Insider Selling: Tactile Systems Technology Inc (TCMD) SVP Sells 18,793 Shares of Stock

Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Maggie Thompson sold 18,793 shares of the company’s stock in a transaction on Tuesday, January 8th. The stock was sold at an average price of $51.00, for a total transaction of $958,443.00. Following the sale, the senior vice president now directly owns 11,553 shares in the company, valued at $589,203. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NASDAQ:TCMD opened at $62.13 on Friday. Tactile Systems Technology Inc has a one year low of $27.87 and a one year high of $73.24. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 295.86, a P/E/G ratio of 13.87 and a beta of 1.74.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings data on Monday, November 5th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.04. Tactile Systems Technology had a net margin of 4.92% and a return on equity of 8.53%. The firm had revenue of $36.30 million for the quarter, compared to the consensus estimate of $34.22 million. During the same period in the previous year, the company earned $0.07 earnings per share. The company’s quarterly revenue was up 28.3% on a year-over-year basis. Equities research analysts predict that Tactile Systems Technology Inc will post 0.24 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in shares of Tactile Systems Technology by 18.4% in the second quarter. Rhumbline Advisers now owns 37,780 shares of the company’s stock valued at $1,965,000 after purchasing an additional 5,873 shares during the last quarter. Northern Trust Corp grew its stake in shares of Tactile Systems Technology by 26.6% in the second quarter. Northern Trust Corp now owns 205,629 shares of the company’s stock valued at $10,693,000 after acquiring an additional 43,205 shares in the last quarter. Swiss National Bank grew its stake 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 acquiring an additional 2,700 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Tactile Systems Technology by 142.0% in the third quarter. Wells Fargo & Company MN now owns 264,634 shares of the company’s stock valued at $18,803,000 after acquiring an additional 155,289 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Tactile Systems Technology by 9.9% in the second quarter. Legal & General Group Plc now owns 29,766 shares of the company’s stock valued at $1,547,000 after acquiring an additional 2,692 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Several analysts have issued reports on TCMD shares. ValuEngine lowered shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $69.00 price objective on the stock in a report on Friday. Northland Securities upgraded shares of Tactile Systems Technology from an “under perform” rating to a “market perform” rating in a report on Wednesday, January 2nd. Piper Jaffray Companies upped their price objective on shares of Tactile Systems Technology to $80.00 and gave the company a “positive” rating in a report on Monday, January 7th. Finally, BidaskClub downgraded shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $65.50.

TRADEMARK VIOLATION WARNING: This report was first reported by WKRB News and is owned by of WKRB News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.wkrb13.com/2019/01/12/insider-selling-tactile-systems-technology-inc-tcmd-svp-sells-18793-shares-of-stock.html.

About Tactile Systems Technology

Tactile Systems Technology, Inc is a medical technology company, which develops and provides innovative medical devices for the treatment of chronic diseases at home. The company focus on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.

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Insider Buying and Selling by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

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