Tactile Systems Technology, Inc. (NASDAQ:TCMD) COO Robert J. Folkes sold 4,455 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $28.32, for a total value of $126,165.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.
Tactile Systems Technology, Inc. (NASDAQ:TCMD) opened at $27.32 on Monday. The stock has a market capitalization of $481.64, a P/E ratio of 303.56, a P/E/G ratio of 5.61 and a beta of -0.57.
Tactile Systems Technology (NASDAQ:TCMD) last posted its earnings results on Monday, August 7th. The company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.03. The business had revenue of $26.30 million during the quarter, compared to the consensus estimate of $23.88 million. Tactile Systems Technology had a return on equity of 3.05% and a net margin of 4.97%. Tactile Systems Technology’s revenue was up 33.5% on a year-over-year basis. During the same quarter last year, the company earned $0.04 EPS. equities research analysts predict that Tactile Systems Technology, Inc. will post 0.24 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of TCMD. Peregrine Capital Management LLC bought a new position in shares of Tactile Systems Technology during the 3rd quarter worth approximately $16,984,000. Russell Investments Group Ltd. bought a new position in Tactile Systems Technology in the 2nd quarter valued at $13,304,000. Gilder Gagnon Howe & Co. LLC bought a new position in Tactile Systems Technology in the 2nd quarter valued at $12,489,000. Koch Industries Inc. bought a new position in Tactile Systems Technology in the 2nd quarter valued at $217,000. Finally, Lord Abbett & CO. LLC raised its position in Tactile Systems Technology by 108.3% in the 2nd quarter. Lord Abbett & CO. LLC now owns 371,980 shares of the company’s stock valued at $10,631,000 after purchasing an additional 193,429 shares during the last quarter. Institutional investors and hedge funds own 48.53% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research upgraded Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Thursday, August 10th. Piper Jaffray Companies raised their price objective on Tactile Systems Technology from $30.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 8th. Canaccord Genuity restated a “buy” rating and set a $37.00 target price (up previously from $28.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 8th. Northland Securities restated a “hold” rating and set a $31.50 target price on shares of Tactile Systems Technology in a research report on Monday, October 16th. Finally, ValuEngine upgraded Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $35.75.
About Tactile Systems Technology
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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