Insider Sales at Tactile Systems Technology (TCMD) Extends the Selling Trend of Last Quarter

Friday, September 15, 2017 10:15 PM ET

Insider Sales at Tactile Systems Technology (TCMD) Extends the Selling Trend of Last Quarter

Tactile Systems Technology, today, saw two insiders — Jordan Davis, Director, and Radius Venture Partners, LLC, 10% Owner — sell 2,001,000 shares having a market value of approximately $62,071,020, as reported in form 4 documents filed with the SEC. There have been 6 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 361,738 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,362,738 shares and have averaged 295,342 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at Tactile Systems Technology is above the 8-company peer group average. Medical Equipment peer group saw 26 buy/sell trades during this period for an average of 3.3 transactions per company. The number of shares per buy/sell trade for Tactile Systems Technology insiders was also higher. Within the peer group there were 4,024,542 shares purchased and 437,713 shares sold with company insiders acquiring 188,780 shares on average.

The data used in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Today’s Insider Activity
* Jordan Davis, Director, sold 1,000,500 shares
* Radius Venture Partners, LLC, 10% Owner, sold 1,000,500 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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