Sagard Capital Partners Management Corp buys $11,820,674 stake in Tangoe Inc (TNGO)

Tangoe Inc (TNGO) : Sagard Capital Partners Management Corp scooped up 186,335 additional shares in Tangoe Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,250,865 shares of Tangoe Inc which is valued at $11,820,674.Tangoe Inc makes up approximately 4.17% of Sagard Capital Partners Management Corp’s portfolio.

Other Hedge Funds, Including , Raymond James Financial Services Advisors reduced its stake in TNGO by selling 3,100 shares or 8.27% in the most recent quarter. The Hedge Fund company now holds 34,400 shares of TNGO which is valued at $325,080.Gagnon Securities reduced its stake in TNGO by selling 292,580 shares or 71.07% in the most recent quarter. The Hedge Fund company now holds 119,120 shares of TNGO which is valued at $1,125,684. Tangoe Inc makes up approx 0.50% of Gagnon Securities’s portfolio.Td Asset Management Inc reduced its stake in TNGO by selling 2,371 shares or 4.13% in the most recent quarter. The Hedge Fund company now holds 55,089 shares of TNGO which is valued at $471,562.

Tangoe Inc closed down -0.04 points or -0.41% at $9.71 with 67,708 shares getting traded on Monday. Post opening the session at $9.75, the shares hit an intraday low of $9.56 and an intraday high of $9.92 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Tangoe Inc reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Nov 5, 2015. Analyst had a consensus of $0.11. The company had revenue of $56.60 million for the quarter, compared to analysts expectations of $58.43 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Tangoe Inc. Tangoe Inc was Downgraded by Barrington Research to ” Mkt Perform” on Jul 7, 2016.

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. The Company’s on-demand Matrix Solution Suite includes software components in categories including asset management expense management usage management and analytics.

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