Tactile Systems Technology Inc (TCMD) CEO Gerald R. Mattys Sells 6,150 Shares

Tactile Systems Technology Inc (NASDAQ:TCMD) CEO Gerald R. Mattys sold 6,150 shares of Tactile Systems Technology stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $29.23, for a total value of $179,764.50. Following the transaction, the chief executive officer now directly owns 303,181 shares in the company, valued at approximately $8,861,980.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tactile Systems Technology Inc (NASDAQ TCMD) traded up $0.74 during trading hours on Monday, hitting $29.35. The company had a trading volume of 148,606 shares, compared to its average volume of 190,908. Tactile Systems Technology Inc has a 12 month low of $14.98 and a 12 month high of $37.88. The company has a market cap of $512.02 and a price-to-earnings ratio of 91.72.

TCMD has been the topic of several research analyst reports. Canaccord Genuity reissued a “buy” rating and issued a $37.00 price objective on shares of Tactile Systems Technology in a research report on Wednesday, January 3rd. BidaskClub raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Northland Securities reaffirmed a “hold” rating and set a $31.50 price target on shares of Tactile Systems Technology in a research report on Monday, October 16th. Sidoti assumed coverage on Tactile Systems Technology in a research report on Friday, December 8th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research raised Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research report on Friday, November 10th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $34.25.

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in shares of Tactile Systems Technology by 39.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock valued at $127,000 after purchasing an additional 1,252 shares during the period. Cadence Capital Management LLC increased its stake in Tactile Systems Technology by 5.1% in the 3rd quarter. Cadence Capital Management LLC now owns 46,436 shares of the company’s stock worth $1,437,000 after acquiring an additional 2,246 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Tactile Systems Technology by 34.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 10,001 shares of the company’s stock worth $290,000 after acquiring an additional 2,536 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Tactile Systems Technology by 3.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 79,247 shares of the company’s stock worth $2,453,000 after acquiring an additional 2,992 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake 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 acquiring an additional 3,457 shares during the last quarter. Institutional investors own 72.16% of the company’s stock.

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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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