Radcom Ltd. $RDCM Shares Purchased by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in Radcom Ltd. by 9.7% in the first quarter, owning around 287,826 shares valued at approximately $3.27 million.
• Other institutional investors like ARK Investment Management and Acuitas Investments also made significant adjustments to their holdings in Radcom during the same period.
• Despite a recent downgrade from "strong-buy" to "buy" by Wall Street Zen, Radcom has a consensus rating of "Buy" with an average price target of $18.00.

Acadian Asset Management LLC increased its holdings in Radcom Ltd. (NASDAQ:RDCM - Free Report) by 9.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 287,826 shares of the technology company's stock after acquiring an additional 25,463 shares during the quarter. Acadian Asset Management LLC owned approximately 1.84% of Radcom worth $3,265,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in RDCM. ARK Investment Management LLC purchased a new stake in Radcom in the first quarter worth about $1,575,000. Acuitas Investments LLC lifted its stake in Radcom by 21.4% in the first quarter. Acuitas Investments LLC now owns 222,725 shares of the technology company's stock worth $2,546,000 after acquiring an additional 39,227 shares during the period. Worth Venture Partners LLC lifted its stake in Radcom by 25.6% in the first quarter. Worth Venture Partners LLC now owns 179,343 shares of the technology company's stock worth $2,050,000 after acquiring an additional 36,503 shares during the period. Millennium Management LLC lifted its stake in Radcom by 171.6% in the fourth quarter. Millennium Management LLC now owns 57,505 shares of the technology company's stock worth $711,000 after acquiring an additional 36,333 shares during the period. Finally, Trexquant Investment LP purchased a new stake in Radcom in the first quarter worth about $352,000. 48.32% of the stock is owned by hedge funds and other institutional investors.

Radcom Price Performance

Radcom stock traded up $0.16 during trading hours on Friday, reaching $14.54. The stock had a trading volume of 81,164 shares, compared to its average volume of 53,960. The company has a market cap of $227.70 million, a price-to-earnings ratio of 25.07 and a beta of 0.68. The business's 50 day moving average price is $13.55 and its 200-day moving average price is $12.70. Radcom Ltd. has a 52 week low of $9.67 and a 52 week high of $15.98.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Radcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Radcom currently has a consensus rating of "Buy" and an average target price of $18.00.

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.