Tangoe Inc. (TNGO) Sets New 12-Month 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. The stock had previously closed at $9.71.
Several equities research analysts recently weighed in on the stock. Roth Capital reaffirmed a “buy” rating on shares of Tangoe in a research report on Sunday, July 10th. Barrington Research cut shares of Tangoe from an “outperform” rating to a “market perform” rating in a report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $9.38.
The company’s market capitalization is $389.57 million. The company has a 50-day moving average price of $8.59 and a 200-day moving average price of $8.08.
In related news, major shareholder Clearlake Capital Partners Iv sold 1,590,000 shares of Tangoe stock in a transaction dated 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 document filed with the Securities & Exchange Commission, 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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