Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 3,000 shares of Tactile Systems Technology stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $59.49, for a total value of $178,470.00. Following the sale, the senior vice president now directly owns 57,143 shares in the company, valued at $3,399,437.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Friday, December 14th, Bryan Rishe sold 3,000 shares of Tactile Systems Technology stock. The shares were sold at an average price of $51.22, for a total value of $153,660.00.
  • On Thursday, November 15th, Bryan Rishe sold 3,000 shares of Tactile Systems Technology stock. The shares were sold at an average price of $56.66, for a total value of $169,980.00.

TCMD stock opened at $63.21 on Friday. Tactile Systems Technology Inc has a fifty-two week low of $27.87 and a fifty-two week high of $73.24. The company has a market capitalization of $1.15 billion, a P/E ratio of 301.00, a P/E/G ratio of 14.39 and a beta of 1.74.

Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings data on Monday, November 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.04. Tactile Systems Technology had a net margin of 4.92% and a return on equity of 8.53%. The firm had revenue of $36.30 million during the quarter, compared to analysts’ expectations of $34.22 million. During the same quarter in the previous year, the company posted $0.07 EPS. Tactile Systems Technology’s revenue was up 28.3% on a year-over-year basis. On average, analysts expect that Tactile Systems Technology Inc will post 0.24 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on TCMD. BidaskClub upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating in a research note on Thursday, October 18th. ValuEngine upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. BTIG Research reiterated a “hold” rating on shares of Tactile Systems Technology in a research note on Tuesday, November 6th. Zacks Investment Research cut shares of Tactile Systems Technology from a “strong-buy” rating to a “hold” rating in a research note on Saturday, October 27th. Finally, Northland Securities restated a “hold” rating and issued a $38.00 price objective on shares of Tactile Systems Technology in a research report on Friday, January 11th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $65.50.

A number of hedge funds have recently bought and sold shares of the stock. Northern Trust Corp raised its position in shares of Tactile Systems Technology by 26.6% during the 2nd quarter. Northern Trust Corp now owns 205,629 shares of the company’s stock valued at $10,693,000 after acquiring an additional 43,205 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Tactile Systems Technology by 142.0% during the 3rd quarter. Wells Fargo & Company MN now owns 264,634 shares of the company’s stock valued at $18,803,000 after acquiring an additional 155,289 shares during the last quarter. MetLife Investment Advisors LLC raised its position in shares of Tactile Systems Technology by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 12,782 shares of the company’s stock valued at $908,000 after acquiring an additional 4,544 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Tactile Systems Technology during the 2nd quarter valued at $11,777,000. Finally, Legal & General Group Plc raised its position in shares of Tactile Systems Technology by 9.9% during the 2nd quarter. Legal & General Group Plc now owns 29,766 shares of the company’s stock valued at $1,547,000 after acquiring an additional 2,692 shares during the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

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About Tactile Systems Technology

Tactile Systems Technology, Inc is a medical technology company, which develops and provides innovative medical devices for the treatment of chronic diseases at home. The company focus on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.

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