Insider Selling: Tactile Systems Technology Inc (TCMD) Director Sells 10,093 Shares of Stock

Tactile Systems Technology Inc (NASDAQ:TCMD) Director Kevin H. Roche sold 10,093 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $57.25, for a total value of $577,824.25. Following the completion of the sale, the director now directly owns 55,311 shares in the company, valued at approximately $3,166,554.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

NASDAQ:TCMD opened at $51.47 on Wednesday. Tactile Systems Technology Inc has a twelve month low of $37.40 and a twelve month high of $76.63. The stock has a market capitalization of $968.97 million, a price-to-earnings ratio of 151.38, a price-to-earnings-growth ratio of 5.84 and a beta of 2.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.59 and a current ratio of 4.96.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.20. The company had revenue of $37.60 million for the quarter, compared to analysts’ expectations of $33.30 million. Tactile Systems Technology had a return on equity of 8.17% and a net margin of 5.27%. Tactile Systems Technology’s quarterly revenue was up 40.3% on a year-over-year basis. As a group, research analysts expect that Tactile Systems Technology Inc will post 0.5 earnings per share for the current fiscal year.



Several analysts have weighed in on TCMD shares. BidaskClub cut Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. BTIG Research reaffirmed a “hold” rating on shares of Tactile Systems Technology in a report on Tuesday, March 5th. Canaccord Genuity raised their price target on Tactile Systems Technology from $55.00 to $80.00 and gave the company a “buy” rating in a report on Friday, March 1st. Zacks Investment Research cut Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, Northland Securities reaffirmed a “hold” rating and issued a $50.00 price target on shares of Tactile Systems Technology in a report on Friday, March 22nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $75.80.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. purchased a new position in shares of Tactile Systems Technology during the 1st quarter valued at about $25,000. NumerixS Investment Technologies Inc raised its holdings in shares of Tactile Systems Technology by 240.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 1,700 shares of the company’s stock valued at $75,000 after buying an additional 1,200 shares in the last quarter. Neuburgh Advisers LLC raised its holdings in shares of Tactile Systems Technology by 22.2% during the 4th quarter. Neuburgh Advisers LLC now owns 1,760 shares of the company’s stock valued at $80,000 after buying an additional 320 shares in the last quarter. BerganKDV Wealth Management LLC purchased a new position in shares of Tactile Systems Technology during the 1st quarter valued at about $158,000. Finally, LS Investment Advisors LLC raised its holdings in shares of Tactile Systems Technology by 580.2% during the 4th quarter. LS Investment Advisors LLC now owns 3,639 shares of the company’s stock valued at $166,000 after buying an additional 3,104 shares in the last quarter. 96.89% of the stock is currently owned by institutional investors.

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About Tactile Systems Technology

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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