Tactile Systems Technology, Inc. (NASDAQ:TCMD) COO Robert J. Folkes sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $29.49, for a total value of $44,235.00. Following the sale, the chief operating officer now directly owns 129,837 shares of the company’s stock, valued at $3,828,893.13. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Robert J. Folkes also recently made the following trade(s):
- On Wednesday, August 9th, Robert J. Folkes sold 1,500 shares of Tactile Systems Technology stock. The stock was sold at an average price of $32.54, for a total value of $48,810.00.
Shares of Tactile Systems Technology, Inc. (TCMD) traded down 2.33% on Friday, reaching $30.57. The company’s stock had a trading volume of 158,603 shares. Tactile Systems Technology, Inc. has a 1-year low of $12.17 and a 1-year high of $35.79. The company’s 50 day moving average is $29.49 and its 200-day moving average is $22.19. The firm has a market cap of $537.60 million and a price-to-earnings ratio of 115.80.
Tactile Systems Technology (NASDAQ:TCMD) last announced its earnings results on Monday, August 7th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Tactile Systems Technology had a return on equity of 3.05% and a net margin of 4.97%. The firm had revenue of $26.30 million for the quarter, compared to the consensus estimate of $23.88 million. During the same quarter in the previous year, the business earned $0.04 EPS. The company’s revenue was up 33.5% compared to the same quarter last year. Equities research analysts expect that Tactile Systems Technology, Inc. will post $0.17 EPS for the current year.
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TCMD has been the topic of a number of recent analyst reports. Zacks Investment Research raised Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Saturday, May 20th. Canaccord Genuity reissued a “buy” rating and issued a $37.00 price objective (up from $28.00) on shares of Tactile Systems Technology in a research note on Tuesday. ValuEngine raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Piper Jaffray Companies raised their price objective on Tactile Systems Technology from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $34.00.
Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of Tactile Systems Technology during the second quarter worth $13,304,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Tactile Systems Technology during the second quarter worth $12,489,000. Driehaus Capital Management LLC increased its position in shares of Tactile Systems Technology by 32.1% in the first quarter. Driehaus Capital Management LLC now owns 427,166 shares of the company’s stock worth $8,095,000 after buying an additional 103,890 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Tactile Systems Technology by 18.8% in the second quarter. Vanguard Group Inc. now owns 376,161 shares of the company’s stock worth $10,750,000 after buying an additional 59,595 shares during the last quarter. Finally, Blair William & Co. IL increased its position in shares of Tactile Systems Technology by 105.8% in the second quarter. Blair William & Co. IL now owns 301,351 shares of the company’s stock worth $8,613,000 after buying an additional 154,915 shares during the last quarter. Hedge funds and other institutional investors own 34.73% of the company’s stock.
Tactile Systems Technology Company Profile
Tactile Systems Technology, Inc is a medical technology company that develops and provides medical devices for the treatment of chronic diseases at home. The Company is a manufacturer and distributor of the Flexitouch and Entre Systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition that is often an unintended consequence of cancer treatment, and the ACTitouch System, a medical device used to treat venous leg ulcers and chronic venous insufficiency.
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