Tangoe CFO Gary Martino Sells 6,000 Shares (TNGO)
Tangoe (NASDAQ:TNGO) CFO Gary Martino unloaded 6,000 shares of the stock on the open market in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $14.65, for a total transaction of $87,900.00. Following the transaction, the chief financial officer now directly owns 321,108 shares of the company’s stock, valued at approximately $4,704,232. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on TNGO. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Tangoe in a research note on Thursday. They now have a $22.00 price target on the stock. Finally, analysts at Barclays cut their price target on shares of Tangoe from $24.00 to $22.00 in a research note on Friday, May 9th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Tangoe presently has a consensus rating of “Buy” and a consensus price target of $23.80.
Shares of Tangoe (NASDAQ:TNGO) traded up 4.67% on Friday, hitting $15.90. The stock had a trading volume of 298,822 shares. Tangoe has a one year low of $11.33 and a one year high of $26.05. The stock has a 50-day moving average of $15.72 and a 200-day moving average of $17.1. The company has a market cap of $615.0 million and a price-to-earnings ratio of 185.24.
Tangoe (NASDAQ:TNGO) last announced its earnings results on Thursday, May 8th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.02. The company had revenue of $50.40 million for the quarter, compared to the consensus estimate of $50.98 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts expect that Tangoe will post $0.79 EPS 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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