Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $28.67, for a total transaction of $43,005.00. Following the transaction, the senior vice president now owns 94,645 shares in the company, valued at approximately $2,713,472.15. The sale was disclosed in a filing with the SEC, which is available at this link.

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

  • On Wednesday, December 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $29.54, for a total transaction of $44,310.00.
  • On Monday, December 4th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $29.34, for a total transaction of $44,010.00.
  • On Monday, November 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $28.51, for a total transaction of $42,765.00.
  • 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 transaction 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 transaction of $47,805.00.

Tactile Systems Technology Inc (TCMD) traded up $0.01 during trading hours on Tuesday, hitting $28.16. 234,422 shares of the stock were exchanged, compared to its average volume of 192,933. The firm has a market capitalization of $498.48 and a price-to-earnings ratio of 88.00. 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 released its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The firm had revenue of $28.28 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 earnings per share. analysts predict that Tactile Systems Technology Inc will post 0.34 earnings per share for the current fiscal year.

A number of brokerages have issued reports on TCMD. BidaskClub lowered shares of Tactile Systems Technology from a “hold” rating to a “sell” rating in a research note on Saturday. Canaccord Genuity restated a “buy” rating and set a $37.00 price target on shares of Tactile Systems Technology in a research note on Wednesday, January 3rd. Sidoti began coverage on shares of Tactile Systems Technology in a research note on Friday, December 8th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research note on Friday, November 10th. Finally, BTIG Research upgraded shares of Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $34.25.

Large investors have recently added to or reduced their stakes in the company. Northern Trust Corp increased its stake in shares of Tactile Systems Technology by 125.4% in the second quarter. Northern Trust Corp now owns 95,227 shares of the company’s stock worth $2,721,000 after acquiring an additional 52,985 shares during the period. Menta Capital LLC increased its stake in shares of Tactile Systems Technology by 66.9% in the second quarter. Menta Capital LLC now owns 28,186 shares of the company’s stock worth $806,000 after acquiring an additional 11,300 shares during the period. State Street Corp increased its stake in shares of Tactile Systems Technology by 115.1% in the second quarter. State Street Corp now owns 121,255 shares of the company’s stock worth $3,466,000 after acquiring an additional 64,883 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Tactile Systems Technology by 237.1% in the second quarter. TIAA CREF Investment Management LLC now owns 24,897 shares of the company’s stock worth $712,000 after acquiring an additional 17,512 shares during the period. Finally, Nicholas Investment Partners LP acquired a new stake in shares of Tactile Systems Technology in the second quarter worth $1,723,000. Hedge funds and other institutional investors own 71.68% 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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