Tactile Systems Technology Inc (NASDAQ:TCMD) COO Sells $107,679.78 in Stock

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Tactile Systems Technology Inc (NASDAQ:TCMD) COO Robert J. Folkes sold 2,106 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $51.13, for a total transaction of $107,679.78. Following the sale, the chief operating officer now directly owns 86,278 shares in the company, valued at $4,411,394.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of NASDAQ TCMD opened at $49.63 on Thursday. The business’s 50 day moving average price is $54.31. The firm has a market cap of $941.10 million, a P/E ratio of 145.97, a P/E/G ratio of 4.20 and a beta of 1.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.04 and a quick ratio of 4.34. Tactile Systems Technology Inc has a 1 year low of $37.40 and a 1 year high of $76.63.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.09. The business had revenue of $45.20 million during the quarter, compared to the consensus estimate of $42.60 million. Tactile Systems Technology had a net margin of 5.05% and a return on equity of 9.19%. The business’s revenue was up 32.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 EPS. As a group, equities research analysts forecast that Tactile Systems Technology Inc will post 0.6 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on TCMD shares. Dougherty & Co started coverage on shares of Tactile Systems Technology in a research note on Thursday, June 13th. They set a “buy” rating and a $80.00 target price on the stock. Guggenheim increased their price objective on shares of Tactile Systems Technology from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Piper Jaffray Companies increased their price objective on shares of Tactile Systems Technology to $84.00 and gave the company an “overweight” rating in a report on Monday, May 6th. BTIG Research upgraded shares of Tactile Systems Technology from a “neutral” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Wednesday, August 7th. Finally, TheStreet upgraded shares of Tactile Systems Technology from a “d+” rating to a “c+” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Tactile Systems Technology currently has a consensus rating of “Buy” and an average target price of $73.29.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. increased its holdings in shares of Tactile Systems Technology by 0.7% during the 2nd quarter. Prudential Financial Inc. now owns 27,771 shares of the company’s stock worth $1,581,000 after buying an additional 200 shares during the last quarter. Mason Street Advisors LLC increased its holdings in shares of Tactile Systems Technology by 4.9% during the 1st quarter. Mason Street Advisors LLC now owns 5,477 shares of the company’s stock worth $289,000 after buying an additional 256 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Tactile Systems Technology by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 26,575 shares of the company’s stock worth $1,513,000 after buying an additional 266 shares during the last quarter. WINTON GROUP Ltd increased its holdings in shares of Tactile Systems Technology by 4.0% during the 2nd quarter. WINTON GROUP Ltd now owns 7,827 shares of the company’s stock worth $446,000 after buying an additional 301 shares during the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of Tactile Systems Technology by 2.1% during the 1st quarter. New York State Teachers Retirement System now owns 15,962 shares of the company’s stock worth $842,000 after buying an additional 329 shares during the last quarter. Institutional investors and hedge funds own 98.90% of the company’s stock.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of chronic diseases in the United States. The company offers Flexitouch system, an at-home solution for lymphedema patients; and ACTitouch system, a home-based solution for chronic venous insufficiency patients.

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