Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe Sells 4,813 Shares

Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 4,813 shares of Tactile Systems Technology stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $51.53, for a total value of $248,013.89. Following the completion of the transaction, the senior vice president now owns 50,675 shares of the company’s stock, valued at approximately $2,611,282.75. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • 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.
  • On Thursday, October 10th, Bryan Rishe sold 4,813 shares of Tactile Systems Technology stock. The stock was sold at an average price of $42.64, for a total value of $205,226.32.
  • On Wednesday, September 25th, Bryan Rishe sold 4,812 shares of Tactile Systems Technology stock. The stock was sold at an average price of $45.80, for a total value of $220,389.60.
  • On Tuesday, September 10th, Bryan Rishe sold 4,813 shares of Tactile Systems Technology stock. The stock was sold at an average price of $48.69, for a total value of $234,344.97.
  • 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 value of $233,959.44.

Tactile Systems Technology stock traded up $0.31 during mid-day trading on Thursday, hitting $53.65. 3,339 shares of the company’s stock traded hands, compared to its average volume of 219,281. The firm has a 50 day moving average price of $45.93 and a 200 day moving average price of $50.67. 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 has a market cap of $980.35 million, a PE ratio of 157.56, a price-to-earnings-growth ratio of 6.73 and a beta of 2.01. Tactile Systems Technology Inc has a one year low of $37.40 and a one year 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 the consensus estimate of $0.11 by $0.01. The firm had revenue of $49.60 million for the quarter, compared to the consensus estimate of $45.47 million. Tactile Systems Technology had a return on equity of 9.41% and a net margin of 5.06%. The firm’s revenue for the quarter was up 36.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. On average, analysts expect that Tactile Systems Technology Inc will post 0.61 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Capital Fund Management S.A. raised its stake in shares of Tactile Systems Technology by 91.7% in the 2nd quarter. Capital Fund Management S.A. now owns 18,400 shares of the company’s stock worth $1,047,000 after buying an additional 8,800 shares in the last quarter. AWM Investment Company Inc. raised its stake in shares of Tactile Systems Technology by 8.0% in the 2nd quarter. AWM Investment Company Inc. now owns 134,714 shares of the company’s stock worth $7,668,000 after buying an additional 10,000 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Tactile Systems Technology by 11.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 17,758 shares of the company’s stock worth $1,011,000 after buying an additional 1,755 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Tactile Systems Technology by 109.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 51,335 shares of the company’s stock worth $2,772,000 after buying an additional 26,792 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its stake in shares of Tactile Systems Technology by 124.9% in the 2nd quarter. Wasatch Advisors Inc. now owns 112,545 shares of the company’s stock worth $6,406,000 after buying an additional 62,501 shares in the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on TCMD. ValuEngine raised Tactile Systems Technology from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Piper Jaffray Companies cut their price target on Tactile Systems Technology from $84.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Oppenheimer began coverage on Tactile Systems Technology in a report on Tuesday, October 22nd. They issued a “market perform” rating on the stock. BTIG Research raised Tactile Systems Technology from a “neutral” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Wednesday, August 7th. Finally, TheStreet raised Tactile Systems Technology from a “d+” rating to a “c+” rating in a report on Monday, July 29th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $70.14.

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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