Tangoe Inc. (TNGO) Reaches New 52-Week High at $9.71
Tangoe Inc. (NASDAQ:TNGO) hit a new 52-week high during trading on Thursday . The stock traded as high as $9.71 and last traded at $9.49, with a volume of 29,326 shares traded. The stock had previously closed at $9.34.
Several equities research analysts have recently commented on TNGO shares. Barrington Research lowered Tangoe from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 7th. Roth Capital reissued a “buy” rating on shares of Tangoe in a research note on Sunday, July 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Tangoe presently has an average rating of “Hold” and a consensus price target of $9.38.
The company’s market cap is $374.98 million. The stock’s 50 day moving average price is $8.38 and its 200-day moving average price is $8.03.
In related news, major shareholder Clearlake Capital Partners Iv sold 1,590,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $8.00, for a total value of $12,720,000.00. The sale was disclosed in a filing with the SEC, which is accessible 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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