Insider at Tactile Systems Technology (TCMD) Makes Significant Sale of Stock

Thursday, March 01, 2018 10:15 PM ET

Insider at Tactile Systems Technology (TCMD) Makes Significant Sale of Stock

A SEC filing today disclosed a substantial insider sale of Tactile Systems Technology shares as — Jordan Davis, Director — sold 75,000 shares in the company having a market value of approximately $2,512,500. There have been 8 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 1,000 company shares and the sale of 206,119 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 280,119 shares and have averaged 31,347 shares per transaction over this time period.

Insider buy/sell trading at Tactile Systems Technology is greater than the 8 peer company average over the last 90-day period. The Medical Equipment peer group saw 31 buy/sell trades during this period for an average of 3.9 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 214,289 shares purchased and 365,887 shares sold with company insiders disposing of 4,890 shares on average.

The data sourced in evaluating 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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