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

Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Bryan Rishe sold 1,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $28.29, for a total transaction of $42,435.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Thursday, July 20th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $30.41, for a total transaction of $45,615.00.
  • On Monday, July 3rd, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $28.44, for a total transaction of $42,660.00.
  • On Monday, June 5th, Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $26.45, for a total transaction of $39,675.00.

Tactile Systems Technology, Inc. (TCMD) traded up 0.24% during midday trading on Friday, hitting $33.84. 360,202 shares of the company traded hands. Tactile Systems Technology, Inc. has a 12-month low of $12.70 and a 12-month high of $35.79. The stock has a market cap of $595.11 million and a P/E ratio of 128.18. The stock has a 50 day moving average of $30.35 and a 200 day moving average of $22.94.

Tactile Systems Technology (NASDAQ:TCMD) last announced its earnings results on Monday, August 7th. The company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.03. Tactile Systems Technology had a return on equity of 3.05% and a net margin of 4.97%. The business had revenue of $26.30 million during the quarter, compared to analysts’ expectations of $23.88 million. During the same quarter last year, the business posted $0.04 earnings per share. The company’s quarterly revenue was up 33.5% on a year-over-year basis. Equities research analysts predict that Tactile Systems Technology, Inc. will post $0.28 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in TCMD. Public Employees Retirement System of Ohio purchased a new position in shares of Tactile Systems Technology during the second quarter valued at $2,429,000. Koch Industries Inc. purchased a new position in shares of Tactile Systems Technology during the second quarter valued at $217,000. Asymmetry Capital Management L.P. purchased a new position in shares of Tactile Systems Technology during the second quarter valued at $1,741,000. California State Teachers Retirement System boosted its position in shares of Tactile Systems Technology by 92.9% in the second quarter. California State Teachers Retirement System now owns 16,200 shares of the company’s stock valued at $463,000 after buying an additional 7,800 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Tactile Systems Technology by 10,882.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock valued at $213,000 after buying an additional 7,400 shares in the last quarter. 35.05% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Thursday, August 10th. Canaccord Genuity reiterated a “buy” rating and issued a $37.00 price objective (up from $28.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 8th. Piper Jaffray Companies boosted their price objective on shares of Tactile Systems Technology from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 8th. Finally, ValuEngine upgraded shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $34.00.

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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