Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 1,500 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $28.67, for a total transaction of $43,005.00. Following the sale, the senior vice president now directly owns 94,645 shares of the company’s stock, valued at $2,713,472.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Wednesday, December 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $29.54, for a total transaction of $44,310.00.
  • On Monday, December 4th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $29.34, for a total transaction of $44,010.00.
  • On Monday, November 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $28.51, for a total transaction of $42,765.00.
  • On Friday, November 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $27.21, for a total transaction of $40,815.00.
  • On Friday, October 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $31.87, for a total transaction of $47,805.00.

Shares of Tactile Systems Technology Inc (TCMD) opened at $28.16 on Wednesday. The stock has a market cap of $498.48 and a P/E ratio of 88.00. 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 posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $28.28 million during the quarter, compared to analyst estimates of $27.66 million. Tactile Systems Technology had a net margin of 5.84% and a return on equity of 4.75%. The firm’s revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. sell-side analysts anticipate that Tactile Systems Technology Inc will post 0.34 EPS for the current fiscal year.

A number of research firms have commented on TCMD. Canaccord Genuity reaffirmed a “buy” rating and set a $37.00 price objective on shares of Tactile Systems Technology in a research note on Wednesday, January 3rd. BidaskClub lowered shares of Tactile Systems Technology from a “hold” rating to a “sell” rating in a research note on Saturday. Northland Securities reaffirmed a “hold” rating and set a $31.50 price objective on shares of Tactile Systems Technology in a research note on Monday, October 16th. Zacks Investment Research lowered shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, BTIG Research raised shares of Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Tactile Systems Technology presently has a consensus rating of “Buy” and an average price target of $34.25.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp lifted its position in shares of Tactile Systems Technology by 125.4% in the second quarter. Northern Trust Corp now owns 95,227 shares of the company’s stock worth $2,721,000 after purchasing an additional 52,985 shares in the last quarter. Menta Capital LLC lifted its position in shares of Tactile Systems Technology by 66.9% in the second quarter. Menta Capital LLC now owns 28,186 shares of the company’s stock worth $806,000 after purchasing an additional 11,300 shares in the last quarter. State Street Corp lifted its position in shares of Tactile Systems Technology by 115.1% in the second quarter. State Street Corp now owns 121,255 shares of the company’s stock worth $3,466,000 after purchasing an additional 64,883 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Tactile Systems Technology by 237.1% in the second quarter. TIAA CREF Investment Management LLC now owns 24,897 shares of the company’s stock worth $712,000 after purchasing an additional 17,512 shares in the last quarter. Finally, Nicholas Investment Partners LP purchased a new stake in shares of Tactile Systems Technology in the second quarter worth approximately $1,723,000. 71.68% of the stock is owned by institutional investors and hedge funds.

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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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