Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Bryan Rishe sold 1,500 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $27.21, for a total value of $40,815.00. Following the transaction, the vice president now owns 105,307 shares in the company, valued at approximately $2,865,403.47. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Friday, October 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $31.87, for a total value of $47,805.00.
  • On Tuesday, October 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $31.56, for a total value of $47,340.00.
  • On Wednesday, September 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $32.86, for a total value of $49,290.00.
  • On Tuesday, September 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $32.77, for a total value of $49,155.00.
  • On Monday, August 21st, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $33.57, for a total value of $50,355.00.

Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) traded down $2.41 on Wednesday, hitting $24.29. The stock had a trading volume of 245,566 shares, compared to its average volume of 211,948. Tactile Systems Technology, Inc. has a one year low of $14.37 and a one year high of $37.88. The company has a market cap of $481.29, a price-to-earnings ratio of 303.33, a price-to-earnings-growth ratio of 5.61 and a beta of -0.57.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Tactile Systems Technology had a return on equity of 3.05% and a net margin of 4.97%. 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 company posted $0.01 EPS. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. equities analysts expect that Tactile Systems Technology, Inc. will post 0.24 earnings per share for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of TCMD. Peregrine Capital Management LLC acquired a new stake in shares of Tactile Systems Technology during the 3rd quarter valued at $16,984,000. Russell Investments Group Ltd. acquired a new stake in shares of Tactile Systems Technology during the 2nd quarter valued at $13,304,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Tactile Systems Technology during the 2nd quarter valued at $12,489,000. Koch Industries Inc. acquired a new stake in shares of Tactile Systems Technology during the 2nd quarter valued at $217,000. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Tactile Systems Technology by 108.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 371,980 shares of the company’s stock valued at $10,631,000 after acquiring an additional 193,429 shares in the last quarter. Institutional investors own 48.53% of the company’s stock.

A number of equities analysts have commented on TCMD shares. Northland Securities restated a “hold” rating and set a $31.50 price objective on shares of Tactile Systems Technology in a research note on Monday, October 16th. ValuEngine upgraded Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research lowered Tactile Systems Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Canaccord Genuity reiterated a “buy” rating and issued a $37.00 price target (up previously from $28.00) on shares of Tactile Systems Technology in a research note on Tuesday, August 8th. Finally, Guggenheim started coverage on Tactile Systems Technology in a research note on Thursday, October 12th. They issued a “buy” rating and a $47.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $35.75.

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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