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 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.
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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