Radcom Ltd. (NASDAQ:RDCM) Shares Bought by Acuitas Investments LLC

Acuitas Investments LLC grew its stake in Radcom Ltd. (NASDAQ:RDCM - Free Report) by 21.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 222,725 shares of the technology company's stock after purchasing an additional 39,227 shares during the period. Radcom comprises approximately 2.2% of Acuitas Investments LLC's investment portfolio, making the stock its 23rd largest holding. Acuitas Investments LLC owned 1.42% of Radcom worth $2,546,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in Radcom during the fourth quarter worth $31,000. JPMorgan Chase & Co. raised its position in shares of Radcom by 1,433.3% in the fourth quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company's stock worth $57,000 after acquiring an additional 4,300 shares during the period. State of Tennessee Department of Treasury purchased a new stake in shares of Radcom during the 4th quarter worth about $62,000. Prudential Financial Inc. purchased a new stake in shares of Radcom during the 4th quarter worth about $183,000. Finally, Northern Trust Corp acquired a new stake in shares of Radcom during the 4th quarter valued at about $269,000. Institutional investors and hedge funds own 48.32% of the company's stock.

Radcom Stock Up 1.1%

Shares of NASDAQ RDCM traded up $0.15 during trading on Friday, hitting $13.73. The company had a trading volume of 33,290 shares, compared to its average volume of 57,793. The firm has a market capitalization of $214.93 million, a price-to-earnings ratio of 25.42 and a beta of 0.73. The stock has a fifty day simple moving average of $12.83 and a two-hundred day simple moving average of $12.47. Radcom Ltd. has a fifty-two week low of $9.08 and a fifty-two week high of $15.98.

Analysts Set New Price Targets

A number of research firms recently weighed in on RDCM. Wall Street Zen raised Radcom from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Needham & Company LLC increased their target price on Radcom from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, May 15th.

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.