Tactile Systems Technology Inc (NASDAQ:TCMD) COO Robert J. Folkes sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $28.32, for a total value of $42,480.00. Following the sale, the chief operating officer now directly owns 119,777 shares of the company’s stock, valued at $3,392,084.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Tactile Systems Technology Inc (NASDAQ:TCMD) opened at $29.41 on Monday. The firm has a market capitalization of $520.61, a P/E ratio of 94.87, a price-to-earnings-growth ratio of 6.58 and a beta of -0.60. Tactile Systems Technology Inc has a 1 year low of $14.37 and a 1 year high of $37.88.
Tactile Systems Technology (NASDAQ:TCMD) last issued its earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $28.28 million during the quarter, compared to the consensus estimate of $27.66 million. Tactile Systems Technology had a return on equity of 4.75% and a net margin of 5.84%. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 EPS. research analysts predict that Tactile Systems Technology Inc will post 0.34 EPS for the current year.
Several hedge funds have recently modified their holdings of TCMD. Schwab Charles Investment Management Inc. purchased a new position in shares of Tactile Systems Technology during the 2nd quarter worth approximately $441,000. Rhumbline Advisers purchased a new position in shares of Tactile Systems Technology during the 2nd quarter worth approximately $267,000. Bank of New York Mellon Corp raised its stake in shares of Tactile Systems Technology by 452.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 76,255 shares of the company’s stock worth $2,180,000 after buying an additional 62,450 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Tactile Systems Technology by 39.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock worth $127,000 after buying an additional 1,252 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Tactile Systems Technology by 42.7% during the 2nd quarter. Wells Fargo & Company MN now owns 84,725 shares of the company’s stock worth $2,422,000 after buying an additional 25,336 shares in the last quarter. 72.19% of the stock is owned by institutional investors and hedge funds.
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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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