Insider Selling: Tactile Systems Technology, Inc. (NASDAQ:TCMD) CFO Sells 3,778 Shares of Stock

Tactile Systems Technology, Inc. (NASDAQ:TCMD - Get Free Report) CFO Elaine M. Birkemeyer sold 3,778 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $14.70, for a total value of $55,536.60. Following the completion of the transaction, the chief financial officer now owns 104,098 shares of the company's stock, valued at $1,530,240.60. The trade was a 3.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Tactile Systems Technology Price Performance

NASDAQ TCMD traded up $0.08 during trading hours on Friday, reaching $14.29. The company's stock had a trading volume of 236,510 shares, compared to its average volume of 295,235. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.80 and a current ratio of 4.36. The company's 50-day moving average is $17.03 and its two-hundred day moving average is $15.71. Tactile Systems Technology, Inc. has a fifty-two week low of $11.12 and a fifty-two week high of $21.10. The stock has a market cap of $337.03 million, a PE ratio of 20.41 and a beta of 1.20.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.40 EPS for the quarter, beating the consensus estimate 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 business had revenue of $85.59 million for the quarter, compared to analyst estimates of $85.39 million. Analysts forecast that Tactile Systems Technology, Inc. will post 0.7 EPS for the current year.

Institutional Investors Weigh In On Tactile Systems Technology

A number of large investors have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI acquired a new position in shares of Tactile Systems Technology in the third quarter worth $29,000. Jones Financial Companies Lllp purchased a new stake in Tactile Systems Technology during the 4th quarter worth about $39,000. Gladius Capital Management LP acquired a new position in Tactile Systems Technology in the 3rd quarter valued at about $44,000. Virtus Fund Advisers LLC lifted its holdings in Tactile Systems Technology by 142.0% in the 4th quarter. Virtus Fund Advisers LLC now owns 4,199 shares of the company's stock valued at $72,000 after purchasing an additional 2,464 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Tactile Systems Technology during the 4th quarter worth about $81,000. Institutional investors and hedge funds own 83.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TCMD shares. B. Riley cut shares of Tactile Systems Technology from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $23.00 to $18.00 in a research note 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 cut 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 research report on Thursday, January 16th.

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.