Robert J. Folkes Sells 4,455 Shares of Tactile Systems Technology, Inc. (TCMD) Stock

Tactile Systems Technology, Inc. (NASDAQ:TCMD) COO Robert J. Folkes sold 4,455 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $28.32, for a total transaction of $126,165.60. The transaction was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $32.54, for a total transaction of $48,810.00.

Tactile Systems Technology, Inc. (TCMD) opened at $25.76 on Tuesday. Tactile Systems Technology, Inc. has a 52-week low of $14.37 and a 52-week high of $37.88. The company has a market capitalization of $454.14 and a PE ratio of 168.20.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. Tactile Systems Technology had a return on equity of 4.75% and a net margin of 5.84%. The firm had revenue of $28.28 million for the quarter, compared to analyst estimates of $27.66 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. Tactile Systems Technology’s quarterly revenue was up 25.0% on a year-over-year basis. research analysts anticipate that Tactile Systems Technology, Inc. will post 0.26 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of TCMD. Bank of New York Mellon Corp grew its stake in shares of Tactile Systems Technology by 33.7% in the first quarter. Bank of New York Mellon Corp now owns 13,805 shares of the company’s stock valued at $262,000 after buying an additional 3,480 shares in the last quarter. Vanguard Group Inc. grew its stake in Tactile Systems Technology by 109.6% during the 1st quarter. Vanguard Group Inc. now owns 316,566 shares of the company’s stock valued at $5,999,000 after purchasing an additional 165,506 shares in the last quarter. Geode Capital Management LLC grew its stake in Tactile Systems Technology by 17.2% during the 1st quarter. Geode Capital Management LLC now owns 70,704 shares of the company’s stock valued at $1,339,000 after purchasing an additional 10,377 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Tactile Systems Technology during the 1st quarter valued at approximately $2,789,000. Finally, Bank of America Corp DE grew its stake in Tactile Systems Technology by 1,118.5% during the 1st quarter. Bank of America Corp DE now owns 6,982 shares of the company’s stock valued at $133,000 after purchasing an additional 6,409 shares in the last quarter. Institutional investors and hedge funds own 49.63% of the company’s stock.

Several analysts recently issued reports on TCMD shares. ValuEngine upgraded shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Piper Jaffray Companies lifted their price target on shares of Tactile Systems Technology from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. Canaccord Genuity reissued a “buy” rating and issued a $37.00 target price (up previously from $28.00) on shares of Tactile Systems Technology in a report on Tuesday, August 8th. Zacks Investment Research raised shares of Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Thursday, August 10th. Finally, BTIG Research lowered shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $34.25.

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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