Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Maggie Thompson sold 62,561 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $25.07, for a total transaction of $1,568,404.27. Following the completion of the sale, the vice president now directly owns 72,679 shares of the company’s stock, valued at approximately $1,822,062.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Maggie Thompson also recently made the following trade(s):
- On Wednesday, June 14th, Maggie Thompson sold 40,103 shares of Tactile Systems Technology stock. The shares were sold at an average price of $25.27, for a total transaction of $1,013,402.81.
- On Friday, April 7th, Maggie Thompson sold 15,000 shares of Tactile Systems Technology stock. The shares were sold at an average price of $18.87, for a total transaction of $283,050.00.
Shares of Tactile Systems Technology, Inc. (TCMD) traded up 1.35% during mid-day trading on Tuesday, hitting $26.99. 214,203 shares of the stock were exchanged. The stock’s 50-day moving average is $23.39 and its 200-day moving average is $18.66. Tactile Systems Technology, Inc. has a 52 week low of $10.00 and a 52 week high of $28.12. The stock has a market capitalization of $457.21 million and a price-to-earnings ratio of 243.15.
Tactile Systems Technology (NASDAQ:TCMD) last announced its earnings results on Monday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.05. Tactile Systems Technology had a net margin of 2.24% and a return on equity of 4.82%. The business had revenue of $19.85 million during the quarter, compared to analyst estimates of $16.17 million. During the same period in the previous year, the business posted ($0.45) earnings per share. Tactile Systems Technology’s revenue for the quarter was up 44.9% on a year-over-year basis. Analysts forecast that Tactile Systems Technology, Inc. will post $0.13 earnings per share for the current fiscal year.
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A number of research firms have issued reports on TCMD. Zacks Investment Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Saturday. Canaccord Genuity reissued a “buy” rating on shares of Tactile Systems Technology in a report on Tuesday, February 28th. Five equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $24.25.
A number of large investors have recently made changes to their positions in TCMD. Driehaus Capital Management LLC raised its stake 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. raised its stake in shares of Tactile Systems Technology by 109.6% in the first quarter. Vanguard Group Inc. now owns 316,566 shares of the company’s stock worth $5,999,000 after buying an additional 165,506 shares during the last quarter. RTW Investments LP raised its stake in shares of Tactile Systems Technology by 9.3% in the fourth quarter. RTW Investments LP now owns 248,762 shares of the company’s stock worth $4,082,000 after buying an additional 21,163 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Tactile Systems Technology during the first quarter worth $2,789,000. Finally, Blair William & Co. IL raised its stake in shares of Tactile Systems Technology by 40.0% in the first quarter. Blair William & Co. IL now owns 146,436 shares of the company’s stock worth $2,962,000 after buying an additional 41,851 shares during the last quarter. Institutional investors and hedge funds own 29.92% 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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