Insider Selling at Tactile Systems Technology (TCMD) Continues with Significant Sale

Friday, December 15, 2017 10:15 PM ET

Insider Selling at Tactile Systems Technology (TCMD) Continues with Significant Sale

A filing with the SEC today indicated a significant insider sale of Tactile Systems Technology shares as — Jordan Davis, Director — sold 40,000 shares in the company having a market value of approximately $1,180,993. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 1,000 company shares and the disposition of 2,827,137 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 2,866,137 shares and have averaged 358,517 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at Tactile Systems Technology is above the 8-company peer group average. Medical Equipment peer group saw 48 buy/sell trades during this period for an average of 6.0 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 538,500 shares purchased and 3,301,278 shares sold with company insiders having sold 57,558 shares on average.

The data obtained in creating 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.

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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