Tactile Systems Technology, Inc. (NASDAQ:TCMD) COO Sells $44,235.00 in Stock

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.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/08/11/tactile-systems-technology-inc-nasdaqtcmd-coo-robert-j-folkes-sells-1500-shares-of-stock-updated-updated-updated.html.

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.

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

What are top analysts saying about Tactile Systems Technology Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Tactile Systems Technology Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit