Tandem Diabetes Care Inc (TNDM) Director Christopher J. Twomey Acquires 75,000 Shares

Tandem Diabetes Care Inc (NASDAQ:TNDM) Director Christopher J. Twomey purchased 75,000 shares of Tandem Diabetes Care stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $2.00 per share, with a total value of $150,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Tandem Diabetes Care Inc (TNDM) traded up $0.02 during midday trading on Tuesday, hitting $2.43. 837,794 shares of the stock traded hands, compared to its average volume of 923,213. Tandem Diabetes Care Inc has a 12-month low of $2.14 and a 12-month high of $26.00. The stock has a market cap of $23.78, a price-to-earnings ratio of -0.12 and a beta of 0.44. The company has a quick ratio of 0.88, a current ratio of 1.90 and a debt-to-equity ratio of -2.70.

Several equities research analysts have recently commented on TNDM shares. Zacks Investment Research raised shares of Tandem Diabetes Care from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research report on Wednesday, November 1st. Robert W. Baird reaffirmed a “hold” rating and set a $3.00 price target on shares of Tandem Diabetes Care in a research report on Sunday, November 19th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.29.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wedbush Securities Inc. increased its holdings in Tandem Diabetes Care by 88.6% in the 3rd quarter. Wedbush Securities Inc. now owns 188,877 shares of the medical device company’s stock worth $138,000 after acquiring an additional 88,709 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Tandem Diabetes Care by 13.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 659,993 shares of the medical device company’s stock worth $482,000 after acquiring an additional 78,748 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Tandem Diabetes Care by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,233,607 shares of the medical device company’s stock worth $987,000 after acquiring an additional 32,991 shares in the last quarter.

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About Tandem Diabetes Care

Tandem Diabetes Care, Inc is a medical device company. The Company is engaged in designing, developing and commercializing products for people with insulin-dependent diabetes. The Company manufactures and sells three insulin pump products, which include t:slim Insulin Delivery System (t:slim), t:flex Insulin Delivery System (t:flex) and t:slim G4 Insulin Delivery System (t:slim G4).

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