Radcom Ltd. $RDCM Shares Sold by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. reduced its position in Radcom Ltd. (NASDAQ:RDCM) by 4.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 506,943 shares of the technology company’s stock after selling 24,360 shares during the period. Radcom accounts for about 1.3% of Yelin Lapidot Holdings Management Ltd.’s holdings, making the stock its 21st biggest holding. Yelin Lapidot Holdings Management Ltd. owned 3.24% of Radcom worth $6,889,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Value Base Ltd. increased its stake in Radcom by 3.5% in the second quarter. Value Base Ltd. now owns 865,009 shares of the technology company’s stock valued at $11,755,000 after purchasing an additional 29,275 shares during the period. Acadian Asset Management LLC increased its stake in shares of Radcom by 9.7% during the first quarter. Acadian Asset Management LLC now owns 287,826 shares of the technology company’s stock worth $3,265,000 after acquiring an additional 25,463 shares during the period. Worth Venture Partners LLC raised its holdings in Radcom by 25.6% during the first 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 in the last quarter. Trexquant Investment LP acquired a new stake in Radcom in the first quarter valued at about $352,000. Finally, ARK Investment Management LLC increased its position in Radcom by 7.4% during the 2nd quarter. ARK Investment Management LLC now owns 148,047 shares of the technology company’s stock worth $2,012,000 after purchasing an additional 10,215 shares during the period. Hedge funds and other institutional investors own 48.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on RDCM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Radcom in a report on Wednesday, October 8th. Wall Street Zen lowered Radcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $18.00.

Radcom Stock Performance

Shares of RDCM opened at $12.96 on Friday. Radcom Ltd. has a 1 year low of $9.88 and a 1 year high of $15.98. The company’s 50 day simple moving average is $13.94 and its 200 day simple moving average is $13.28. The company has a market capitalization of $212.54 million, a price-to-earnings ratio of 22.34 and a beta of 0.65.

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.