Insider Selling: Tactile Systems Technology Inc (TCMD) COO Sells 2,500 Shares of Stock
Tactile Systems Technology Inc (NASDAQ:TCMD) COO Robert J. Folkes sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $70.36, for a total value of $175,900.00. Following the completion of the transaction, the chief operating officer now directly owns 111,654 shares of the company’s stock, valued at approximately $7,855,975.44. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of NASDAQ:TCMD traded up $0.43 during trading on Thursday, hitting $62.93. The stock had a trading volume of 301,218 shares, compared to its average volume of 271,254. Tactile Systems Technology Inc has a 12 month low of $30.21 and a 12 month high of $76.63. The firm has a market capitalization of $1.24 billion, a P/E ratio of 224.75, a P/E/G ratio of 10.02 and a beta of 2.36.
Several large investors have recently made changes to their positions in TCMD. Geode Capital Management LLC increased its position in Tactile Systems Technology by 11.6% during the 4th quarter. Geode Capital Management LLC now owns 195,598 shares of the company’s stock valued at $8,908,000 after buying an additional 20,284 shares in the last quarter. HRT Financial LLC bought a new position in Tactile Systems Technology during the 4th quarter valued at approximately $304,000. Macquarie Group Ltd. increased its position in Tactile Systems Technology by 2.9% during the 4th quarter. Macquarie Group Ltd. now owns 47,676 shares of the company’s stock valued at $2,172,000 after buying an additional 1,337 shares in the last quarter. Legal & General Group Plc increased its position in Tactile Systems Technology by 1.0% during the 4th quarter. Legal & General Group Plc now owns 36,235 shares of the company’s stock valued at $1,629,000 after buying an additional 356 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Tactile Systems Technology by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 351,083 shares of the company’s stock valued at $15,992,000 after buying an additional 1,472 shares in the last quarter. 98.90% of the stock is owned by hedge funds and other institutional investors.
About Tactile Systems Technology
Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of chronic diseases in the United States. The company offers proprietary Flexitouch system, an at-home solution for lymphedema patients; and ACTitouch system, a home-based solution for chronic venous insufficiency patients.
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