Tactile Systems Technology Inc (NASDAQ:TCMD) CEO Gerald R. Mattys sold 25,239 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $28.51, for a total value of $719,563.89. Following the completion of the transaction, the chief executive officer now directly owns 321,857 shares in the company, valued at $9,176,143.07. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Tactile Systems Technology Inc (NASDAQ TCMD) opened at $29.41 on Tuesday. The firm has a market capitalization of $520.61, a price-to-earnings ratio of 94.87, a PEG ratio of 6.58 and a beta of -0.60. Tactile Systems Technology Inc has a 52-week low of $14.37 and a 52-week high of $37.88.
Tactile Systems Technology (NASDAQ:TCMD) last released its earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $28.28 million during the quarter, compared to the consensus estimate of $27.66 million. Tactile Systems Technology had a return on equity of 4.75% and a net margin of 5.84%. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 earnings per share. equities analysts forecast that Tactile Systems Technology Inc will post 0.34 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Tactile Systems Technology by 39.3% in the second 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 last quarter. Nationwide Fund Advisors increased its holdings in Tactile Systems Technology by 201.8% in the second quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock valued at $148,000 after purchasing an additional 3,457 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Tactile Systems Technology by 10,882.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock valued at $213,000 after purchasing an additional 7,400 shares during the last quarter. White Pine Capital LLC bought a new stake in Tactile Systems Technology in the second quarter valued at about $254,000. Finally, Alliancebernstein L.P. bought a new stake in Tactile Systems Technology in the second quarter valued at about $266,000. Institutional investors and hedge funds own 72.19% 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.
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