RADCOM Ltd. (NASDAQ:RDCM) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its holdings in RADCOM Ltd. (NASDAQ:RDCM - Free Report) by 171.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,505 shares of the technology company's stock after acquiring an additional 36,333 shares during the quarter. Millennium Management LLC owned approximately 0.37% of RADCOM worth $711,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in RADCOM by 1,433.3% during the 4th 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 in the last quarter. State of Tennessee Department of Treasury purchased a new stake in shares of RADCOM in the fourth quarter valued at $62,000. Prudential Financial Inc. purchased a new stake in shares of RADCOM in the fourth quarter valued at $183,000. Northern Trust Corp purchased a new position in RADCOM during the fourth quarter worth about $269,000. Finally, Citadel Advisors LLC increased its stake in 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. 48.32% of the stock is owned by hedge funds and other institutional investors.

RADCOM Trading Down 2.1%

Shares of RADCOM stock traded down $0.27 during trading hours on Wednesday, reaching $12.81. 21,750 shares of the company's stock were exchanged, compared to its average volume of 53,770. RADCOM Ltd. has a fifty-two week low of $9.05 and a fifty-two week high of $15.98. The stock has a market cap of $200.63 million, a P/E ratio of 29.11 and a beta of 0.75. The company has a 50 day moving average of $12.10 and a two-hundred day moving average of $12.35.

Wall Street Analyst Weigh In

A number of research analysts have commented on RDCM shares. Wall Street Zen raised RADCOM from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Needham & Company LLC lifted their price objective on RADCOM from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, May 15th.

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.