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.
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.
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