Radcom Ltd. (NASDAQ:RDCM) Shares Sold by P.A.W. Capital Corp

P.A.W. Capital Corp trimmed its holdings in shares of Radcom Ltd. (NASDAQ:RDCM) by 14.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,000 shares of the technology company’s stock after selling 25,000 shares during the quarter. Radcom comprises 4.2% of P.A.W. Capital Corp’s portfolio, making the stock its 9th biggest holding. P.A.W. Capital Corp’s holdings in Radcom were worth $1,714,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Essex Investment Management Co. LLC acquired a new stake in shares of Radcom in the fourth quarter worth $2,832,000. Value Base Ltd. acquired a new position in Radcom during the 4th quarter worth $10,330,000. Prudential Financial Inc. bought a new stake in Radcom during the fourth quarter valued at about $183,000. JPMorgan Chase & Co. grew its position in shares of Radcom by 1,433.3% in the fourth quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company’s stock valued at $57,000 after purchasing an additional 4,300 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Radcom by 6.2% in the fourth quarter. Russell Investments Group Ltd. now owns 110,721 shares of the technology company’s stock worth $1,367,000 after purchasing an additional 6,436 shares during the period. 48.32% of the stock is owned by institutional investors and hedge funds.

Radcom Trading Down 1.2%

RDCM opened at $13.58 on Thursday. The stock’s 50 day simple moving average is $12.71 and its 200-day simple moving average is $12.44. The stock has a market cap of $212.66 million, a PE ratio of 25.15 and a beta of 0.73. Radcom Ltd. has a 1 year low of $9.08 and a 1 year high of $15.98.

Analysts Set New Price Targets

Several brokerages have commented on RDCM. Wall Street Zen raised Radcom from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 16th. Needham & Company LLC upped their price objective on shares of Radcom from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 15th.

About Radcom

RADCOM Ltd. provides 5G ready cloud-native, network intelligence, and service assurance solutions for telecom operators or communication service providers (CSPs). It offers RADCOM ACE, including RADCOM Service Assurance, a cloud-native, 5G-ready, and virtualized service assurance solutions, which allows telecom operators to gain end-to-end network visibility and customer experience insights across all networks; RADCOM Network Visibility, a cloud-native network packet broker and filtering solution that allows CSPs to manage network traffic at scale across multiple cloud environments, and control the visibility layer to perform analysis of select datasets; and RADCOM Network Insights, a business intelligence solution that offers insights for multiple use cases enabled by data captured and correlated through RADCOM Network Visibility and RADCOM Service Assurance.