Tangoe Inc. (TNGO) Hits New 12-Month High at $9.59
Tangoe Inc. (NASDAQ:TNGO) hit a new 52-week high on Friday . The stock traded as high as $9.59 and last traded at $9.49, with a volume of 31,222 shares traded. The stock had previously closed at $9.26.
A number of research analysts have recently commented on TNGO shares. Roth Capital reissued a “buy” rating on shares of Tangoe in a report on Sunday, July 10th. Barrington Research lowered Tangoe from an “outperform” rating to a “market perform” rating in a report on Thursday, July 7th. Finally, Raymond James Financial Inc. reissued a “market perform” rating on shares of Tangoe in a report on Wednesday, April 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $9.38.
The stock has a 50-day moving average price of $8.04 and a 200-day moving average price of $7.98. The stock’s market cap is $376.16 million.
In other news, major shareholder Clearlake Capital Partners Iv sold 1,590,000 shares of Tangoe stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $8.00, for a total transaction of $12,720,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
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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