Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 1,500 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $31.68, for a total value of $47,520.00. Following the completion of the sale, the senior vice president now owns 91,645 shares of the company’s stock, valued at $2,903,313.60. The sale 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 Monday, January 22nd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $30.92, for a total value of $46,380.00.
  • On Friday, January 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $28.67, for a total value of $43,005.00.
  • 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 value 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 value 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 value of $42,765.00.

Tactile Systems Technology Inc (NASDAQ:TCMD) opened at $30.31 on Thursday. The stock has a market capitalization of $536.54 and a PE ratio of 94.72. Tactile Systems Technology Inc has a 12 month low of $14.98 and a 12 month high of $37.88.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $28.28 million during the quarter, compared to the consensus estimate of $27.66 million. Tactile Systems Technology had a return on equity of 7.99% and a net margin of 4.74%. The company’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 EPS. equities research analysts expect that Tactile Systems Technology Inc will post 0.34 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in TCMD. Peregrine Capital Management LLC acquired a new position in Tactile Systems Technology during the 3rd quarter valued at about $16,984,000. Koch Industries Inc. purchased a new position in shares of Tactile Systems Technology in the 2nd quarter worth approximately $217,000. Lord Abbett & CO. LLC boosted its stake in shares of Tactile Systems Technology by 108.3% in the 2nd quarter. Lord Abbett & CO. LLC now owns 371,980 shares of the company’s stock worth $10,631,000 after buying an additional 193,429 shares during the last quarter. Pier Capital LLC purchased a new position in shares of Tactile Systems Technology in the 3rd quarter worth approximately $5,635,000. Finally, Cortina Asset Management LLC purchased a new position in shares of Tactile Systems Technology in the 3rd quarter worth approximately $5,555,000. Institutional investors and hedge funds own 73.76% of the company’s stock.

Several analysts have recently commented on TCMD shares. Guggenheim assumed coverage on Tactile Systems Technology in a research note on Thursday, October 12th. They issued a “buy” rating and a $47.00 target price for the company. BidaskClub upgraded Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. Northland Securities assumed coverage on Tactile Systems Technology in a research note on Tuesday, October 17th. They set a “market perform” rating for the company. Zacks Investment Research upgraded Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a research note on Friday, November 10th. Finally, Sidoti assumed coverage on Tactile Systems Technology in a research note on Friday, December 8th. They set a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $34.25.

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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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