Worth Venture Partners LLC Has $2.19 Million Position in Radcom Ltd. $RDCM

Worth Venture Partners LLC lowered its stake in shares of Radcom Ltd. (NASDAQ:RDCM) by 10.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,939 shares of the technology company’s stock after selling 18,404 shares during the period. Radcom makes up 3.4% of Worth Venture Partners LLC’s portfolio, making the stock its 4th biggest position. Worth Venture Partners LLC owned approximately 1.03% of Radcom worth $2,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Corton Capital Inc. acquired a new stake in shares of Radcom in the 2nd quarter valued at approximately $210,000. Trexquant Investment LP acquired a new stake in Radcom in the first quarter worth $352,000. Walleye Capital LLC raised its holdings in Radcom by 31.6% in the first 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 period. ARK Investment Management LLC boosted its position in shares of Radcom by 7.4% during the second 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 in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Radcom by 9.7% in the 1st quarter. Acadian Asset Management LLC now owns 287,826 shares of the technology company’s stock valued at $3,265,000 after buying an additional 25,463 shares during the period. 48.32% of the stock is currently owned by institutional investors and hedge funds.

Radcom Price Performance

RDCM stock opened at $12.86 on Wednesday. The stock has a market capitalization of $210.98 million, a P/E ratio of 22.17 and a beta of 0.65. The business has a 50-day moving average of $13.64 and a 200-day moving average of $13.41. Radcom Ltd. has a fifty-two week low of $9.88 and a fifty-two week high of $15.98.

Analyst Ratings Changes

Several research firms have weighed in on RDCM. Weiss Ratings reiterated a “hold (c)” rating on shares of Radcom in a report on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of Radcom in a report on Tuesday. Finally, Wall Street Zen cut 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 given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Radcom 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.