Tuesday, September 19, 2017 10:15 PM ET
Tactile Systems Technology (TCMD) sees Significant Insider Selling Continuing
A SEC filing today indicated a notable insider sale of Tactile Systems Technology shares as — Galen Partners V Lp, 10% Owner — sold 2,794,500 shares in the company having a market value of approximately $86,685,390. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 2,321,682 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 5,116,182 shares and have averaged 639,523 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 greater than the 8-company peer group average. Medical Equipment peer group saw 28 buy/sell trades during this period for an average of 3.5 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 2,417,657 shares sold with company insiders acquiring 76,518 shares on average.
Significant insider buying and selling activity has been determined by eliminating 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 in data used in composing and writing this story.
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