Robert J. Folkes Sells 1,500 Shares of Tactile Systems Technology Inc (NASDAQ:TCMD) Stock

Tactile Systems Technology Inc (NASDAQ:TCMD) COO Robert J. Folkes sold 1,500 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $30.48, for a total transaction of $45,720.00. Following the transaction, the chief operating officer now owns 118,277 shares in the company, valued at approximately $3,605,082.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Tactile Systems Technology Inc (NASDAQ TCMD) opened at $31.13 on Monday. Tactile Systems Technology Inc has a one year low of $15.92 and a one year high of $37.88. The stock has a market cap of $551.06, a price-to-earnings ratio of 207.53, a PEG ratio of 6.97 and a beta of -0.23.

A number of research analysts recently issued reports on TCMD shares. Canaccord Genuity reiterated a “buy” rating and set a $37.00 target price on shares of Tactile Systems Technology in a research report on Wednesday, January 3rd. BidaskClub upgraded shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Sidoti started coverage on shares of Tactile Systems Technology in a research note on Friday, December 8th. They set a “neutral” rating for the company. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a research note on Friday, November 10th. Finally, BTIG Research upgraded shares of Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $34.25.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Tactile Systems Technology by 39.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock worth $127,000 after acquiring an additional 1,252 shares in the last quarter. Cadence Capital Management LLC grew its position in Tactile Systems Technology by 5.1% during the third quarter. Cadence Capital Management LLC now owns 46,436 shares of the company’s stock valued at $1,437,000 after buying an additional 2,246 shares during the period. The Manufacturers Life Insurance Company grew its position in Tactile Systems Technology by 34.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 10,001 shares of the company’s stock valued at $290,000 after buying an additional 2,536 shares during the period. Bank of New York Mellon Corp grew its position in Tactile Systems Technology by 3.9% during the third quarter. Bank of New York Mellon Corp now owns 79,247 shares of the company’s stock valued at $2,453,000 after buying an additional 2,992 shares during the period. Finally, Nationwide Fund Advisors grew its position in Tactile Systems Technology by 201.8% during the second quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock valued at $148,000 after buying an additional 3,457 shares during the period. Hedge funds and other institutional investors own 84.94% of the company’s stock.

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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.

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

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