Tactile Systems Technology, Inc. (NASDAQ:TCMD) CFO Sells $41,600.88 in Stock

Tactile Systems Technology, Inc. (NASDAQ:TCMD - Get Free Report) CFO Elaine M. Birkemeyer sold 3,041 shares of the business's stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $13.68, for a total value of $41,600.88. Following the sale, the chief financial officer now directly owns 61,295 shares in the company, valued at approximately $838,515.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Tactile Systems Technology Price Performance

Shares of NASDAQ TCMD traded down $0.08 during trading on Monday, hitting $13.65. The company had a trading volume of 136,899 shares, compared to its average volume of 277,773. The company has a market cap of $324.32 million, a P/E ratio of 11.48 and a beta of 1.23. Tactile Systems Technology, Inc. has a 52 week low of $9.69 and a 52 week high of $26.11. The business's 50-day moving average is $14.99 and its 200 day moving average is $14.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.63 and a current ratio of 4.26.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.25. The company had revenue of $77.65 million for the quarter, compared to analysts' expectations of $78.85 million. Tactile Systems Technology had a return on equity of 15.88% and a net margin of 10.19%. During the same quarter in the prior year, the company earned $0.29 earnings per share. Equities research analysts predict that Tactile Systems Technology, Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Arcadia Investment Management Corp MI increased its holdings in shares of Tactile Systems Technology by 94.8% in the first quarter. Arcadia Investment Management Corp MI now owns 1,570 shares of the company's stock valued at $25,000 after buying an additional 764 shares in the last quarter. Palisade Asset Management LLC purchased a new position in Tactile Systems Technology during the 1st quarter worth approximately $32,000. New York State Teachers Retirement System purchased a new position in Tactile Systems Technology during the 3rd quarter worth approximately $29,000. International Assets Investment Management LLC grew its position in Tactile Systems Technology by 1,330.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,860 shares of the company's stock worth $41,000 after purchasing an additional 2,660 shares in the last quarter. Finally, Covestor Ltd grew its position in Tactile Systems Technology by 69.4% during the 3rd quarter. Covestor Ltd now owns 2,872 shares of the company's stock worth $40,000 after purchasing an additional 1,177 shares in the last quarter. Institutional investors own 83.43% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Tactile Systems Technology from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 15th.

About Tactile Systems Technology

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.

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