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 stock in a transaction on Friday, April 20th. The shares were sold at an average price of $35.04, for a total value of $52,560.00. Following the completion of the transaction, the senior vice president now directly owns 89,585 shares in the company, valued at approximately $3,139,058.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, March 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $31.02, for a total value of $46,530.00.
  • On Monday, March 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $31.35, for a total value of $47,025.00.
  • On Tuesday, February 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The shares were sold at an average price of $31.07, for a total value 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 value of $47,520.00.

Shares of Tactile Systems Technology stock opened at $34.50 on Friday. The firm has a market cap of $614.39, a P/E ratio of 164.29, a price-to-earnings-growth ratio of 6.31 and a beta of 0.42. Tactile Systems Technology Inc. has a 12 month low of $18.25 and a 12 month high of $37.88.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The business had revenue of $34.89 million for the quarter, compared to the consensus estimate of $34.30 million. Tactile Systems Technology had a return on equity of 6.09% and a net margin of 5.36%. analysts expect that Tactile Systems Technology Inc. will post 0.27 earnings per share for the current fiscal year.

TCMD has been the topic of a number of analyst reports. Zacks Investment Research raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Canaccord Genuity reissued a “buy” rating and issued a $37.00 price target on shares of Tactile Systems Technology in a research note on Wednesday, January 3rd. BidaskClub raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 17th. Northland Securities downgraded Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 27th. Finally, Piper Jaffray raised Tactile Systems Technology to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, February 20th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $36.90.

Institutional investors have recently modified their holdings of the stock. Cortina Asset Management LLC raised its stake in Tactile Systems Technology by 280.0% during the 4th quarter. Cortina Asset Management LLC now owns 681,966 shares of the company’s stock worth $19,763,000 after buying an additional 502,497 shares during the period. Sterling Capital Management LLC acquired a new stake in Tactile Systems Technology during the 4th quarter worth $1,464,000. Public Employees Retirement System of Ohio raised its stake in Tactile Systems Technology by 58.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 135,000 shares of the company’s stock worth $4,178,000 after buying an additional 50,000 shares during the period. Wasatch Advisors Inc. raised its stake in Tactile Systems Technology by 33.9% during the 4th quarter. Wasatch Advisors Inc. now owns 93,349 shares of the company’s stock worth $2,705,000 after buying an additional 23,620 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Tactile Systems Technology by 118.5% during the 4th quarter. Bank of New York Mellon Corp now owns 173,181 shares of the company’s stock worth $5,018,000 after buying an additional 93,934 shares during the period. 90.86% of the stock is currently owned by institutional investors and hedge funds.

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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