Tangoe Inc. (TNGO) Stock Price Up 1.9%
Tangoe Inc. (NASDAQ:TNGO) shares rose 1.9% during trading on Friday . The company traded as high as $8.07 and last traded at $8.05, with a volume of 57,810 shares changing hands. The stock had previously closed at $7.90.
TNGO has been the subject of a number of research reports. Raymond James Financial Inc. reiterated a “market perform” rating on shares of Tangoe in a research note on Wednesday, April 20th. Barrington Research lowered Tangoe from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 7th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Tangoe in a research report on Sunday, July 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $10.30.
The firm’s market capitalization is $318.59 million. The firm has a 50 day moving average price of $8.04 and a 200 day moving average price of $7.96.
In other news, major shareholder Clearlake Capital Partners Iv sold 1,590,000 shares of the business’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $8.00, for a total transaction of $12,720,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Tangoe, Inc (Tangoe) is a global provider of connection lifecycle management (CLM), software and services to a range of enterprises and service providers. CLM covers the entire spectrum of an enterprise’s connection-based assets and services, such as voice and data services, mobile devices and usage, cloud software, infrastructure and services, machine-to-machine connections, enterprise social and information technology connections, and encompasses the entire lifecycle of these assets and services, including planning and sourcing, procurement and provisioning, inventory and usage management, mobile device management (MDM), real-time telecommunications expense management (rTEM), invoice processing and payment, expense allocation and accounting, and asset decommissioning and disposal.
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