Tactile Systems Technology, Inc. (NASDAQ:TCMD) CEO Sheri Louise Dodd Sells 7,762 Shares

Key Points

• Sheri Louise Dodd, CEO of Tactile Systems Technology, sold 7,762 shares of the company's stock for approximately $95,938, reducing her position by 4.28% but retaining 173,479 shares worth about $2.14 million.
• Tactile Systems Technology reported an Earnings Per Share (EPS) of $0.14 for the last quarter, exceeding estimates of $0.09 and a revenue of $78.91 million, surpassing the consensus of $73.93 million.
• Wall Street analysts have mixed ratings for the stock, with a consensus rating of "Moderate Buy" and a target price of $13.50, while Piper Sandler downgraded it from "overweight" to "neutral."

Tactile Systems Technology, Inc. (NASDAQ:TCMD - Get Free Report) CEO Sheri Louise Dodd sold 7,762 shares of the company's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $12.36, for a total transaction of $95,938.32. Following the completion of the transaction, the chief executive officer owned 173,479 shares of the company's stock, valued at approximately $2,144,200.44. This trade represents a 4.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Tactile Systems Technology Price Performance

Shares of TCMD stock traded up $0.40 during midday trading on Tuesday, reaching $12.57. 317,770 shares of the company were exchanged, compared to its average volume of 260,740. The company's 50 day moving average price is $10.35 and its two-hundred day moving average price is $12.45. The company has a market cap of $280.19 million, a P/E ratio of 18.72 and a beta of 0.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.36 and a current ratio of 3.79. Tactile Systems Technology, Inc. has a 12 month low of $8.61 and a 12 month high of $21.10.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The company had revenue of $78.91 million for the quarter, compared to the consensus estimate of $73.93 million. Tactile Systems Technology had a return on equity of 7.72% and a net margin of 5.06%. On average, sell-side analysts expect that Tactile Systems Technology, Inc. will post 0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Piper Sandler lowered shares of Tactile Systems Technology from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $25.00 to $14.00 in a report on Tuesday, May 6th. William Blair raised shares of Tactile Systems Technology to a "strong-buy" rating in a report on Tuesday, August 5th. Wall Street Zen upgraded shares of Tactile Systems Technology from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, B. Riley reiterated a "neutral" rating and issued a $13.00 price target (up from $12.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $13.50.

Institutional Investors Weigh In On Tactile Systems Technology

A number of hedge funds have recently modified their holdings of TCMD. GAMMA Investing LLC raised its stake in Tactile Systems Technology by 64,350.0% during the 1st quarter. GAMMA Investing LLC now owns 2,578 shares of the company's stock worth $34,000 after buying an additional 2,574 shares during the period. Virtus Fund Advisers LLC lifted its position in shares of Tactile Systems Technology by 142.0% during the fourth quarter. Virtus Fund Advisers LLC now owns 4,199 shares of the company's stock worth $72,000 after acquiring an additional 2,464 shares in the last quarter. Quarry LP purchased a new stake in shares of Tactile Systems Technology in the fourth quarter worth $81,000. Legal & General Group Plc raised its position in shares of Tactile Systems Technology by 33.2% in the fourth quarter. Legal & General Group Plc now owns 6,257 shares of the company's stock worth $107,000 after buying an additional 1,558 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Tactile Systems Technology during the second quarter valued at about $134,000. Institutional investors and hedge funds own 83.43% of the company's stock.

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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