Tactile Systems Technology, Inc. (NASDAQ:TCMD) CFO Sells $19,613.10 in Stock

Tactile Systems Technology, Inc. (NASDAQ:TCMD – Get Rating) CFO Brent Moen sold 1,391 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $14.10, for a total transaction of $19,613.10. Following the completion of the transaction, the chief financial officer now directly owns 48,760 shares in the company, valued at approximately $687,516. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Brent Moen also recently made the following trade(s):

• On Monday, February 27th, Brent Moen sold 3,801 shares of Tactile Systems Technology stock. The stock was sold at an average price of $15.36, for a total transaction of $58,383.36.

Tactile Systems Technology Stock Performance

Shares of Tactile Systems Technology stock opened at $15.29 on Monday. Tactile Systems Technology, Inc. has a 52-week low of $6.28 and a 52-week high of $21.62. The company has a fifty day moving average of $12.93 and a 200-day moving average of $10.09. The company has a quick ratio of 1.50, a current ratio of 1.86 and a debt-to-equity ratio of 0.38.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Tactile Systems Technology from a “hold” rating to a “buy” rating in a report on Friday, November 18th.

Institutional Investors Weigh In On Tactile Systems Technology

Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its position in Tactile Systems Technology by 219.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,016 shares of the company’s stock valued at $40,000 after buying an additional 1,385 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new stake in Tactile Systems Technology during the 3rd quarter valued at $43,000. UBS Group AG boosted its position in Tactile Systems Technology by 25.1% during the 3rd quarter. UBS Group AG now owns 6,349 shares of the company’s stock valued at $50,000 after buying an additional 1,274 shares during the period. Russell Investments Group Ltd. boosted its position in Tactile Systems Technology by 537.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,202 shares of the company’s stock valued at $66,000 after buying an additional 7,759 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in Tactile Systems Technology by 185.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,021 shares of the company’s stock valued at $70,000 after buying an additional 5,863 shares during the period. Hedge funds and other institutional investors own 83.99% of the company’s stock.

About Tactile Systems Technology

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Tactile Systems Technology, Inc is a medical technology company. It develops and provides innovative medical devices for the treatment of chronic diseases at home. The firm focus on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.