Tactile Systems Technology, Inc. (NASDAQ:TCMD – Get Free Report) CEO Sheri Louise Dodd sold 10,978 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $29.44, for a total value of $323,192.32. Following the sale, the chief executive officer owned 232,907 shares of the company’s stock, valued at approximately $6,856,782.08. This represents a 4.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Tactile Systems Technology Stock Down 3.3%
Shares of TCMD opened at $23.71 on Friday. Tactile Systems Technology, Inc. has a 12-month low of $12.25 and a 12-month high of $37.77. The business’s fifty day moving average is $28.10 and its 200 day moving average is $26.94. The stock has a market cap of $537.03 million, a P/E ratio of 21.95 and a beta of 0.81.
Tactile Systems Technology (NASDAQ:TCMD – Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.20. Tactile Systems Technology had a net margin of 7.10% and a return on equity of 11.62%. The business had revenue of $85.70 million during the quarter, compared to analyst estimates of $85.52 million. On average, analysts expect that Tactile Systems Technology, Inc. will post 1.07 EPS for the current year.
Analyst Ratings Changes
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Institutional Investors Weigh In On Tactile Systems Technology
A number of institutional investors have recently added to or reduced their stakes in the company. Paradigm Capital Management Inc. NY purchased a new stake in Tactile Systems Technology in the 2nd quarter valued at about $6,826,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Tactile Systems Technology in the 2nd quarter worth approximately $273,000. Globeflex Capital L P bought a new position in shares of Tactile Systems Technology in the second quarter valued at approximately $6,620,000. Quantbot Technologies LP purchased a new stake in shares of Tactile Systems Technology during the second quarter valued at approximately $101,000. Finally, Evolve Private Wealth LLC purchased a new stake in shares of Tactile Systems Technology during the second quarter valued at approximately $558,000. 83.43% of the stock is owned by institutional investors.
About Tactile Systems Technology
Tactile Systems Technology, Inc, headquartered in Plymouth, Minnesota, is a medical device company specializing in the design, manufacture and marketing of home-use pneumatic compression therapy systems for the treatment of lymphedema and other chronic edema-related conditions. Using proprietary software and patented pump technologies, the company’s platforms are designed to improve patient outcomes through sequential pressure treatment that promotes fluid mobilization and enhanced lymphatic function.
At the core of Tactile Systems’ product portfolio is the Flexitouch® system, a programmable pneumatic pump and garment system approved for home use, and the Aria® device, which features an intuitive touchscreen interface and advanced garment design.
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