Tangoe Inc (TNGO) Shares Sold by Gagnon Securities LLC

Gagnon Securities LLC reduced its stake in shares of Tangoe Inc (NASDAQ:TNGO) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,525 shares of the technology company’s stock after selling 1,682 shares during the period. Gagnon Securities LLC’s holdings in Tangoe were worth $618,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Two Sigma Investments LP bought a new position in Tangoe during the fourth quarter valued at approximately $406,000. Comerica Bank raised its position in Tangoe by 6.4% in the fourth quarter. Comerica Bank now owns 24,812 shares of the technology company’s stock valued at $199,000 after buying an additional 1,496 shares during the period. Russell Investments Group Ltd. bought a new position in Tangoe during the fourth quarter valued at approximately $228,000. Metropolitan Life Insurance Co. NY raised its position in Tangoe by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,461 shares of the technology company’s stock valued at $122,000 after buying an additional 120 shares during the period. Finally, State Street Corp raised its position in Tangoe by 4.6% in the fourth quarter. State Street Corp now owns 664,055 shares of the technology company’s stock valued at $5,230,000 after buying an additional 29,222 shares during the period. 59.22% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Tangoe (NASDAQ:TNGO)

Shares of Tangoe Inc (NASDAQ TNGO) traded up 0.15% during mid-day trading on Wednesday, hitting $6.47. The stock had a trading volume of 95,555 shares. The company’s market cap is $251.86 million. Tangoe Inc has a one year low of $4.50 and a one year high of $10.39. The firm’s 50 day moving average price is $6.05 and its 200-day moving average price is $6.70.

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TNGO has been the topic of several research reports. TheStreet lowered Tangoe from a “c-” rating to a “d+” rating in a research report on Wednesday, February 22nd. Stifel Nicolaus dropped their target price on Tangoe from $8.00 to $6.50 and set a “hold” rating on the stock in a research report on Monday, May 1st.

About Tangoe

Tangoe, Inc is a provider of information technology (IT) and Telecom Expense Management (TEM) software and related services. The Company offers its services to a range of global enterprises and service providers. Its products and solutions include mobility, telecom, cloud, IT expense, strategic consulting and mobility as a service (MaaS).

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