Tactile Systems Technology, Inc. (NASDAQ:TCMD) CEO Gerald R. Mattys sold 21,613 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $26.03, for a total value of $562,586.39. Following the completion of the transaction, the chief executive officer now directly owns 334,013 shares in the company, valued at $8,694,358.39. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Tactile Systems Technology, Inc. (NASDAQ TCMD) opened at $27.91 on Friday. Tactile Systems Technology, Inc. has a 12 month low of $14.37 and a 12 month high of $37.88. The stock has a market cap of $494.06, a PE ratio of 186.07, a PEG ratio of 4.58 and a beta of -0.57.

Tactile Systems Technology (NASDAQ:TCMD) last posted its earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. Tactile Systems Technology had a net margin of 5.84% and a return on equity of 4.75%. The business had revenue of $28.28 million for the quarter, compared to analyst estimates of $27.66 million. During the same period in the prior year, the company posted $0.01 EPS. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. analysts anticipate that Tactile Systems Technology, Inc. will post 0.31 EPS for the current year.

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Several hedge funds have recently bought and sold shares of the company. Peregrine Capital Management LLC purchased a new stake in shares of Tactile Systems Technology during the 3rd quarter worth about $16,984,000. Russell Investments Group Ltd. boosted its stake in shares of Tactile Systems Technology by 12.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 522,050 shares of the company’s stock worth $16,157,000 after acquiring an additional 56,565 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Tactile Systems Technology by 6.8% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 466,903 shares of the company’s stock worth $14,451,000 after acquiring an additional 29,912 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Tactile Systems Technology by 18.8% during the 2nd quarter. Vanguard Group Inc. now owns 376,161 shares of the company’s stock worth $10,750,000 after acquiring an additional 59,595 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Tactile Systems Technology by 108.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 371,980 shares of the company’s stock worth $10,631,000 after acquiring an additional 193,429 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. Canaccord Genuity reissued a “buy” rating and issued a $37.00 target price (up from $28.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 8th. BTIG Research raised Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. ValuEngine raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Northland Securities reissued a “hold” rating and issued a $31.50 target price on shares of Tactile Systems Technology in a research report on Monday, October 16th. Finally, Zacks Investment Research downgraded Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $34.25.

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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