Worth Venture Partners LLC Cuts Stock Position in Radcom Ltd. $RDCM

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

A number of other hedge funds and other institutional investors have also modified their holdings of RDCM. Corton Capital Inc. bought a new stake in Radcom during the second quarter worth about $210,000. Trexquant Investment LP acquired a new position in shares of Radcom during the 1st quarter worth approximately $352,000. Walleye Capital LLC raised its stake in shares of Radcom by 31.6% during 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 in the last quarter. ARK Investment Management LLC raised its stake in shares of 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 in the last quarter. Finally, Acadian Asset Management LLC boosted 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 last quarter. Institutional investors and hedge funds own 48.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on RDCM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Radcom in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Radcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Radcom in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Radcom Price Performance

RDCM stock opened at $12.86 on Wednesday. Radcom Ltd. has a one year low of $9.88 and a one year high of $15.98. The stock has a market cap of $210.98 million, a price-to-earnings ratio of 22.17 and a beta of 0.65. The company has a fifty day moving average price of $13.64 and a two-hundred day moving average price of $13.41.

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.