RADCOM Ltd. (NASDAQ:RDCM) Shares Sold by Inflection Point Investments LLP

Inflection Point Investments LLP decreased its position in RADCOM Ltd. (NASDAQ:RDCM - Free Report) by 13.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 475,954 shares of the technology company's stock after selling 72,502 shares during the quarter. RADCOM comprises 11.8% of Inflection Point Investments LLP's investment portfolio, making the stock its 4th largest holding. Inflection Point Investments LLP owned 3.04% of RADCOM worth $5,440,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in RDCM. Value Base Ltd. bought a new stake in RADCOM during the fourth quarter worth approximately $10,330,000. Essex Investment Management Co. LLC bought a new stake in RADCOM during the fourth quarter worth approximately $2,832,000. Legato Capital Management LLC bought a new stake in RADCOM during the fourth quarter worth approximately $848,000. Walleye Capital LLC bought a new stake in RADCOM during the fourth quarter worth approximately $681,000. Finally, Millennium Management LLC boosted its position in RADCOM by 171.6% during 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 period. Institutional investors own 48.32% of the company's stock.

Wall Street Analyst Weigh In

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

RADCOM Price Performance

RDCM stock traded down $0.54 on Friday, reaching $12.07. 35,537 shares of the company were exchanged, compared to its average volume of 54,049. RADCOM Ltd. has a 12 month low of $9.08 and a 12 month high of $15.98. The stock's fifty day moving average price is $12.17 and its 200 day moving average price is $12.36. The firm has a market capitalization of $189.04 million, a PE ratio of 27.43 and a beta of 0.75.

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.