Tactile Systems Technology Inc (TCMD) COO Robert J. Folkes Sells 5,000 Shares of Stock

Tactile Systems Technology Inc (NASDAQ:TCMD) COO Robert J. Folkes sold 5,000 shares of Tactile Systems Technology stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $66.04, for a total transaction of $330,200.00. Following the sale, the chief operating officer now owns 111,654 shares of the company’s stock, valued at $7,373,630.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ:TCMD traded up $0.26 on Friday, hitting $63.19. 427,200 shares of the company were exchanged, compared to its average volume of 274,320. Tactile Systems Technology Inc has a 1-year low of $30.21 and a 1-year high of $76.63. The company has a market capitalization of $1.18 billion, a P/E ratio of 225.68, a PEG ratio of 10.02 and a beta of 2.36.

Several equities research analysts have recently commented on TCMD shares. BidaskClub downgraded shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. ValuEngine downgraded shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Northland Securities upgraded shares of Tactile Systems Technology from an “under perform” rating to a “market perform” rating in a research note on Wednesday, January 2nd. Piper Jaffray Companies lifted their price objective on shares of Tactile Systems Technology to $80.00 and gave the stock a “positive” rating in a research note on Monday, January 7th. Finally, Zacks Investment Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Tactile Systems Technology currently has a consensus rating of “Buy” and a consensus price target of $70.00.



Several large investors have recently bought and sold shares of the company. NumerixS Investment Technologies Inc lifted its position in Tactile Systems Technology by 240.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 1,700 shares of the company’s stock valued at $75,000 after purchasing an additional 1,200 shares during the period. Rehmann Capital Advisory Group lifted its position in Tactile Systems Technology by 611.9% during the third quarter. Rehmann Capital Advisory Group now owns 1,075 shares of the company’s stock valued at $76,000 after purchasing an additional 924 shares during the period. Neuburgh Advisers LLC lifted its position in Tactile Systems Technology by 22.2% during the fourth quarter. Neuburgh Advisers LLC now owns 1,760 shares of the company’s stock valued at $80,000 after purchasing an additional 320 shares during the period. Riverhead Capital Management LLC acquired a new position in Tactile Systems Technology during the third quarter valued at $156,000. Finally, LS Investment Advisors LLC lifted its position in Tactile Systems Technology by 580.2% during the fourth quarter. LS Investment Advisors LLC now owns 3,639 shares of the company’s stock valued at $166,000 after purchasing an additional 3,104 shares during the period. Institutional investors and hedge funds own 98.90% of the company’s stock.

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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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