Tactile Systems Technology, Inc. (NASDAQ:TCMD) COO Robert J. Folkes sold 2,955 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $30.81, for a total value of $91,043.55. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Robert J. Folkes also recently made the following trade(s):

  • On Wednesday, August 9th, Robert J. Folkes sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $32.54, for a total value of $48,810.00.

Shares of Tactile Systems Technology, Inc. (NASDAQ TCMD) traded up 2.78% during trading on Thursday, reaching $33.66. The company’s stock had a trading volume of 206,083 shares. The stock’s 50-day moving average is $33.08 and its 200-day moving average is $26.57. Tactile Systems Technology, Inc. has a 12-month low of $14.37 and a 12-month high of $37.88. The stock has a market cap of $591.94 million, a P/E ratio of 127.50 and a beta of -0.07.

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

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A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in Tactile Systems Technology by 39.3% during the second quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock worth $127,000 after purchasing an additional 1,252 shares during the last quarter. Nationwide Fund Advisors lifted its stake in Tactile Systems Technology by 201.8% during the second quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock worth $148,000 after purchasing an additional 3,457 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Tactile Systems Technology by 33.7% during the first quarter. Bank of New York Mellon Corp now owns 13,805 shares of the company’s stock worth $262,000 after purchasing an additional 3,480 shares during the last quarter. Bank of Montreal Can bought a new stake in Tactile Systems Technology during the second quarter worth about $146,000. Finally, Bank of America Corp DE lifted its stake in Tactile Systems Technology by 1,118.5% during the first quarter. Bank of America Corp DE now owns 6,982 shares of the company’s stock worth $133,000 after purchasing an additional 6,409 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on TCMD shares. Zacks Investment Research cut Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. ValuEngine raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Piper Jaffray Companies upped their target price on Tactile Systems Technology from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, August 8th. Canaccord Genuity reaffirmed a “buy” rating and issued a $37.00 target price (up previously from $28.00) on shares of Tactile Systems Technology in a report on Tuesday, August 8th. Finally, BTIG Research cut Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Tactile Systems Technology presently has a consensus rating of “Buy” and a consensus target price of $34.00.

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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