Insider Selling: Tactile Systems Technology, Inc. (TCMD) COO Sells $126,165.60 in Stock

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.

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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.

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

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