Tactile Systems Technology Inc (NASDAQ:TCMD)’s share price hit a new 52-week high during trading on Monday following insider buying activity. The company traded as high as $21.20 and last traded at $18.74, with a volume of 81,974 shares. The stock had previously closed at $19.52.

Specifically, Director Richard Nigon purchased 18,750 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were bought at an average price of $16.87 per share, for a total transaction of $316,312.50. Following the purchase, the director now directly owns 8,322 shares of the company’s stock, valued at approximately $140,392.14. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter H. Soderberg purchased 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was bought at an average price of $10.00 per share, for a total transaction of $1,000,000.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $50,000. The disclosure for this purchase can be found here.

Several analysts recently weighed in on TCMD shares. BTIG Research started coverage on Tactile Systems Technology in a research note on Monday, August 22nd. They issued a “buy” rating and a $18.00 price target on the stock. Canaccord Genuity started coverage on Tactile Systems Technology in a research note on Thursday, August 25th. They issued a “buy” rating and a $21.00 price target on the stock. William Blair started coverage on Tactile Systems Technology in a research note on Monday, August 22nd. They issued an “outperform” rating on the stock. Finally, Piper Jaffray Cos. started coverage on Tactile Systems Technology in a research note on Monday, August 22nd. They issued an “overweight” rating and a $17.00 price target on the stock.

The firm has a market cap of $322.86 million and a price-to-earnings ratio of 310.48. The stock’s 50-day moving average is $14.83 and its 200-day moving average is $14.56.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc is a medical technology company. The Company develops and provides medical devices for the treatment of chronic diseases at home. The Company focuses on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.

5 Day Chart for NASDAQ:TCMD

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