Tactile Systems Technology, Inc. (NASDAQ:TCMD) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 78.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,343 shares of the company’s stock after selling 118,044 shares during the period. Allspring Global Investments Holdings LLC owned 0.14% of Tactile Systems Technology worth $463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its position in Tactile Systems Technology by 3.4% in the third quarter. Exchange Traded Concepts LLC now owns 45,813 shares of the company’s stock valued at $644,000 after purchasing an additional 1,504 shares during the period. Bank of New York Mellon Corp raised its position in Tactile Systems Technology by 6.9% in the third quarter. Bank of New York Mellon Corp now owns 126,314 shares of the company’s stock valued at $1,775,000 after purchasing an additional 8,113 shares during the period. New York State Teachers Retirement System purchased a new stake in Tactile Systems Technology in the third quarter valued at $29,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Tactile Systems Technology in the third quarter valued at $80,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Tactile Systems Technology in the third quarter valued at $237,000. Institutional investors and hedge funds own 83.43% of the company’s stock.

Insiders Place Their Bets

In other Tactile Systems Technology news, CEO Daniel L. Reuvers sold 6,239 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.81, for a total transaction of $98,638.59. Following the sale, the chief executive officer now owns 244,112 shares in the company, valued at approximately $3,859,410.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Tactile Systems Technology news, CEO Daniel L. Reuvers sold 6,239 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.81, for a total transaction of $98,638.59. Following the sale, the chief executive officer now owns 244,112 shares in the company, valued at approximately $3,859,410.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Daniel L. Reuvers sold 5,378 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $14.85, for a total value of $79,863.30. Following the transaction, the chief executive officer now directly owns 192,321 shares of the company’s stock, valued at $2,855,966.85. The disclosure for this sale can be found here. Insiders have sold a total of 17,520 shares of company stock worth $268,820 in the last quarter. 0.96% of the stock is owned by company insiders.

Tactile Systems Technology Price Performance

NASDAQ:TCMD opened at $14.27 on Friday. Tactile Systems Technology, Inc. has a 52 week low of $9.69 and a 52 week high of $26.11. The company has a quick ratio of 2.99, a current ratio of 3.54 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $339.06 million, a P/E ratio of 11.89 and a beta of 1.19. The stock’s fifty day moving average is $15.35 and its two-hundred day moving average is $14.00.

Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings data 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. Tactile Systems Technology had a return on equity of 17.08% and a net margin of 10.39%. The firm had revenue of $77.65 million for the quarter, compared to the consensus estimate of $78.85 million. During the same quarter in the previous year, the business earned $0.29 EPS. Equities analysts expect that Tactile Systems Technology, Inc. will post 0.56 EPS for the current year.

Tactile Systems Technology Company Profile

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.