Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 3,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $52.98, for a total value of $158,940.00. Following the sale, the senior vice president now directly owns 49,681 shares of the company’s stock, valued at $2,632,099.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Friday, March 15th, Bryan Rishe sold 3,000 shares of Tactile Systems Technology stock. The shares were sold at an average price of $62.70, for a total value of $188,100.00.
  • On Friday, February 15th, Bryan Rishe sold 3,000 shares of Tactile Systems Technology stock. The shares were sold at an average price of $69.44, for a total value of $208,320.00.

TCMD opened at $48.28 on Friday. The company has a market capitalization of $985.93 million, a PE ratio of 142.00, a price-to-earnings-growth ratio of 7.95 and a beta of 2.25. Tactile Systems Technology Inc has a 12 month low of $32.81 and a 12 month high of $76.63.

Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings results on Thursday, February 28th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.08 by $0.04. The business had revenue of $46.45 million during the quarter, compared to analysts’ expectations of $43.81 million. Tactile Systems Technology had a return on equity of 6.77% and a net margin of 4.61%. Sell-side analysts anticipate that Tactile Systems Technology Inc will post 0.33 earnings per share for the current fiscal year.

Several analysts have recently commented on TCMD shares. BidaskClub cut Tactile Systems Technology from a “hold” rating to a “sell” rating in a report on Thursday, December 20th. Northland Securities raised Tactile Systems Technology from an “under perform” rating to a “market perform” rating in a report on Wednesday, January 2nd. Piper Jaffray Companies raised their price target on Tactile Systems Technology to $80.00 and gave the company a “positive” rating in a report on Monday, January 7th. ValuEngine raised Tactile Systems Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Finally, Zacks Investment Research cut Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $73.00.

Several institutional investors and hedge funds have recently bought and sold shares of the company. MetLife Investment Advisors LLC raised its holdings in Tactile Systems Technology by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 12,782 shares of the company’s stock worth $908,000 after purchasing an additional 4,544 shares during the last quarter. Weiss Multi Strategy Advisers LLC raised its holdings in Tactile Systems Technology by 9.0% during the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 11,000 shares of the company’s stock worth $501,000 after purchasing an additional 904 shares during the last quarter. Vanguard Group Inc raised its holdings in Tactile Systems Technology by 6.8% during the third quarter. Vanguard Group Inc now owns 1,010,783 shares of the company’s stock worth $71,816,000 after purchasing an additional 63,944 shares during the last quarter. Putnam Investments LLC raised its holdings in Tactile Systems Technology by 146.3% during the third quarter. Putnam Investments LLC now owns 91,128 shares of the company’s stock worth $6,475,000 after purchasing an additional 54,123 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in Tactile Systems Technology by 20.5% during the third quarter. Legal & General Group Plc now owns 35,879 shares of the company’s stock worth $2,533,000 after purchasing an additional 6,113 shares during the last quarter. 97.11% of the stock is owned by institutional investors and hedge funds.

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About Tactile Systems Technology

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of chronic diseases in the United States. The company offers Flexitouch system, an at-home solution for lymphedema patients; and ACTitouch system, a home-based solution for chronic venous insufficiency patients.

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