Northern Trust Corp Invests $269,000 in RADCOM Ltd. (NASDAQ:RDCM)

Northern Trust Corp bought a new stake in RADCOM Ltd. (NASDAQ:RDCM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,785 shares of the technology company's stock, valued at approximately $269,000. Northern Trust Corp owned 0.14% of RADCOM at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Value Base Ltd. acquired a new position in shares of RADCOM in the 4th quarter valued at $10,330,000. Renaissance Technologies LLC increased its holdings in shares of RADCOM by 8.5% in the 4th quarter. Renaissance Technologies LLC now owns 238,233 shares of the technology company's stock valued at $2,945,000 after acquiring an additional 18,600 shares during the period. Essex Investment Management Co. LLC purchased a new position in RADCOM in the 4th quarter valued at $2,832,000. Acuitas Investments LLC grew its position in RADCOM by 21.6% in the 4th quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company's stock valued at $2,268,000 after buying an additional 32,631 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in RADCOM by 6.2% in the 4th quarter. Russell Investments Group Ltd. now owns 110,721 shares of the technology company's stock valued at $1,367,000 after buying an additional 6,436 shares during the last quarter. 48.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RDCM shares. Needham & Company LLC lifted their price objective on shares of RADCOM from $17.00 to $18.00 and gave the company 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 Price Performance

Shares of NASDAQ RDCM traded up $0.26 during trading on Thursday, hitting $13.23. 42,004 shares of the company were exchanged, compared to its average volume of 53,642. The company has a market cap of $207.21 million, a price-to-earnings ratio of 30.07 and a beta of 0.71. RADCOM Ltd. has a 1 year low of $9.05 and a 1 year high of $15.98. The firm's fifty day moving average price is $11.92 and its 200 day moving average price is $12.30.

About RADCOM

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.