Tactile Systems Technology Inc (TCMD) COO Sells $42,480.00 in Stock

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.

A number of research firms recently commented on TCMD. BidaskClub lowered Tactile Systems Technology from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $37.00 price objective on shares of Tactile Systems Technology in a report on Wednesday, January 3rd. Sidoti began coverage on Tactile Systems Technology in a report on Friday, December 8th. They set a “neutral” rating on the stock. Zacks Investment Research raised Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a report on Friday, November 10th. Finally, BTIG Research raised Tactile Systems Technology from a “neutral” rating to a “buy” rating in a report on Thursday, November 9th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $34.25.

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.

Insider Buying and Selling by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

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