Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 3,000 shares of Tactile Systems Technology stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $59.49, for a total value of $178,470.00. Following the sale, the senior vice president now directly owns 57,143 shares of the company’s stock, valued at approximately $3,399,437.07. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Friday, December 14th, Bryan Rishe sold 3,000 shares of Tactile Systems Technology stock. The stock was sold at an average price of $51.22, for a total value of $153,660.00.
  • On Thursday, November 15th, Bryan Rishe sold 3,000 shares of Tactile Systems Technology stock. The stock was sold at an average price of $56.66, for a total value of $169,980.00.

Shares of Tactile Systems Technology stock traded up $0.98 on Thursday, hitting $62.35. The company’s stock had a trading volume of 240,186 shares, compared to its average volume of 356,065. Tactile Systems Technology Inc has a 1 year low of $27.87 and a 1 year high of $73.24. The firm has a market cap of $1.10 billion, a PE ratio of 296.90, a P/E/G ratio of 13.75 and a beta of 1.74.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings results on Monday, November 5th. The company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.04. Tactile Systems Technology had a return on equity of 8.53% and a net margin of 4.92%. The firm had revenue of $36.30 million during the quarter, compared to analyst estimates of $34.22 million. During the same quarter in the previous year, the business earned $0.07 EPS. Tactile Systems Technology’s revenue for the quarter was up 28.3% compared to the same quarter last year. Sell-side analysts anticipate that Tactile Systems Technology Inc will post 0.24 earnings per share for the current fiscal year.

TCMD has been the subject of a number of research reports. BTIG Research reaffirmed a “hold” rating on shares of Tactile Systems Technology in a research report on Tuesday, November 6th. Piper Jaffray Companies boosted their price objective on Tactile Systems Technology to $80.00 and gave the company a “positive” rating in a report on Monday, January 7th. ValuEngine cut Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Friday, December 7th. Zacks Investment Research cut Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Finally, BidaskClub cut Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Tactile Systems Technology presently has an average rating of “Buy” and a consensus target price of $65.50.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Tactile Systems Technology by 31.8% in the second quarter. BlackRock Inc. now owns 2,351,300 shares of the company’s stock valued at $122,266,000 after purchasing an additional 566,881 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Tactile Systems Technology in the second quarter valued at approximately $11,777,000. Wells Fargo & Company MN grew its position in shares of Tactile Systems Technology by 142.0% in the third quarter. Wells Fargo & Company MN now owns 264,634 shares of the company’s stock valued at $18,803,000 after purchasing an additional 155,289 shares in the last quarter. Rehmann Capital Advisory Group grew its position in shares of Tactile Systems Technology by 50,481.5% in the third quarter. Rehmann Capital Advisory Group now owns 76,378 shares of the company’s stock valued at $1,075,000 after purchasing an additional 76,227 shares in the last quarter. Finally, Castleark Management LLC purchased a new stake in shares of Tactile Systems Technology in the third quarter valued at approximately $4,885,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/bryan-rishe-sells-3000-shares-of-tactile-systems-technology-inc-tcmd-stock/2753521.html.

About Tactile Systems Technology

Tactile Systems Technology, Inc is a medical technology company, which develops and provides innovative medical devices for the treatment of chronic diseases at home. The company focus on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.

Further Reading: Hedge Funds

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.