Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $31.68, for a total value of $47,520.00. Following the completion of the transaction, the senior vice president now directly owns 91,645 shares in the company, valued at $2,903,313.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, January 22nd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $30.92, for a total value of $46,380.00.
  • On Friday, January 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $28.67, for a total value of $43,005.00.
  • On Wednesday, December 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $29.54, for a total value of $44,310.00.
  • On Monday, December 4th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $29.34, for a total value of $44,010.00.
  • On Monday, November 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $28.51, for a total value of $42,765.00.

Shares of Tactile Systems Technology Inc (NASDAQ:TCMD) traded down $0.39 during trading hours on Thursday, hitting $29.92. The stock had a trading volume of 72,537 shares, compared to its average volume of 186,010. Tactile Systems Technology Inc has a one year low of $14.98 and a one year high of $37.88. The firm has a market cap of $542.56, a price-to-earnings ratio of 96.71, a PEG ratio of 6.86 and a beta of -0.23.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Tactile Systems Technology had a return on equity of 4.75% and a net margin of 5.84%. The company had revenue of $28.28 million for the quarter, compared to analyst estimates of $27.66 million. During the same quarter last year, the firm earned $0.01 EPS. Tactile Systems Technology’s revenue for the quarter was up 25.0% compared to the same quarter last year. sell-side analysts anticipate that Tactile Systems Technology Inc will post 0.34 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in TCMD. Schwab Charles Investment Management Inc. acquired a new stake in shares of Tactile Systems Technology during the 2nd quarter worth approximately $441,000. Rhumbline Advisers acquired a new stake in shares of Tactile Systems Technology during the 2nd quarter worth approximately $267,000. Bank of New York Mellon Corp grew its holdings in shares of Tactile Systems Technology by 452.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 76,255 shares of the company’s stock worth $2,180,000 after purchasing an additional 62,450 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Tactile Systems Technology by 39.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock worth $127,000 after purchasing an additional 1,252 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Tactile Systems Technology by 42.7% during the 2nd quarter. Wells Fargo & Company MN now owns 84,725 shares of the company’s stock worth $2,422,000 after purchasing an additional 25,336 shares in the last quarter. 73.76% of the stock is currently owned by institutional investors.

Several brokerages have commented on TCMD. Northland Securities reaffirmed a “hold” rating and issued a $31.50 price target on shares of Tactile Systems Technology in a research report on Monday, October 16th. BidaskClub raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. Zacks Investment Research downgraded Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Guggenheim began coverage on Tactile Systems Technology in a research report on Thursday, October 12th. They issued a “buy” rating and a $47.00 price target on the stock. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $37.00 price target on shares of Tactile Systems Technology in a research report on Wednesday, January 3rd. Four 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 company. Tactile Systems Technology presently has an average rating of “Buy” and a consensus price target of $34.25.

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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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