Insider Selling: Tactile Systems Technology, Inc. (TCMD) VP Sells $47,340.00 in Stock

Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Bryan Rishe sold 1,500 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $31.56, for a total value of $47,340.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, September 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $32.86, for a total value of $49,290.00.
  • On Tuesday, September 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $32.77, for a total value of $49,155.00.
  • On Monday, August 21st, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $33.57, for a total value of $50,355.00.
  • On Thursday, August 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $28.29, for a total value of $42,435.00.
  • On Thursday, July 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $30.41, for a total value of $45,615.00.

Tactile Systems Technology, Inc. (TCMD) opened at 32.96 on Friday. Tactile Systems Technology, Inc. has a 12-month low of $14.37 and a 12-month high of $37.88. The stock’s 50 day moving average price is $33.05 and its 200-day moving average price is $26.71. The stock has a market capitalization of $579.63 million, a PE ratio of 124.85 and a beta of -0.07.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.03. The business had revenue of $26.30 million during the quarter, compared to the consensus estimate of $23.88 million. Tactile Systems Technology had a return on equity of 3.05% and a net margin of 4.97%. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 earnings per share. Analysts expect that Tactile Systems Technology, Inc. will post $0.28 earnings per share for the current year.

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Several brokerages have issued reports on TCMD. Zacks Investment Research upgraded Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Thursday, August 10th. Piper Jaffray Companies upped their target price on Tactile Systems Technology from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. Canaccord Genuity restated a “buy” rating and issued a $37.00 target price (up from $28.00) on shares of Tactile Systems Technology in a report on Tuesday, August 8th. ValuEngine upgraded Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Finally, BTIG Research cut Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.00.

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Tactile Systems Technology by 39.3% in the second quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock valued at $127,000 after purchasing an additional 1,252 shares during the period. Bank of Montreal Can purchased a new stake in shares of Tactile Systems Technology in the second quarter valued at $146,000. Nationwide Fund Advisors grew its position in shares of Tactile Systems Technology by 201.8% in the second quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock valued at $148,000 after purchasing an additional 3,457 shares during the period. Bank of America Corp DE grew 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 purchasing an additional 6,409 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Tactile Systems Technology by 10,882.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock valued at $213,000 after purchasing an additional 7,400 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

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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