New insider activity at Tactile Systems Technology ( (TCMD) ) has taken place on February 28, 2025.
Kristie Burns, the Senior Vice President of Marketing and Clinical Affairs at Tactile Systems Technology, recently sold 6,468 shares of the company’s stock. This transaction was valued at $93,139.
Recent Updates on TCMD stock
Tactile Systems Technology recently reported strong financial performance for Q4 2024, with a 10% year-over-year revenue increase to $85.6 million and a 7% increase for the full year to $293 million. The company also improved its gross margin and net income, reflecting efficient cost management and strategic investments. Despite these positive results, B. Riley downgraded the stock from Buy to Neutral, citing concerns over lower-than-expected adjusted EBITDA guidance for 2025, which suggests a negative 3% year-over-year growth. This downgrade also considers ongoing legal challenges and potential market share losses in airway clearance. The company’s strategic focus remains on sustaining growth through product innovation and market expansion, projecting an 8% to 10% revenue growth for 2025, although profitability may be impacted by increased operating expenses.
More about Tactile Systems Technology
YTD Price Performance: -15.19%
Average Trading Volume: 285,017
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $342.5M