Millennium Management LLC Buys 36,333 Shares of RADCOM Ltd. (NASDAQ:RDCM)

Millennium Management LLC boosted its stake in shares of RADCOM Ltd. (NASDAQ:RDCM - Free Report) by 171.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,505 shares of the technology company's stock after buying an additional 36,333 shares during the period. Millennium Management LLC owned approximately 0.37% of RADCOM worth $711,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of RADCOM by 1,433.3% in the 4th 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 stake in shares of RADCOM in the 4th quarter worth $62,000. Prudential Financial Inc. bought a new stake in shares of RADCOM in the 4th quarter worth $183,000. Northern Trust Corp bought a new stake in shares of RADCOM in the 4th quarter worth $269,000. Finally, Citadel Advisors LLC increased its holdings in shares of RADCOM by 101.1% in the 4th quarter. Citadel Advisors LLC now owns 39,083 shares of the technology company's stock worth $483,000 after purchasing an additional 19,653 shares in the last quarter. Institutional investors own 48.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently 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 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 Trading Down 0.6%

NASDAQ:RDCM opened at $13.15 on Friday. The business's 50-day moving average is $11.99 and its 200 day moving average is $12.33. RADCOM Ltd. has a 12 month low of $9.05 and a 12 month high of $15.98. The company has a market capitalization of $205.96 million, a P/E ratio of 29.89 and a beta of 0.75.

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.

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