Insider Selling: Tactile Systems Technology, Inc. (TCMD) COO Sells $40,620.00 in Stock

Tactile Systems Technology, Inc. (NASDAQ:TCMD) COO Robert J. Folkes sold 1,500 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $27.08, for a total transaction of $40,620.00. Following the sale, the chief operating officer now directly owns 127,337 shares of the company’s stock, valued at approximately $3,448,285.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tactile Systems Technology, Inc. (NASDAQ:TCMD) traded up $0.53 during midday trading on Monday, hitting $27.53. 208,000 shares of the company’s stock were exchanged, compared to its average volume of 203,986. The stock has a market capitalization of $487.33, a PE ratio of 183.53, a P/E/G ratio of 4.51 and a beta of -0.69. Tactile Systems Technology, Inc. has a fifty-two week low of $14.37 and a fifty-two week high of $37.88.

Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The business had revenue of $28.28 million during the quarter, compared to analysts’ expectations of $27.66 million. Tactile Systems Technology had a net margin of 5.84% and a return on equity of 4.75%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the company posted $0.01 earnings per share. analysts expect that Tactile Systems Technology, Inc. will post 0.31 earnings per share for the current year.

A number of research firms have issued reports on TCMD. BTIG Research cut shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. Northland Securities reaffirmed a “hold” rating and issued a $31.50 price target on shares of Tactile Systems Technology in a report on Monday, October 16th. Zacks Investment Research cut shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Guggenheim began coverage on shares of Tactile Systems Technology in a report on Thursday, October 12th. They issued a “buy” rating and a $47.00 price target for the company. Finally, Sidoti began coverage on shares of Tactile Systems Technology in a report on Friday. They issued a “neutral” rating for the company. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $34.25.

Several large investors have recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC acquired a new stake in shares of Tactile Systems Technology in the third quarter worth $416,000. Public Employees Retirement System of Ohio increased its stake in shares of Tactile Systems Technology by 58.8% in the third quarter. Public Employees Retirement System of Ohio now owns 135,000 shares of the company’s stock worth $4,178,000 after acquiring an additional 50,000 shares during the period. GSA Capital Partners LLP increased its stake in shares of Tactile Systems Technology by 37.1% in the third quarter. GSA Capital Partners LLP now owns 32,458 shares of the company’s stock worth $1,005,000 after acquiring an additional 8,780 shares during the period. Neuberger Berman Group LLC acquired a new stake in shares of Tactile Systems Technology in the third quarter worth $1,052,000. Finally, California Public Employees Retirement System acquired a new stake in shares of Tactile Systems Technology in the third quarter worth $302,000. Hedge funds and other institutional investors own 71.68% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Tactile Systems Technology, Inc. (TCMD) COO Sells $40,620.00 in Stock” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2017/12/11/insider-selling-tactile-systems-technology-inc-tcmd-coo-sells-40620-00-in-stock.html.

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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