New insider activity at Tactile Systems Technology ( (TCMD) ) has taken place on February 25, 2025.
Kristie Burns, the Senior Vice President of Marketing and Clinical Affairs at Tactile Systems Technology, has recently sold 4,830 shares of the company’s stock. This transaction was valued at $70,711.
Recent Updates on TCMD stock
Tactile Systems Technology recently held its Q4 earnings call, revealing strong revenue growth and strategic plans for 2025. The company reported a 6.8% year-over-year revenue increase to $293 million for 2024, with Q4 alone seeing a 10.2% rise. The Lymphedema business line was particularly successful, and gross margins improved due to efficient cost management. However, challenges such as Medicare policy changes and increased operating expenses were noted. Looking ahead, Tactile projects an 8% to 10% revenue growth for 2025 but expects flat to slightly down adjusted EBITDA, indicating significant reinvestment in strategic goals. Despite these positive developments, B. Riley downgraded the stock to Neutral from Buy, citing lower-than-expected adjusted EBITDA guidance and ongoing legal challenges as reasons for the price target reduction.
More about Tactile Systems Technology
YTD Price Performance: -12.09%
Average Trading Volume: 309,372
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $355M