Citadel Advisors LLC Grows Stake in RADCOM Ltd. (NASDAQ:RDCM)

Citadel Advisors LLC lifted its holdings in RADCOM Ltd. (NASDAQ:RDCM - Free Report) by 101.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,083 shares of the technology company's stock after buying an additional 19,653 shares during the quarter. Citadel Advisors LLC owned approximately 0.25% of RADCOM worth $483,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of RDCM. JPMorgan Chase & Co. grew its stake in 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 purchasing an additional 4,300 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in RADCOM in the fourth quarter worth approximately $62,000. Prudential Financial Inc. bought a new position in RADCOM in the fourth quarter worth approximately $183,000. Northern Trust Corp bought a new position in RADCOM in the fourth quarter worth approximately $269,000. Finally, Marshall Wace LLP grew its stake in RADCOM by 61.0% in the fourth quarter. Marshall Wace LLP now owns 51,325 shares of the technology company's stock worth $634,000 after purchasing an additional 19,438 shares in the last quarter. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

RADCOM Price Performance

NASDAQ RDCM traded down $0.39 on Wednesday, hitting $12.97. The stock had a trading volume of 23,791 shares, compared to its average volume of 53,424. The business's fifty day moving average price is $11.90 and its 200 day moving average price is $12.29. RADCOM Ltd. has a 52-week low of $9.05 and a 52-week high of $15.98. The stock has a market cap of $203.14 million, a price-to-earnings ratio of 29.48 and a beta of 0.71.

Analyst Upgrades and Downgrades

RDCM has been the topic of several research analyst reports. Needham & Company LLC increased their price objective on RADCOM from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised RADCOM from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th.

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.