Bryan Rishe Sells 2,331 Shares of Tactile Systems Technology Inc (NASDAQ:TCMD) Stock

Tactile Systems Technology Inc (NASDAQ:TCMD) SVP Bryan Rishe sold 2,331 shares of Tactile Systems Technology stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $40.66, for a total value of $94,778.46. Following the completion of the transaction, the senior vice president now owns 38,906 shares in the company, valued at approximately $1,581,917.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, June 10th, Bryan Rishe sold 2,330 shares of Tactile Systems Technology stock. The shares were sold at an average price of $44.77, for a total transaction of $104,314.10.
  • On Tuesday, May 26th, Bryan Rishe sold 2,330 shares of Tactile Systems Technology stock. The shares were sold at an average price of $50.10, for a total transaction of $116,733.00.
  • On Monday, May 11th, Bryan Rishe sold 2,330 shares of Tactile Systems Technology stock. The shares were sold at an average price of $49.22, for a total transaction of $114,682.60.
  • On Monday, April 27th, Bryan Rishe sold 2,330 shares of Tactile Systems Technology stock. The stock was sold at an average price of $52.66, for a total transaction of $122,697.80.
  • On Monday, April 13th, Bryan Rishe sold 2,330 shares of Tactile Systems Technology stock. The stock was sold at an average price of $47.26, for a total transaction of $110,115.80.

Shares of NASDAQ TCMD opened at $41.27 on Wednesday. The company’s 50 day moving average price is $46.34 and its 200-day moving average price is $52.44. Tactile Systems Technology Inc has a 52-week low of $29.47 and a 52-week high of $71.65. The company has a market capitalization of $786.63 million, a P/E ratio of 100.66 and a beta of 1.98.

Tactile Systems Technology (NASDAQ:TCMD) last released its earnings results on Monday, May 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $43.68 million during the quarter, compared to analyst estimates of $43.65 million. Tactile Systems Technology had a net margin of 4.19% and a return on equity of 7.65%. On average, sell-side analysts expect that Tactile Systems Technology Inc will post -0.11 earnings per share for the current year.

A number of brokerages recently weighed in on TCMD. ValuEngine lowered Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Thursday, March 26th. BidaskClub lowered shares of Tactile Systems Technology from a “hold” rating to a “sell” rating in a report on Tuesday, June 16th. Piper Sandler reiterated a “buy” rating and set a $70.00 target price on shares of Tactile Systems Technology in a research report on Monday, April 6th. BTIG Research restated a “buy” rating on shares of Tactile Systems Technology in a research report on Thursday, April 23rd. Finally, Zacks Investment Research lowered shares of Tactile Systems Technology from a “hold” rating to a “sell” rating in a report on Tuesday, June 16th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $67.20.

Several institutional investors have recently made changes to their positions in TCMD. Great West Life Assurance Co. Can bought a new position in Tactile Systems Technology during the fourth quarter worth $1,611,000. BNP Paribas Arbitrage SA boosted its stake in Tactile Systems Technology by 119.6% during the first quarter. BNP Paribas Arbitrage SA now owns 82,972 shares of the company’s stock worth $3,332,000 after acquiring an additional 45,195 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Tactile Systems Technology by 298.1% during the first quarter. JPMorgan Chase & Co. now owns 34,860 shares of the company’s stock worth $1,400,000 after acquiring an additional 26,103 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Tactile Systems Technology by 22.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 389,159 shares of the company’s stock worth $15,629,000 after acquiring an additional 71,246 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Tactile Systems Technology during the fourth quarter worth $7,313,000. Institutional investors own 97.77% of the company’s stock.

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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