ARK Investment Management LLC Makes New $1.58 Million Investment in Radcom Ltd. (NASDAQ:RDCM)

Key Points

• ARK Investment Management LLC has acquired a new position in Radcom Ltd., purchasing 137,832 shares valued at approximately $1,575,000, representing 0.88% of the company.
• Several institutional investors, including AWM Investment Company and Renaissance Technologies, also increased their stakes in Radcom during the 4th quarter, highlighting growing interest in the company.
• Wall Street analysts have positively rated Radcom, with Needham & Company raising their target price from $17.00 to $18.00 and elevating their recommendation to a "buy."

ARK Investment Management LLC acquired a new position in Radcom Ltd. (NASDAQ:RDCM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 137,832 shares of the technology company's stock, valued at approximately $1,575,000. ARK Investment Management LLC owned approximately 0.88% of Radcom as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RDCM. Acuitas Investments LLC grew its position in shares of Radcom by 21.4% during the 1st quarter. Acuitas Investments LLC now owns 222,725 shares of the technology company's stock valued at $2,546,000 after acquiring an additional 39,227 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Radcom during the fourth quarter worth $31,000. AWM Investment Company Inc. boosted its stake in Radcom by 2.8% in the fourth quarter. AWM Investment Company Inc. now owns 991,261 shares of the technology company's stock valued at $12,252,000 after acquiring an additional 27,394 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Radcom by 171.6% in the fourth quarter. Millennium Management LLC now owns 57,505 shares of the technology company's stock valued at $711,000 after buying an additional 36,333 shares during the last quarter. Finally, Citadel Advisors LLC increased its stake in shares of Radcom by 101.1% during the fourth quarter. Citadel Advisors LLC now owns 39,083 shares of the technology company's stock worth $483,000 after acquiring an additional 19,653 shares during the period. 48.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Radcom from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Needham & Company LLC raised their price target on shares of Radcom from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, May 15th.

Radcom Trading Down 0.3%

Shares of NASDAQ RDCM traded down $0.05 during midday trading on Wednesday, reaching $13.98. The company's stock had a trading volume of 28,982 shares, compared to its average volume of 70,716. The company has a 50 day moving average price of $13.23 and a 200 day moving average price of $12.65. Radcom Ltd. has a one year low of $9.19 and a one year high of $15.98. The company has a market cap of $218.88 million, a price-to-earnings ratio of 25.88 and a beta of 0.73.

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.