Tactile Systems Technology Inc (NASDAQ:TCMD) VP Bryan Rishe sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $31.56, for a total transaction of $47,340.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Wednesday, September 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $32.86, for a total transaction of $49,290.00.
  • On Tuesday, September 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $32.77, for a total transaction of $49,155.00.
  • On Monday, August 21st, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $33.57, for a total transaction of $50,355.00.
  • On Thursday, August 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $28.29, for a total transaction of $42,435.00.
  • On Thursday, July 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $30.41, for a total transaction of $45,615.00.

Tactile Systems Technology Inc (NASDAQ TCMD) traded down 0.24% during mid-day trading on Friday, hitting $32.76. 72,367 shares of the stock were exchanged. The company has a 50 day moving average price of $33.07 and a 200 day moving average price of $26.61. The firm has a market cap of $576.12 million, a price-to-earnings ratio of 124.09 and a beta of -0.07. Tactile Systems Technology Inc has a 52-week low of $14.37 and a 52-week high of $37.88.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The company had revenue of $26.30 million for the quarter, compared to analysts’ expectations of $23.88 million. Tactile Systems Technology had a net margin of 14.42% and a return on equity of 24.23%. Tactile Systems Technology’s revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 EPS. On average, analysts anticipate that Tactile Systems Technology Inc will post $0.28 EPS for the current year.

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A number of research analysts have issued reports on TCMD shares. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Thursday, August 10th. Canaccord Genuity reiterated a “buy” rating and issued a $37.00 price objective (up previously from $28.00) on shares of Tactile Systems Technology in a research note on Tuesday, August 8th. ValuEngine upgraded shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. BTIG Research lowered shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Monday, September 18th. Finally, Piper Jaffray Companies increased their price objective on shares of Tactile Systems Technology from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $34.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new position in Tactile Systems Technology in the 2nd quarter valued at $13,304,000. Gilder Gagnon Howe & Co. LLC acquired a new position in Tactile Systems Technology in the 2nd quarter valued at $12,489,000. Driehaus Capital Management LLC increased its stake in Tactile Systems Technology by 32.1% in the 1st quarter. Driehaus Capital Management LLC now owns 427,166 shares of the company’s stock valued at $8,095,000 after buying an additional 103,890 shares during the period. Vanguard Group Inc. increased its stake in Tactile Systems Technology by 18.8% in the 2nd quarter. Vanguard Group Inc. now owns 376,161 shares of the company’s stock valued at $10,750,000 after buying an additional 59,595 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in Tactile Systems Technology by 108.3% in the 2nd quarter. Lord Abbett & CO. LLC now owns 371,980 shares of the company’s stock valued at $10,631,000 after buying an additional 193,429 shares during the period. 45.65% of the stock is currently owned by institutional investors.

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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