Bryan Rishe Sells 1,500 Shares of Tactile Systems Technology Inc (TCMD) Stock

Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 1,500 shares of the company’s stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $31.02, for a total transaction of $46,530.00. Following the sale, the senior vice president now directly owns 91,085 shares of the company’s stock, valued at $2,825,456.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

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  • On Monday, March 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $31.35, for a total transaction of $47,025.00.
  • On Tuesday, February 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $31.07, for a total transaction of $46,605.00.
  • On Monday, February 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $31.68, for a total transaction of $47,520.00.
  • 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 transaction 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 transaction of $43,005.00.

TCMD stock opened at $31.00 on Friday. The company has a market cap of $565.86, a price-to-earnings ratio of 103.34, a P/E/G ratio of 5.15 and a beta of 0.11. Tactile Systems Technology Inc has a one year low of $16.69 and a one year high of $37.88.

A number of large investors have recently added to or reduced their stakes in the stock. Cadence Capital Management LLC raised its stake in shares of Tactile Systems Technology by 5.1% in the 3rd quarter. Cadence Capital Management LLC now owns 46,436 shares of the company’s stock valued at $1,437,000 after buying an additional 2,246 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Tactile Systems Technology by 34.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 10,001 shares of the company’s stock valued at $290,000 after buying an additional 2,536 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Tactile Systems Technology by 3.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 79,247 shares of the company’s stock valued at $2,453,000 after buying an additional 2,992 shares in the last quarter. AWM Investment Company Inc. raised its stake in shares of Tactile Systems Technology by 0.9% in the 4th quarter. AWM Investment Company Inc. now owns 486,035 shares of the company’s stock valued at $14,085,000 after buying an additional 4,262 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of Tactile Systems Technology by 71.4% in the 4th quarter. American International Group Inc. now owns 10,502 shares of the company’s stock valued at $304,000 after buying an additional 4,375 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Northland Securities cut shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 27th. Canaccord Genuity upped their target price on shares of Tactile Systems Technology from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. BidaskClub upgraded shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. Finally, Sidoti assumed coverage on shares of Tactile Systems Technology in a research note on Friday, December 8th. They set a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $36.90.

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About Tactile Systems Technology

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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