Tangoe Inc. (TNGO) Sets New 52-Week High at $10.12
Tangoe Inc. (NASDAQ:TNGO) reached a new 52-week high on Wednesday . The stock traded as high as $10.12 and last traded at $9.96, with a volume of 35,987 shares traded. The stock had previously closed at $9.71.
Several equities research analysts recently weighed in on TNGO shares. Barrington Research lowered shares of Tangoe from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 7th. Roth Capital reiterated 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 company. The company currently has an average rating of “Hold” and an average price target of $9.38.
The stock’s market cap is $388.39 million. The company’s 50 day moving average is $8.47 and its 200 day moving average is $8.05.
In other Tangoe news, major shareholder Clearlake Capital Partners Iv sold 1,590,000 shares of the firm’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $8.00, for a total value of $12,720,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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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