Trexquant Investment LP Purchases New Holdings in Radcom Ltd. $RDCM

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 position in Radcom Ltd. (NASDAQ:RDCM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 30,785 shares of the technology company's stock, valued at approximately $352,000. Trexquant Investment LP owned 0.20% of Radcom as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in Radcom in the 4th quarter worth about $31,000. Northern Trust Corp purchased a new stake in shares of Radcom in the 4th quarter valued at about $269,000. Citadel Advisors LLC raised its holdings 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 acquiring an additional 19,653 shares in the last quarter. Millennium Management LLC raised its holdings 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 acquiring an additional 36,333 shares in the last quarter. Finally, Walleye Capital LLC raised its holdings 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 acquiring an additional 17,431 shares in the last quarter. Institutional investors own 48.32% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on RDCM. Wall Street Zen cut shares of Radcom from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Needham & Company LLC raised 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. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $18.00.

Radcom Stock Up 1.5%

Shares of RDCM traded up $0.22 during mid-day trading on Friday, hitting $14.59. 51,277 shares of the company's stock traded hands, compared to its average volume of 56,295. Radcom Ltd. has a 1 year low of $9.41 and a 1 year high of $15.98. The business's 50-day moving average price is $13.44 and its 200-day moving average price is $12.62. The firm has a market capitalization of $228.48 million, a P/E ratio of 25.16 and a beta of 0.68.

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.