Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Kristie Burns Sells 4,830 Shares

Tactile Systems Technology, Inc. (NASDAQ:TCMD) VP Kristie Burns sold 4,830 shares of Tactile Systems Technology stock in a transaction on Monday, February 24th. The stock was sold at an average price of $14.65, for a total transaction of $70,759.50. Following the completion of the sale, the vice president now owns 84,008 shares of the company’s stock, valued at approximately $1,230,717.20. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Tactile Systems Technology Price Performance

Shares of NASDAQ TCMD opened at $14.90 on Tuesday. Tactile Systems Technology, Inc. has a twelve month low of $11.12 and a twelve month high of $21.10. The company has a current ratio of 4.36, a quick ratio of 3.80 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $351.42 million, a price-to-earnings ratio of 21.29 and a beta of 1.20. The firm has a 50-day moving average of $17.26 and a two-hundred day moving average of $15.71.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.09. Tactile Systems Technology had a net margin of 5.79% and a return on equity of 9.37%. The company had revenue of $85.59 million during the quarter, compared to the consensus estimate of $85.39 million. As a group, analysts expect that Tactile Systems Technology, Inc. will post 0.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TCMD shares. B. Riley downgraded shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $18.00 in a report on Wednesday, February 19th. BTIG Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Tuesday, November 5th. Oppenheimer downgraded shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. Finally, StockNews.com downgraded shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th.

Institutional Investors Weigh In On Tactile Systems Technology

Institutional investors and hedge funds have recently bought and sold shares of the business. Arcadia Investment Management Corp MI acquired a new stake in Tactile Systems Technology in the 3rd quarter valued at about $29,000. Jones Financial Companies Lllp acquired a new stake in Tactile Systems Technology in the 4th quarter valued at about $39,000. Gladius Capital Management LP acquired a new stake in Tactile Systems Technology during the 3rd quarter worth about $44,000. Virtus Fund Advisers LLC raised its holdings in Tactile Systems Technology by 142.0% during the 4th quarter. Virtus Fund Advisers LLC now owns 4,199 shares of the company’s stock worth $72,000 after buying an additional 2,464 shares during the period. Finally, Quarry LP acquired a new stake in Tactile Systems Technology during the 4th quarter worth about $81,000. 83.43% of the stock is owned by institutional investors and hedge funds.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema in the home setting; and Entre Plus System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.