Tactile Systems Technology Inc (TCMD) CFO Lynn Larson Blake Sells 766 Shares

Tactile Systems Technology Inc (NASDAQ:TCMD) CFO Lynn Larson Blake sold 766 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $32.34, for a total value of $24,772.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Tactile Systems Technology Inc (NASDAQ TCMD) traded up $0.25 during midday trading on Friday, reaching $31.80. The company had a trading volume of 160,008 shares, compared to its average volume of 195,213. Tactile Systems Technology Inc has a 1 year low of $14.98 and a 1 year high of $37.88. The firm has a market cap of $558.14 and a P/E ratio of 102.58.

Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Tactile Systems Technology had a return on equity of 4.75% and a net margin of 5.84%. The firm had revenue of $28.28 million during the quarter, compared to the consensus estimate of $27.66 million. During the same period in the prior year, the company earned $0.01 EPS. The firm’s revenue was up 25.0% compared to the same quarter last year. equities analysts predict that Tactile Systems Technology Inc will post 0.34 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of TCMD. Peregrine Capital Management LLC increased its stake in shares of Tactile Systems Technology by 9.7% in the 4th quarter. Peregrine Capital Management LLC now owns 602,223 shares of the company’s stock worth $17,452,000 after acquiring an additional 53,463 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Tactile Systems Technology by 12.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 522,050 shares of the company’s stock worth $16,157,000 after acquiring an additional 56,565 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in shares of Tactile Systems Technology by 6.8% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 466,903 shares of the company’s stock worth $14,451,000 after acquiring an additional 29,912 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Tactile Systems Technology by 18.8% in the 2nd quarter. Vanguard Group Inc. now owns 376,161 shares of the company’s stock worth $10,750,000 after acquiring an additional 59,595 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in shares of Tactile Systems Technology by 108.3% in the 2nd quarter. Lord Abbett & CO. LLC now owns 371,980 shares of the company’s stock worth $10,631,000 after acquiring an additional 193,429 shares during the last quarter. 73.27% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on the company. BidaskClub upgraded Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. Northland Securities began coverage on Tactile Systems Technology in a research note on Tuesday, October 17th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded Tactile Systems Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. BTIG Research raised Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. Finally, Canaccord Genuity reissued a “buy” rating and issued a $37.00 price objective on shares of Tactile Systems Technology in a research note on Wednesday, January 3rd. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $34.25.

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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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