Radcom Ltd. (NASDAQ:RDCM) Stock Position Lowered by P.A.W. Capital Corp

P.A.W. Capital Corp lessened its stake in shares of Radcom Ltd. (NASDAQ:RDCM - Free Report) by 14.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,000 shares of the technology company's stock after selling 25,000 shares during the quarter. Radcom comprises 4.2% of P.A.W. Capital Corp's investment portfolio, making the stock its 9th biggest holding. P.A.W. Capital Corp owned about 0.96% of Radcom worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC boosted its position in Radcom by 171.6% in the fourth quarter. Millennium Management LLC now owns 57,505 shares of the technology company's stock worth $711,000 after purchasing an additional 36,333 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Radcom in the 4th quarter worth approximately $183,000. Citadel Advisors LLC increased its position in Radcom by 101.1% during the 4th quarter. Citadel Advisors LLC now owns 39,083 shares of the technology company's stock valued at $483,000 after buying an additional 19,653 shares in the last quarter. Northern Trust Corp bought a new position in Radcom during the 4th quarter valued at approximately $269,000. Finally, Russell Investments Group Ltd. increased its position in Radcom by 6.2% during 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 in the last quarter. Hedge funds and other institutional investors own 48.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RDCM shares. Wall Street Zen upgraded Radcom from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Needham & Company LLC boosted 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.

Radcom Stock Performance

NASDAQ:RDCM traded up $0.15 during trading hours on Friday, reaching $13.73. The company's stock had a trading volume of 33,290 shares, compared to its average volume of 57,595. The stock has a 50 day moving average price of $12.77 and a two-hundred day moving average price of $12.46. Radcom Ltd. has a 12 month low of $9.08 and a 12 month high of $15.98. The company has a market capitalization of $214.96 million, a P/E ratio of 25.42 and a beta of 0.73.

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.