Tactile Systems Technology, Inc. (TCMD) VP Sells $42,765.00 in Stock

Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Bryan Rishe sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $28.51, for a total value of $42,765.00. Following the completion of the transaction, the vice president now owns 103,807 shares of the company’s stock, valued at approximately $2,959,537.57. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Friday, November 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $27.21, for a total value of $40,815.00.
  • On Friday, October 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $31.87, for a total value of $47,805.00.
  • On Tuesday, October 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $31.56, for a total value of $47,340.00.
  • 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 stock was sold at an average price of $32.77, for a total value of $49,155.00.

Shares of Tactile Systems Technology, Inc. (NASDAQ TCMD) opened at $27.83 on Monday. The stock has a market cap of $492.65, a P/E ratio of 185.53, a price-to-earnings-growth ratio of 4.56 and a beta of -0.57. Tactile Systems Technology, Inc. has a 1 year low of $14.37 and a 1 year high of $37.88.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The firm had revenue of $28.28 million during 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 business’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period last year, the business posted $0.01 earnings per share. equities research analysts forecast that Tactile Systems Technology, Inc. will post 0.31 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a report on Friday, November 10th. BTIG Research upgraded 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. Northland Securities assumed coverage on Tactile Systems Technology in a report on Tuesday, October 17th. They set a “market perform” rating for the company. Guggenheim assumed coverage on Tactile Systems Technology in a report on Thursday, October 12th. They set a “buy” rating and a $47.00 price target for the company. Finally, Canaccord Genuity reiterated a “buy” rating and set a $37.00 price target (up previously from $28.00) on shares of Tactile Systems Technology in a report on Tuesday, August 8th. Two investment 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 stock has a consensus rating of “Buy” and a consensus price target of $34.25.

A number of hedge funds have recently modified their holdings of the business. Chicago Partners Investment Group LLC acquired a new stake in Tactile Systems Technology during the third quarter worth approximately $416,000. Public Employees Retirement System of Ohio lifted its position in Tactile Systems Technology by 58.8% during the third quarter. Public Employees Retirement System of Ohio now owns 135,000 shares of the company’s stock worth $4,178,000 after acquiring an additional 50,000 shares during the last quarter. GSA Capital Partners LLP lifted its position in Tactile Systems Technology by 37.1% during the third quarter. GSA Capital Partners LLP now owns 32,458 shares of the company’s stock worth $1,005,000 after acquiring an additional 8,780 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in Tactile Systems Technology during the third quarter worth approximately $1,052,000. Finally, California Public Employees Retirement System acquired a new stake in Tactile Systems Technology during the third quarter worth approximately $302,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

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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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