Tactile Systems Technology Inc (TCMD) Director Sells $1,500,000.00 in Stock

Tactile Systems Technology Inc (NASDAQ:TCMD) Director Jordan Davis sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $30.00, for a total transaction of $1,500,000.00. Following the sale, the director now directly owns 5,006 shares of the company’s stock, valued at approximately $150,180. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Jordan Davis also recently made the following trade(s):

  • On Wednesday, January 24th, Jordan Davis sold 75,000 shares of Tactile Systems Technology stock. The shares were sold at an average price of $32.00, for a total transaction of $2,400,000.00.
  • On Thursday, December 14th, Jordan Davis sold 40,000 shares of Tactile Systems Technology stock. The shares were sold at an average price of $29.52, for a total transaction of $1,180,800.00.

Shares of Tactile Systems Technology Inc (NASDAQ:TCMD) traded up $0.99 during midday trading on Thursday, hitting $30.43. The stock had a trading volume of 132,800 shares, compared to its average volume of 180,531. Tactile Systems Technology Inc has a 52 week low of $15.41 and a 52 week high of $37.88. The stock has a market capitalization of $521.14, a price-to-earnings ratio of 196.27, a price-to-earnings-growth ratio of 6.59 and a beta of -0.23.

Several equities analysts have weighed in on TCMD shares. BidaskClub upgraded Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. Zacks Investment Research upgraded Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research note on Friday, November 10th. Sidoti initiated coverage on Tactile Systems Technology in a research note on Friday, December 8th. They set a “neutral” rating on the stock. Canaccord Genuity reiterated a “buy” rating and set a $37.00 target price on shares of Tactile Systems Technology in a research note on Wednesday, January 3rd. Finally, BTIG Research raised Tactile Systems Technology from a “neutral” rating to a “buy” rating in a report on Thursday, November 9th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $34.25.

Several hedge funds and other institutional investors have recently modified their holdings of TCMD. JPMorgan Chase & Co. grew its holdings in shares of Tactile Systems Technology by 39.3% during the second quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock worth $127,000 after purchasing an additional 1,252 shares in the last quarter. Nationwide Fund Advisors lifted its position in Tactile Systems Technology by 201.8% in the 2nd quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock worth $148,000 after buying an additional 3,457 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Tactile Systems Technology in the 4th quarter worth approximately $158,000. Advisors Preferred LLC bought a new stake in Tactile Systems Technology in the 4th quarter worth approximately $160,000. Finally, The Manufacturers Life Insurance Company lifted its position in Tactile Systems Technology by 10,882.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock worth $213,000 after buying an additional 7,400 shares during the last quarter. 72.16% of the stock is owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

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