AWM Investment Company Inc. Raises Stake in RADCOM Ltd. (NASDAQ:RDCM)

AWM Investment Company Inc. raised its stake in RADCOM Ltd. (NASDAQ:RDCM - Free Report) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 991,261 shares of the technology company's stock after purchasing an additional 27,394 shares during the period. RADCOM accounts for about 1.5% of AWM Investment Company Inc.'s holdings, making the stock its 29th biggest position. AWM Investment Company Inc. owned 6.33% of RADCOM worth $12,252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Millennium Management LLC grew its position in shares of RADCOM by 171.6% during 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 last quarter. Citadel Advisors LLC grew its position 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 last quarter. Northern Trust Corp purchased a new position in shares of RADCOM during the fourth quarter worth approximately $269,000. State of Tennessee Department of Treasury purchased a new position in shares of RADCOM during the fourth quarter worth approximately $62,000. Finally, Marshall Wace LLP grew its position in shares of RADCOM by 61.0% during the fourth quarter. Marshall Wace LLP now owns 51,325 shares of the technology company's stock worth $634,000 after acquiring an additional 19,438 shares during the last quarter. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

RADCOM Stock Down 1.4%

NASDAQ:RDCM traded down $0.18 during midday trading on Friday, reaching $12.76. The stock had a trading volume of 23,495 shares, compared to its average volume of 52,929. The firm has a fifty day simple moving average of $11.78 and a two-hundred day simple moving average of $12.18. RADCOM Ltd. has a 12-month low of $9.05 and a 12-month high of $15.98. The stock has a market cap of $199.85 million, a P/E ratio of 29.00 and a beta of 0.71.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RDCM. Needham & Company LLC raised their target price on shares of RADCOM from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded shares of RADCOM from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th.

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.