Tactile Systems Technology Inc (TCMD) SVP Sells $47,520.00 in Stock

Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 1,500 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $31.68, for a total value of $47,520.00. Following the transaction, the senior vice president now directly owns 91,645 shares of the company’s stock, valued at $2,903,313.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, January 22nd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $30.92, for a total value of $46,380.00.
  • On Friday, January 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $28.67, for a total value of $43,005.00.
  • On Wednesday, December 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $29.54, for a total value of $44,310.00.
  • On Monday, December 4th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $29.34, for a total value of $44,010.00.
  • On Monday, November 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $28.51, for a total value of $42,765.00.

Tactile Systems Technology Inc (NASDAQ TCMD) opened at $30.31 on Thursday. Tactile Systems Technology Inc has a 12-month low of $14.98 and a 12-month high of $37.88. The firm has a market capitalization of $536.54 and a PE ratio of 94.72.

Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The firm had revenue of $28.28 million during the quarter, compared to analyst estimates of $27.66 million. Tactile Systems Technology had a return on equity of 7.99% and a net margin of 4.74%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. equities analysts anticipate that Tactile Systems Technology Inc will post 0.34 EPS for the current year.

Several research analysts have recently weighed in on the company. BidaskClub raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. Northland Securities assumed coverage on Tactile Systems Technology in a research report on Tuesday, October 17th. They issued a “market perform” rating for the company. Zacks Investment Research lowered Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. BTIG Research raised Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research report 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 report on Wednesday, January 3rd. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $34.25.

Several institutional investors and hedge funds have recently modified their holdings of TCMD. JPMorgan Chase & Co. grew its stake in shares of Tactile Systems Technology by 39.3% in the 2nd 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 period. Nationwide Fund Advisors grew its stake in shares of Tactile Systems Technology by 201.8% in the 2nd quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock valued at $148,000 after buying an additional 3,457 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Tactile Systems Technology by 10,882.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock valued at $213,000 after buying an additional 7,400 shares during the period. Koch Industries Inc. acquired a new stake in shares of Tactile Systems Technology in the 2nd quarter valued at about $217,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of Tactile Systems Technology in the 2nd quarter valued at about $266,000. Institutional investors own 73.76% of the company’s stock.

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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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