Worth Venture Partners LLC Grows Stock Position in Radcom Ltd. $RDCM

Key Points

• Worth Venture Partners LLC increased its holdings in Radcom Ltd. by 25.6%, owning a total of 179,343 shares, which makes it the 9th largest position in their portfolio.
• Radcom stock is experiencing positive momentum, with shares up 5.3% recently, and analysts have a consensus rating of "Buy" with a target price of $18.00.
• Other institutional investors, including JPMorgan Chase and Citadel Advisors, have also significantly increased their stakes in Radcom in the fourth quarter.

Worth Venture Partners LLC grew its position in shares of Radcom Ltd. (NASDAQ:RDCM - Free Report) by 25.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 179,343 shares of the technology company's stock after acquiring an additional 36,503 shares during the period. Radcom comprises about 3.9% of Worth Venture Partners LLC's holdings, making the stock its 9th largest holding. Worth Venture Partners LLC owned about 1.15% of Radcom worth $2,050,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. AWM Investment Company Inc. grew its stake in shares of Radcom by 2.8% in the 4th quarter. AWM Investment Company Inc. now owns 991,261 shares of the technology company's stock worth $12,252,000 after buying an additional 27,394 shares during the last quarter. Acuitas Investments LLC grew its stake in shares of Radcom by 21.4% in the 1st quarter. Acuitas Investments LLC now owns 222,725 shares of the technology company's stock worth $2,546,000 after buying an additional 39,227 shares during the last quarter. ARK Investment Management LLC purchased a new stake in shares of Radcom in the 1st quarter worth approximately $1,575,000. Walleye Capital LLC grew 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 worth $829,000 after buying an additional 17,431 shares during the last quarter. Finally, Millennium Management LLC grew 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 worth $711,000 after buying an additional 36,333 shares during the last quarter. Hedge funds and other institutional investors own 48.32% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the company. Wall Street Zen downgraded Radcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Needham & Company LLC increased their target price on Radcom from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Radcom has an average rating of "Buy" and a consensus price target of $18.00.

Radcom Trading Down 0.7%

RDCM traded down $0.09 during trading on Friday, hitting $13.23. 30,220 shares of the company's stock traded hands, compared to its average volume of 63,873. The company's 50 day simple moving average is $13.35 and its two-hundred day simple moving average is $12.57. Radcom Ltd. has a 12-month low of $9.23 and a 12-month high of $15.98. The stock has a market capitalization of $207.18 million, a price-to-earnings ratio of 22.81 and a beta of 0.74.

Radcom Company 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.