Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $32.77, for a total transaction of $49,155.00. Following the completion of the sale, the vice president now directly owns 111,307 shares in the company, valued at approximately $3,647,530.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • 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.
  • On Monday, July 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $28.44, for a total transaction of $42,660.00.

Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) traded down 3.07% during mid-day trading on Friday, hitting $34.44. 177,093 shares of the company traded hands. The firm has a 50-day moving average price of $31.78 and a 200 day moving average price of $24.62. Tactile Systems Technology, Inc. has a 52-week low of $14.37 and a 52-week high of $36.20. The firm has a market cap of $605.66 million, a price-to-earnings ratio of 130.45 and a beta of 0.35.

Tactile Systems Technology (NASDAQ:TCMD) last announced its earnings results on Monday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.03. The firm had revenue of $26.30 million during the quarter, compared to analyst estimates of $23.88 million. Tactile Systems Technology had a net margin of 4.97% and a return on equity of 3.05%. Tactile Systems Technology’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 EPS. Equities research analysts anticipate that Tactile Systems Technology, Inc. will post $0.28 EPS for the current fiscal year.

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Several analysts recently commented on TCMD shares. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday, May 11th. ValuEngine upgraded shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $34.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lord Abbett & CO. LLC grew its position 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 in the last quarter. Public Employees Retirement System of Ohio bought a new position in Tactile Systems Technology in the 2nd quarter valued at about $2,429,000. Koch Industries Inc. bought a new position in Tactile Systems Technology in the 2nd quarter valued at about $217,000. Asymmetry Capital Management L.P. bought a new position in Tactile Systems Technology in the 2nd quarter valued at about $1,741,000. Finally, California State Teachers Retirement System grew its position in Tactile Systems Technology by 92.9% in the 2nd quarter. California State Teachers Retirement System now owns 16,200 shares of the company’s stock valued at $463,000 after buying an additional 7,800 shares in the last quarter. Hedge funds and other institutional investors own 46.00% of the company’s stock.

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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