Insider Selling: Charles Gamble Sells 6,000 Shares of Tangoe Stock (TNGO)
Tangoe (NASDAQ:TNGO) VP Charles Gamble unloaded 6,000 shares of the company’s stock on the open market in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $23.15, for a total value of $138,900.00. Following the completion of the transaction, the vice president now directly owns 82,566 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
TNGO has been the subject of a number of recent research reports. Analysts at Barclays Capital raised their price target on shares of Tangoe (NASDAQ:TNGO) from $23.00 to $25.00 in a research note to investors on Friday, August 9th. Separately, analysts at Stifel Nicolaus raised their price target on shares of Tangoe (NASDAQ:TNGO) from $20.00 to $22.00 in a research note to investors on Thursday, August 8th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tangoe (NASDAQ:TNGO) in a research note to investors on Thursday, August 8th. They now have a $28.00 price target on the stock.
One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Tangoe currently has an average rating of “Buy” and an average target price of $23.00.
Shares of Tangoe (NASDAQ:TNGO) traded up 0.09% on Thursday, hitting $23.54. 681,710 shares of the company’s stock traded hands. Tangoe has a 52-week low of $11.53 and a 52-week high of $23.72. The stock’s 50-day moving average is $20.23 and its 200-day moving average is $15.63. The company has a market cap of $883.6 million and a price-to-earnings ratio of 215.78.
Tangoe (NASDAQ:TNGO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.16. The company had revenue of $46.40 million for the quarter, compared to the consensus estimate of $45.90 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. On average, analysts predict that Tangoe will post $0.69 earnings per share for the current fiscal year.
Tangoe, Inc (NASDAQ:TNGO) is a global provider of communications lifecycle management (CLM), software and services to a range of enterprises, including large and medium-sized businesses and other organizations.
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