Insider Selling: Tactile Systems Technology Inc (TCMD) COO Sells 1,500 Shares of Stock

Tactile Systems Technology Inc (NASDAQ:TCMD) COO Robert J. Folkes sold 1,500 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $30.48, for a total value of $45,720.00. Following the transaction, the chief operating officer now directly owns 118,277 shares in the company, valued at $3,605,082.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Tactile Systems Technology Inc (TCMD) traded up $0.07 during trading on Friday, reaching $28.61. 218,388 shares of the company were exchanged, compared to its average volume of 192,403. The stock has a market cap of $505.21 and a price-to-earnings ratio of 89.41. Tactile Systems Technology Inc has a 1 year low of $14.98 and a 1 year high of $37.88.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ 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 net margin of 5.84% and a return on equity of 4.75%. Tactile Systems Technology’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period last year, the company posted $0.01 EPS. equities research analysts expect that Tactile Systems Technology Inc will post 0.34 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on TCMD shares. Sidoti initiated coverage on Tactile Systems Technology in a research report on Friday, December 8th. They set a “neutral” rating on the stock. Guggenheim initiated coverage on Tactile Systems Technology in a research report on Thursday, October 12th. They issued a “buy” rating and a $47.00 target price on the stock. BidaskClub lowered shares of Tactile Systems Technology from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Zacks Investment Research raised shares of Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a report on Friday, November 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $37.00 price target on shares of Tactile Systems Technology in a report on Wednesday, January 3rd. Four research 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 currently has a consensus rating of “Buy” and an average price target of $34.25.

Institutional investors have recently modified their holdings of the stock. Northern Trust Corp lifted its stake in Tactile Systems Technology by 125.4% in the 2nd quarter. Northern Trust Corp now owns 95,227 shares of the company’s stock valued at $2,721,000 after buying an additional 52,985 shares in the last quarter. State Street Corp lifted its stake in Tactile Systems Technology by 115.1% in the 2nd quarter. State Street Corp now owns 121,255 shares of the company’s stock valued at $3,466,000 after buying an additional 64,883 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in Tactile Systems Technology by 237.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 24,897 shares of the company’s stock valued at $712,000 after buying an additional 17,512 shares in the last quarter. Peregrine Capital Management LLC purchased a new position in Tactile Systems Technology in the 3rd quarter valued at about $16,984,000. Finally, Vanguard Group Inc. lifted its stake in Tactile Systems Technology by 18.8% in the 2nd quarter. Vanguard Group Inc. now owns 376,161 shares of the company’s stock valued at $10,750,000 after buying an additional 59,595 shares in the last quarter. 73.76% 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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