Tuesday, March 06, 2018 10:15 PM ET
Significant Insider Sales in Shares of Tactile Systems Technology (TCMD) Extends the Selling Trend of Last Quarter
A notable level of insider sales in Tactile Systems Technology was reported in form 4 documents filed with the SEC today. Two insiders — Kevin H Roche, Director, and Gerald R Mattys, Director and Officer — sold 74,040 shares in the company having a market value of approximately $2,303,994. There have been 7 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the purchase of 1,000 company shares and the disposition of 279,119 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 352,159 shares and have averaged 39,351 shares per transaction over this time period.
Over 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 32 buy/sell trades during this period for an average of 4.0 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 214,289 shares purchased and 441,160 shares sold with company insiders having sold 7,090 shares on average.
The data used 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.
Today’s Insider Activity
* Kevin H Roche, Director, sold 60,000 shares
* Gerald R Mattys, Director and Officer, sold 14,040 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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