Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Bryan Rishe Sells 1,500 Shares

Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $30.41, for a total value of $45,615.00. Following the completion of the sale, the vice president now directly owns 110,807 shares in the company, valued at approximately $3,369,640.87. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Monday, July 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $28.44, for a total value of $42,660.00.
  • On Monday, June 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $26.45, for a total value of $39,675.00.
  • On Wednesday, May 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $18.62, for a total value of $27,930.00.

Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) traded down 0.77% during midday trading on Monday, reaching $29.77. The company had a trading volume of 122,464 shares. The stock’s 50 day moving average is $27.59 and its 200-day moving average is $20.69. Tactile Systems Technology, Inc. has a 12-month low of $10.00 and a 12-month high of $31.49. The stock has a market capitalization of $504.30 million and a PE ratio of 268.20.

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

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A number of institutional investors have recently made changes to their positions in the stock. 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 valued at $133,000 after buying an additional 6,409 shares during the period. Bank of Montreal Can purchased a new position in shares of Tactile Systems Technology during the second quarter valued at $146,000. Trexquant Investment LP purchased a new position in shares of Tactile Systems Technology during the first quarter valued at $224,000. 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 valued at $262,000 after buying an additional 3,480 shares during the period. Finally, Menta Capital LLC purchased a new position in shares of Tactile Systems Technology during the first quarter valued at $320,000. 29.93% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $24.25.

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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