30,785 Shares in Radcom Ltd. $RDCM Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP acquired 30,785 shares of Radcom Ltd. (NASDAQ:RDCM) during the first quarter, representing a stake worth approximately $352,000.
• Analysts have updated their ratings on Radcom, with Needham & Company raising the price target to $18.00 and maintaining a "buy" rating.
• Radcom's stock has experienced a 1.8% decline recently, trading at $13.99, with a market cap of $219.08 million and a price-to-earnings ratio of 24.12.

Trexquant Investment LP bought a new stake in Radcom Ltd. (NASDAQ:RDCM - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 30,785 shares of the technology company's stock, valued at approximately $352,000. Trexquant Investment LP owned approximately 0.20% of Radcom at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RDCM. Public Employees Retirement System of Ohio acquired a new position in Radcom in the 4th quarter valued at about $31,000. Northern Trust Corp purchased a new position in shares of Radcom in the 4th quarter valued at about $269,000. Citadel Advisors LLC boosted its stake 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 valued at $483,000 after buying an additional 19,653 shares during the period. Millennium Management LLC boosted its stake in shares of Radcom by 171.6% in the 4th quarter. Millennium Management LLC now owns 57,505 shares of the technology company's stock valued at $711,000 after buying an additional 36,333 shares during the period. Finally, Walleye Capital LLC boosted its stake in shares of Radcom by 31.6% in the 1st quarter. Walleye Capital LLC now owns 72,561 shares of the technology company's stock valued at $829,000 after buying an additional 17,431 shares during the period. 48.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Radcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $18.00.

Radcom Trading Down 2.9%

RDCM stock traded down $0.43 during trading on Monday, hitting $14.16. 45,822 shares of the company's stock were exchanged, compared to its average volume of 56,280. The business has a 50-day moving average price of $13.45 and a two-hundred day moving average price of $12.64. The stock has a market capitalization of $221.75 million, a price-to-earnings ratio of 24.41 and a beta of 0.68. Radcom Ltd. has a 52-week low of $9.42 and a 52-week high of $15.98.

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.