Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Bryan Rishe sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $32.86, for a total value of $49,290.00. Following the transaction, the vice president now owns 109,807 shares in the company, valued at approximately $3,608,258.02. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Tuesday, September 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were 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 shares were sold at an average price of $33.57, for a total value 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 value 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 value 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 value of $42,660.00.

Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) traded down 9.18% on Friday, reaching $30.86. The company’s stock had a trading volume of 705,681 shares. The company has a 50 day moving average of $32.90 and a 200 day moving average of $25.64. Tactile Systems Technology, Inc. has a 1-year low of $14.37 and a 1-year high of $37.88. The stock has a market capitalization of $542.70 million, a P/E ratio of 116.89 and a beta of 0.35.

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

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TCMD has been the topic of a number of research reports. BTIG Research lowered Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. Zacks Investment Research upgraded Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Thursday, August 10th. ValuEngine upgraded Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Piper Jaffray Companies raised their price objective on Tactile Systems Technology from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. Finally, Canaccord Genuity restated a “buy” rating and issued a $37.00 price objective (up previously from $28.00) on shares of Tactile Systems Technology in a report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $34.00.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Lord Abbett & CO. LLC boosted its position in Tactile Systems Technology by 108.3% during the second quarter. Lord Abbett & CO. LLC now owns 371,980 shares of the company’s stock worth $10,631,000 after purchasing an additional 193,429 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Tactile Systems Technology during the second quarter worth $2,429,000. Koch Industries Inc. purchased a new stake in Tactile Systems Technology during the second quarter worth $217,000. Asymmetry Capital Management L.P. purchased a new stake in Tactile Systems Technology during the second quarter worth $1,741,000. Finally, California State Teachers Retirement System boosted its position in Tactile Systems Technology by 92.9% during the second quarter. California State Teachers Retirement System now owns 16,200 shares of the company’s stock worth $463,000 after purchasing an additional 7,800 shares in the last quarter. Institutional investors own 45.65% 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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