Insider Selling: Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Sells $234,344.97 in Stock

Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 4,813 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $48.69, for a total transaction of $234,344.97. Following the completion of the sale, the senior vice president now directly owns 50,675 shares of the company’s stock, valued at $2,467,365.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, August 26th, Bryan Rishe sold 4,812 shares of Tactile Systems Technology stock. The stock was sold at an average price of $48.62, for a total transaction of $233,959.44.
  • On Monday, August 12th, Bryan Rishe sold 4,813 shares of Tactile Systems Technology stock. The stock was sold at an average price of $48.67, for a total transaction of $234,248.71.
  • On Thursday, July 25th, Bryan Rishe sold 4,812 shares of Tactile Systems Technology stock. The stock was sold at an average price of $54.31, for a total transaction of $261,339.72.
  • On Wednesday, July 10th, Bryan Rishe sold 4,813 shares of Tactile Systems Technology stock. The stock was sold at an average price of $55.27, for a total transaction of $266,014.51.
  • On Tuesday, June 25th, Bryan Rishe sold 4,812 shares of Tactile Systems Technology stock. The stock was sold at an average price of $53.82, for a total transaction of $258,981.84.

Shares of TCMD opened at $52.72 on Friday. The firm has a market cap of $987.78 million, a PE ratio of 122.02, a PEG ratio of 4.41 and a beta of 2.06. The firm’s 50 day moving average price is $51.21 and its 200 day moving average price is $54.51. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.34 and a current ratio of 5.04. Tactile Systems Technology Inc has a twelve month low of $37.40 and a twelve month high of $76.63.



Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.09. The firm had revenue of $45.20 million for the quarter, compared to analyst estimates of $42.60 million. Tactile Systems Technology had a net margin of 5.05% and a return on equity of 9.19%. The company’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 earnings per share. On average, sell-side analysts anticipate that Tactile Systems Technology Inc will post 0.6 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of TCMD. BNP Paribas Arbitrage SA raised its position in shares of Tactile Systems Technology by 73,060.0% in the first quarter. BNP Paribas Arbitrage SA now owns 3,658 shares of the company’s stock valued at $193,000 after purchasing an additional 3,653 shares during the period. Arizona State Retirement System raised its position in shares of Tactile Systems Technology by 1.6% in the first quarter. Arizona State Retirement System now owns 26,309 shares of the company’s stock valued at $1,387,000 after purchasing an additional 421 shares during the period. Rhumbline Advisers raised its position in shares of Tactile Systems Technology by 2.0% in the first quarter. Rhumbline Advisers now owns 49,517 shares of the company’s stock valued at $2,611,000 after purchasing an additional 978 shares during the period. Comerica Bank raised its position in shares of Tactile Systems Technology by 4.2% in the first quarter. Comerica Bank now owns 16,977 shares of the company’s stock valued at $912,000 after purchasing an additional 683 shares during the period. Finally, Texas Permanent School Fund raised its position in shares of Tactile Systems Technology by 5.3% in the first quarter. Texas Permanent School Fund now owns 11,580 shares of the company’s stock valued at $610,000 after purchasing an additional 579 shares during the period. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on TCMD shares. Zacks Investment Research lowered shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. BidaskClub lowered shares of Tactile Systems Technology from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. TheStreet raised shares of Tactile Systems Technology from a “d+” rating to a “c+” rating in a research report on Monday, July 29th. Dougherty & Co started coverage on shares of Tactile Systems Technology in a research report on Thursday, June 13th. They set a “buy” rating and a $80.00 price objective on the stock. Finally, ValuEngine raised shares of Tactile Systems Technology from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $73.29.

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

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