Insider Selling: Tactile Systems Technology Inc (TCMD) SVP Sells 1,500 Shares of Stock

Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $31.07, for a total transaction of $46,605.00. Following the transaction, the senior vice president now owns 90,145 shares in the company, valued at approximately $2,800,805.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, February 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $31.68, for a total transaction of $47,520.00.
  • On Monday, January 22nd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $30.92, for a total transaction of $46,380.00.
  • On Friday, January 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $28.67, for a total transaction of $43,005.00.
  • 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.

Tactile Systems Technology Inc (TCMD) traded up $0.49 during trading on Friday, reaching $31.25. 202,198 shares of the company’s stock traded hands, compared to its average volume of 186,184. The firm has a market capitalization of $546.63, a price-to-earnings ratio of 205.87, a price-to-earnings-growth ratio of 6.91 and a beta of -0.23. Tactile Systems Technology Inc has a 12-month low of $16.69 and a 12-month high of $37.88.

A number of institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in Tactile Systems Technology by 39.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock worth $127,000 after purchasing an additional 1,252 shares during the period. MetLife Investment Advisors LLC acquired a new position in Tactile Systems Technology in the 4th quarter worth approximately $139,000. Nationwide Fund Advisors boosted its stake in Tactile Systems Technology by 201.8% in the 2nd quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock worth $148,000 after purchasing an additional 3,457 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in Tactile Systems Technology in the 4th quarter worth approximately $158,000. Finally, Advisors Preferred LLC acquired a new position in Tactile Systems Technology in the 4th quarter worth approximately $160,000. Hedge funds and other institutional investors own 84.94% of the company’s stock.

Several research analysts have issued reports on TCMD shares. Sidoti started coverage on shares of Tactile Systems Technology in a research report on Friday, December 8th. They issued a “neutral” rating on the stock. BidaskClub lowered shares of Tactile Systems Technology from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Canaccord Genuity restated a “buy” rating and issued a $37.00 price target on shares of Tactile Systems Technology in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research report on Friday, November 10th. Finally, BTIG Research upgraded shares of Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, four have given 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 a consensus target price of $34.25.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Tactile Systems Technology Inc (TCMD) SVP Sells 1,500 Shares of Stock” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/23/insider-selling-tactile-systems-technology-inc-tcmd-svp-sells-1500-shares-of-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)

Receive News & Ratings for Tactile Systems Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply