Tactile Systems Technology Inc (NASDAQ:TCMD) COO Robert J. Folkes sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $28.32, for a total value of $42,480.00. Following the sale, the chief operating officer now owns 119,777 shares in the company, valued at $3,392,084.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Tactile Systems Technology Inc (TCMD) traded up $1.15 during trading hours on Friday, reaching $29.41. The company’s stock had a trading volume of 190,451 shares, compared to its average volume of 184,856. Tactile Systems Technology Inc has a 12-month low of $14.37 and a 12-month high of $37.88. The firm has a market cap of $520.61 and a P/E ratio of 91.91.
Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. Tactile Systems Technology had a return on equity of 4.75% and a net margin of 5.84%. The firm had revenue of $28.28 million for the quarter, compared to the consensus estimate of $27.66 million. During the same quarter in the prior year, the business earned $0.01 EPS. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. equities analysts predict that Tactile Systems Technology Inc will post 0.34 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Tactile Systems Technology by 39.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock worth $127,000 after buying an additional 1,252 shares in the last quarter. Nationwide Fund Advisors lifted its stake in shares of Tactile Systems Technology by 201.8% in the 2nd quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock valued at $148,000 after purchasing an additional 3,457 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Tactile Systems Technology by 10,882.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock valued at $213,000 after purchasing an additional 7,400 shares during the period. Alliancebernstein L.P. acquired a new position in shares of Tactile Systems Technology in the 2nd quarter valued at $266,000. Finally, Rhumbline Advisers acquired a new position in shares of Tactile Systems Technology in the 2nd quarter valued at $267,000. 71.68% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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