Bryan Rishe Sells 2,331 Shares of Tactile Systems Technology Inc (NASDAQ:TCMD) Stock

Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 2,331 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $68.77, for a total value of $160,302.87. Following the completion of the sale, the senior vice president now directly owns 43,531 shares in the company, valued at $2,993,626.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Tuesday, December 10th, Bryan Rishe sold 4,813 shares of Tactile Systems Technology stock. The stock was sold at an average price of $64.23, for a total value of $309,138.99.
  • On Monday, November 25th, Bryan Rishe sold 4,812 shares of Tactile Systems Technology stock. The stock was sold at an average price of $64.22, for a total value of $309,026.64.
  • On Monday, November 11th, Bryan Rishe sold 4,813 shares of Tactile Systems Technology stock. The stock was sold at an average price of $51.53, for a total value of $248,013.89.
  • On Friday, October 25th, Bryan Rishe sold 4,812 shares of Tactile Systems Technology stock. The stock was sold at an average price of $44.88, for a total value of $215,962.56.

TCMD traded up $0.42 during mid-day trading on Tuesday, reaching $63.42. 356,258 shares of the company traded hands, compared to its average volume of 245,973. The stock has a market capitalization of $1.33 billion, a P/E ratio of 186.44, a P/E/G ratio of 9.36 and a beta of 2.17. The company has a quick ratio of 3.56, a current ratio of 4.26 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average price is $66.67 and its 200-day moving average price is $54.70. Tactile Systems Technology Inc has a 52-week low of $40.62 and a 52-week high of $76.63.

Tactile Systems Technology (NASDAQ:TCMD) last announced its earnings results on Monday, November 4th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $49.60 million during the quarter, compared to analyst estimates of $45.47 million. Tactile Systems Technology had a net margin of 5.06% and a return on equity of 9.41%. The company’s quarterly revenue was up 36.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS. As a group, sell-side analysts forecast that Tactile Systems Technology Inc will post 0.61 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on TCMD shares. Piper Jaffray Companies started coverage on Tactile Systems Technology in a research report on Monday, November 18th. They issued a “buy” rating and a $70.00 price objective on the stock. Oppenheimer started coverage on Tactile Systems Technology in a research report on Tuesday, October 22nd. They issued a “market perform” rating on the stock. TheStreet raised Tactile Systems Technology from a “c+” rating to a “b-” rating in a research report on Friday, December 6th. BidaskClub cut Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 31st. Finally, Zacks Investment Research cut Tactile Systems Technology from a “hold” rating to a “sell” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $71.57.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System increased its stake in shares of Tactile Systems Technology by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 28,298 shares of the company’s stock worth $1,198,000 after purchasing an additional 338 shares in the last quarter. BBVA USA Bancshares Inc. purchased a new stake in shares of Tactile Systems Technology during the third quarter worth about $339,000. Mason Street Advisors LLC grew its holdings in shares of Tactile Systems Technology by 12.6% during the third quarter. Mason Street Advisors LLC now owns 6,441 shares of the company’s stock worth $273,000 after buying an additional 722 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Tactile Systems Technology by 40.4% during the third quarter. First Trust Advisors LP now owns 52,699 shares of the company’s stock worth $2,230,000 after buying an additional 15,173 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Tactile Systems Technology by 125.6% during the third quarter. Russell Investments Group Ltd. now owns 179,331 shares of the company’s stock worth $7,590,000 after buying an additional 99,831 shares in the last quarter. Institutional investors and hedge funds own 98.64% 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 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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