Tactile Systems Technology Inc (TCMD) SVP Sells $43,005.00 in Stock

Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $28.67, for a total transaction of $43,005.00. Following the completion of the transaction, the senior vice president now owns 94,645 shares in the company, valued at approximately $2,713,472.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • 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 transaction 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 transaction 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 transaction of $42,765.00.
  • On Friday, November 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $27.21, for a total transaction of $40,815.00.
  • On Friday, October 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $31.87, for a total transaction of $47,805.00.

Tactile Systems Technology Inc (NASDAQ:TCMD) opened at $28.26 on Friday. Tactile Systems Technology Inc has a 52-week low of $14.37 and a 52-week high of $37.88. The firm has a market cap of $500.25 and a P/E ratio of 88.31.

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 consensus estimate of $0.05 by $0.02. Tactile Systems Technology had a net margin of 5.84% and a return on equity of 4.75%. The firm had revenue of $28.28 million for the quarter, compared to analysts’ expectations of $27.66 million. During the same period in the previous year, the company posted $0.01 EPS. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. sell-side analysts expect that Tactile Systems Technology Inc will post 0.34 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of TCMD. Peregrine Capital Management LLC purchased a new position in Tactile Systems Technology during the 3rd quarter worth approximately $16,984,000. Koch Industries Inc. purchased a new position in shares of Tactile Systems Technology during the 2nd quarter valued at $217,000. Lord Abbett & CO. LLC grew its holdings in shares of Tactile Systems Technology by 108.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 371,980 shares of the company’s stock valued at $10,631,000 after acquiring an additional 193,429 shares in the last quarter. Pier Capital LLC purchased a new position in shares of Tactile Systems Technology during the 3rd quarter valued at $5,635,000. Finally, Cortina Asset Management LLC purchased a new position in shares of Tactile Systems Technology during the 3rd quarter valued at $5,555,000. Hedge funds and other institutional investors own 71.68% of the company’s stock.

Several research firms have issued reports on TCMD. BTIG Research lowered shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Monday, September 18th. Guggenheim started coverage on shares of Tactile Systems Technology in a research report on Thursday, October 12th. They set a “buy” rating and a $47.00 price objective on the stock. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research report on Friday, November 10th. Northland Securities started coverage on shares of Tactile Systems Technology in a research report on Tuesday, October 17th. They set a “market perform” rating on the stock. Finally, Sidoti started coverage on shares of Tactile Systems Technology in a research report on Friday, December 8th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Tactile Systems Technology currently has a consensus rating of “Buy” and an average price target of $34.25.

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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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