Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe Sells 4,812 Shares

Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 4,812 shares of Tactile Systems Technology stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $53.27, for a total transaction of $256,335.24. Following the transaction, the senior vice president now owns 50,674 shares of the company’s stock, valued at approximately $2,699,403.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bryan Rishe also recently made the following trade(s):

  • On Wednesday, May 15th, Bryan Rishe sold 3,000 shares of Tactile Systems Technology stock. The stock was sold at an average price of $50.41, for a total transaction of $151,230.00.
  • On Monday, April 15th, Bryan Rishe sold 3,000 shares of Tactile Systems Technology stock. The stock was sold at an average price of $52.98, for a total transaction of $158,940.00.
  • On Friday, March 15th, Bryan Rishe sold 3,000 shares of Tactile Systems Technology stock. The stock was sold at an average price of $62.70, for a total transaction of $188,100.00.

NASDAQ:TCMD opened at $54.23 on Friday. The company has a quick ratio of 4.30, a current ratio of 4.96 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $988.16 million, a PE ratio of 159.50, a PEG ratio of 5.28 and a beta of 1.97. Tactile Systems Technology Inc has a 1-year low of $37.40 and a 1-year high of $76.63.

Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.20. The business had revenue of $37.60 million during the quarter, compared to analyst estimates of $33.30 million. Tactile Systems Technology had a net margin of 5.27% and a return on equity of 8.17%. The business’s quarterly revenue was up 40.3% on a year-over-year basis. Research analysts anticipate that Tactile Systems Technology Inc will post 0.5 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the stock. ValuEngine cut shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. BidaskClub upgraded shares of Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 14th. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Saturday, May 11th. Dougherty & Co assumed coverage on shares of Tactile Systems Technology in a research report on Thursday. They set a “buy” rating and a $80.00 target price for the company. Finally, Canaccord Genuity lifted their target price on shares of Tactile Systems Technology from $55.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $76.50.

Several large investors have recently bought and sold shares of TCMD. Bank of Montreal Can raised its position in Tactile Systems Technology by 3.4% during the 4th quarter. Bank of Montreal Can now owns 4,987 shares of the company’s stock valued at $227,000 after purchasing an additional 162 shares during the last quarter. New York State Teachers Retirement System raised its position in Tactile Systems Technology by 2.8% during the 4th quarter. New York State Teachers Retirement System now owns 15,633 shares of the company’s stock valued at $712,000 after purchasing an additional 422 shares during the last quarter. Arizona State Retirement System raised its position in Tactile Systems Technology by 7.0% during the 4th quarter. Arizona State Retirement System now owns 25,888 shares of the company’s stock valued at $1,179,000 after purchasing an additional 1,690 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Tactile Systems Technology during the 4th quarter valued at approximately $371,000. Finally, Rhumbline Advisers raised its position in Tactile Systems Technology by 24.2% during the 4th quarter. Rhumbline Advisers now owns 48,539 shares of the company’s stock valued at $2,211,000 after purchasing an additional 9,459 shares during the last quarter. 99.65% of the stock is owned by institutional investors and hedge funds.

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About Tactile Systems Technology

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of chronic diseases in the United States. The company offers Flexitouch system, an at-home solution for lymphedema patients; and ACTitouch system, a home-based solution for chronic venous insufficiency patients.

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