Radcom Ltd. $RDCM Shares Acquired by ARK Investment Management LLC

ARK Investment Management LLC lifted its holdings in shares of Radcom Ltd. (NASDAQ:RDCM) by 7.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 148,047 shares of the technology company’s stock after buying an additional 10,215 shares during the period. ARK Investment Management LLC’s holdings in Radcom were worth $2,012,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in Radcom by 9.7% in the 1st quarter. Acadian Asset Management LLC now owns 287,826 shares of the technology company’s stock worth $3,265,000 after buying an additional 25,463 shares in the last quarter. Worth Venture Partners LLC increased its position in shares of Radcom by 25.6% in the 1st quarter. Worth Venture Partners LLC now owns 179,343 shares of the technology company’s stock worth $2,050,000 after purchasing an additional 36,503 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Radcom in the 1st quarter worth about $352,000. Acuitas Investments LLC increased its position in shares of Radcom by 21.4% in the 1st quarter. Acuitas Investments LLC now owns 222,725 shares of the technology company’s stock worth $2,546,000 after purchasing an additional 39,227 shares during the last quarter. Finally, Walleye Capital LLC increased its position in shares of Radcom by 31.6% in the 1st quarter. Walleye Capital LLC now owns 72,561 shares of the technology company’s stock worth $829,000 after purchasing an additional 17,431 shares during the last quarter. Institutional investors and hedge funds own 48.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RDCM shares. Weiss Ratings reissued a “hold (c)” rating on shares of Radcom in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Radcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Radcom has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Radcom Stock Down 1.2%

Radcom stock opened at $13.67 on Thursday. The firm has a 50-day moving average price of $13.82 and a two-hundred day moving average price of $13.06. The firm has a market capitalization of $214.07 million, a price-to-earnings ratio of 23.57 and a beta of 0.69. Radcom Ltd. has a 52-week low of $9.81 and a 52-week high of $15.98.

Radcom Company Profile

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.