe sold 1,500 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $29.34, for a total value of $44,010.00. Following the completion of the sale, the senior vice president now owns 102,307 shares in the company, valued at $3,001,687.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, November 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $28.51, for a total value of $42,765.00.
  • On Friday, November 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $27.21, for a total value of $40,815.00.
  • On Friday, October 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $31.87, for a total value of $47,805.00.
  • 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.

Tactile Systems Technology, Inc. (TCMD) traded down $0.53 during trading hours on Wednesday, reaching $26.66. The company had a trading volume of 178,455 shares, compared to its average volume of 203,962. The stock has a market capitalization of $495.83, a price-to-earnings ratio of 186.73, a PEG ratio of 4.59 and a beta of -0.69. 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 posted its earnings results on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $28.28 million for the quarter, compared to analyst estimates of $27.66 million. Tactile Systems Technology had a return on equity of 4.75% and a net margin of 5.84%. Tactile Systems Technology’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 earnings per share. equities research analysts forecast that Tactile Systems Technology, Inc. will post 0.31 EPS for the current fiscal year.

TCMD has been the topic of several analyst reports. Northland Securities reiterated a “hold” rating and issued a $31.50 price objective on shares of Tactile Systems Technology in a research note on Monday, October 16th. Zacks Investment Research lowered Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Canaccord Genuity reissued a “buy” rating and issued a $37.00 target price (up previously from $28.00) on shares of Tactile Systems Technology in a report on Tuesday, August 8th. BTIG Research raised Tactile Systems Technology from a “neutral” rating to a “buy” rating in a report on Thursday, November 9th. They noted that the move was a valuation call. Finally, 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. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $34.25.

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in Tactile Systems Technology by 39.3% in the second quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock valued at $127,000 after buying an additional 1,252 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Tactile Systems Technology by 1,118.5% during the first quarter. Bank of America Corp DE now owns 6,982 shares of the company’s stock worth $133,000 after purchasing an additional 6,409 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Tactile Systems Technology during the second quarter worth about $146,000. Nationwide Fund Advisors grew its holdings in shares of Tactile Systems Technology by 201.8% during the second 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 last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Tactile Systems Technology by 10,882.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock worth $213,000 after purchasing an additional 7,400 shares during the last quarter. 71.68% of the stock is currently owned by hedge funds and other institutional investors.

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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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