RADCOM Ltd. (NASDAQ:RDCM) Stake Cut by Inflection Point Investments LLP

Inflection Point Investments LLP reduced its stake in RADCOM Ltd. (NASDAQ:RDCM - Free Report) by 13.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 475,954 shares of the technology company's stock after selling 72,502 shares during the period. RADCOM makes up about 11.8% of Inflection Point Investments LLP's holdings, making the stock its 4th largest holding. Inflection Point Investments LLP owned about 3.04% of RADCOM worth $5,440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Legato Capital Management LLC acquired a new stake in RADCOM in the 4th quarter valued at about $848,000. Acuitas Investments LLC raised its holdings in RADCOM by 21.6% in the fourth quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company's stock valued at $2,268,000 after acquiring an additional 32,631 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in RADCOM in the fourth quarter worth approximately $2,832,000. Value Base Ltd. acquired a new position in RADCOM during the 4th quarter worth approximately $10,330,000. Finally, Prudential Financial Inc. purchased a new stake in shares of RADCOM in the 4th quarter valued at approximately $183,000. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on RDCM. Needham & Company LLC increased their target price on RADCOM from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Wall Street Zen upgraded RADCOM from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th.

RADCOM Price Performance

Shares of RADCOM stock traded up $0.26 during trading hours on Monday, hitting $12.33. The company had a trading volume of 35,065 shares, compared to its average volume of 53,973. The company's 50-day moving average is $12.17 and its two-hundred day moving average is $12.36. The company has a market cap of $193.11 million, a P/E ratio of 28.02 and a beta of 0.75. RADCOM Ltd. has a twelve month low of $9.08 and a twelve month high of $15.98.

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.