Bryan Rishe Sells 1,500 Shares of Tactile Systems Technology Inc (NASDAQ:TCMD) 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 sale, the senior vice president now owns 94,645 shares of the company’s stock, valued at $2,713,472.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, January 22nd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $30.92, for a total transaction of $46,380.00.
  • 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.

Shares of Tactile Systems Technology Inc (NASDAQ TCMD) traded up $0.25 during trading hours on Friday, reaching $31.80. 160,008 shares of the company’s stock traded hands, compared to its average volume of 196,957. Tactile Systems Technology Inc has a twelve month low of $14.98 and a twelve month high of $37.88. The stock has a market capitalization of $558.49, a P/E ratio of 102.58, a P/E/G ratio of 7.06 and a beta of -0.23.

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 consensus estimate of $0.05 by $0.02. The business had revenue of $28.28 million for the quarter, compared to the consensus estimate of $27.66 million. Tactile Systems Technology had a net margin of 5.84% and a return on equity of 4.75%. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 earnings per share. analysts anticipate that Tactile Systems Technology Inc will post 0.34 earnings per share for the current fiscal year.

A number of research firms recently issued reports on TCMD. BidaskClub raised shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Saturday, January 20th. Northland Securities began coverage on shares of Tactile Systems Technology in a report on Tuesday, October 17th. They issued a “market perform” rating on the stock. Zacks Investment Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. BTIG Research raised shares of Tactile Systems Technology from a “neutral” rating to a “buy” rating in a report on Thursday, November 9th. They noted that the move was a valuation call. Finally, Canaccord Genuity reissued a “buy” rating and issued a $37.00 price objective on shares of Tactile Systems Technology in a report on Wednesday, January 3rd. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $34.25.

Several institutional investors have recently added to or reduced their stakes in the company. Comerica Bank bought a new stake in shares of Tactile Systems Technology during the fourth quarter valued at approximately $460,000. Perkins Capital Management Inc. bought a new stake in shares of Tactile Systems Technology during the fourth quarter valued at approximately $978,000. Peregrine Capital Management LLC raised its position in shares of Tactile Systems Technology by 9.7% during the fourth quarter. Peregrine Capital Management LLC now owns 602,223 shares of the company’s stock valued at $17,452,000 after buying an additional 53,463 shares during the last quarter. Northpointe Capital LLC bought a new stake in shares of Tactile Systems Technology during the fourth quarter valued at approximately $4,971,000. Finally, Texas Permanent School Fund bought a new stake in shares of Tactile Systems Technology during the fourth quarter valued at approximately $284,000. Hedge funds and other institutional investors own 73.27% of the company’s stock.

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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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