Tactile Systems Technology Inc (TCMD) SVP Bryan Rishe Sells 3,000 Shares

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Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 3,000 shares of the firm’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $61.72, for a total value of $185,160.00. Following the completion of the sale, the senior vice president now directly owns 70,328 shares of the company’s stock, valued at $4,340,644.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Friday, September 14th, Bryan Rishe sold 3,000 shares of Tactile Systems Technology stock. The stock was sold at an average price of $68.75, for a total value of $206,250.00.
  • On Wednesday, August 15th, Bryan Rishe sold 3,000 shares of Tactile Systems Technology stock. The stock was sold at an average price of $57.52, for a total value of $172,560.00.

NASDAQ:TCMD traded up $0.15 during trading hours on Wednesday, reaching $66.41. The stock had a trading volume of 131,700 shares, compared to its average volume of 229,590. The company has a market capitalization of $1.30 billion, a P/E ratio of 316.24, a P/E/G ratio of 10.99 and a beta of 1.05. Tactile Systems Technology Inc has a 12-month low of $22.72 and a 12-month high of $73.24.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings results on Monday, August 6th. The company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.09. The company had revenue of $34.10 million during the quarter, compared to analysts’ expectations of $31.49 million. Tactile Systems Technology had a return on equity of 8.41% and a net margin of 4.91%. The firm’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. Analysts forecast that Tactile Systems Technology Inc will post 0.32 EPS for the current year.

A number of analysts have issued reports on the company. BidaskClub raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 7th. Piper Jaffray Companies reissued an “overweight” rating and issued a $77.00 target price on shares of Tactile Systems Technology in a research report on Monday, September 10th. Canaccord Genuity raised their target price on Tactile Systems Technology from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Zacks Investment Research downgraded Tactile Systems Technology from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. Finally, TheStreet downgraded Tactile Systems Technology from a “c+” rating to a “d+” rating in a research report on Monday, August 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $67.33.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its position in shares of Tactile Systems Technology by 12.1% in the third quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the company’s stock valued at $526,000 after purchasing an additional 800 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its position in shares of Tactile Systems Technology by 30.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 5,818 shares of the company’s stock valued at $303,000 after purchasing an additional 1,353 shares in the last quarter. Perkins Capital Management Inc. grew its position in shares of Tactile Systems Technology by 3.3% in the second quarter. Perkins Capital Management Inc. now owns 52,624 shares of the company’s stock valued at $2,736,000 after purchasing an additional 1,700 shares in the last quarter. Legal & General Group Plc grew its position in shares of Tactile Systems Technology by 7.0% in the first quarter. Legal & General Group Plc now owns 27,074 shares of the company’s stock valued at $853,000 after purchasing an additional 1,769 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Tactile Systems Technology by 11.3% in the second quarter. Swiss National Bank now owns 26,700 shares of the company’s stock valued at $1,388,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors own 95.64% 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 proprietary 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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