Tactile Systems Technology, Inc. (NASDAQ:TCMD) COO Sells $44,235.00 in Stock

Tactile Systems Technology, Inc. (NASDAQ:TCMD) COO Robert J. Folkes sold 1,500 shares of the stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $29.49, for a total value of $44,235.00. Following the completion of the sale, the chief operating officer now owns 129,837 shares of the company’s stock, valued at approximately $3,828,893.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Tactile Systems Technology, Inc. (NASDAQ TCMD) traded down 1.87% during mid-day trading on Monday, hitting $29.44. The stock had a trading volume of 26,361 shares. The company has a market cap of $498.71 million and a P/E ratio of 265.23. Tactile Systems Technology, Inc. has a 1-year low of $10.00 and a 1-year high of $31.49. The company has a 50-day moving average price of $27.59 and a 200 day moving average price of $20.69.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings results on Monday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.05. Tactile Systems Technology had a net margin of 2.24% and a return on equity of 4.82%. The company had revenue of $19.85 million during the quarter, compared to analyst estimates of $16.17 million. During the same quarter in the previous year, the business earned ($0.45) EPS. The firm’s revenue was up 44.9% on a year-over-year basis. Equities research analysts forecast that Tactile Systems Technology, Inc. will post $0.13 EPS for the current fiscal year.

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Separately, Zacks Investment Research upgraded Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Thursday, May 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $24.25.

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of Tactile Systems Technology by 33.7% in the first quarter. Bank of New York Mellon Corp now owns 13,805 shares of the company’s stock worth $262,000 after buying an additional 3,480 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Tactile Systems Technology during the second quarter worth $146,000. Bank of America Corp DE raised its position in shares of Tactile Systems Technology by 1,118.5% in the first quarter. Bank of America Corp DE now owns 6,982 shares of the company’s stock worth $133,000 after buying an additional 6,409 shares during the last quarter. EAM Investors LLC raised its position in shares of Tactile Systems Technology by 15.4% in the first quarter. EAM Investors LLC now owns 70,449 shares of the company’s stock worth $1,335,000 after buying an additional 9,383 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Tactile Systems Technology by 17.2% in the first quarter. Geode Capital Management LLC now owns 70,704 shares of the company’s stock worth $1,339,000 after buying an additional 10,377 shares during the last quarter. 29.93% of the stock is owned by hedge funds and other institutional investors.

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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