Tangoe VP Unloads $29,430 in Stock (TNGO)
Tangoe (NASDAQ:TNGO) VP Scott E. Snyder unloaded 1,635 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $18.00, for a total value of $29,430.00. Following the transaction, the vice president now directly owns 10,000 shares in the company, valued at approximately $180,000. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Tangoe (NASDAQ:TNGO) traded down 0.68% on Wednesday, hitting $17.46. 262,381 shares of the company’s stock traded hands. Tangoe has a 52-week low of $11.68 and a 52-week high of $26.05. The stock has a 50-day moving average of $18.29 and a 200-day moving average of $19.43. The company has a market cap of $667.7 million and a price-to-earnings ratio of 136.28.
A number of research firms have recently commented on TNGO. Analysts at BMO Capital Markets initiated coverage on shares of Tangoe in a research note to investors on Thursday, January 23rd. They set an “outperform” rating on the stock. Analysts at Roth Capital initiated coverage on shares of Tangoe in a research note to investors on Thursday, December 5th. They set a “buy” rating and a $31.00 price target on the stock. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $25.60.
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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