Worth Venture Partners LLC Acquires 36,503 Shares of 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 raised its holdings in shares of Radcom Ltd. (NASDAQ:RDCM - Free Report) by 25.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,343 shares of the technology company's stock after purchasing an additional 36,503 shares during the quarter. Radcom accounts for 3.9% of Worth Venture Partners LLC's portfolio, making the stock its 9th largest position. Worth Venture Partners LLC owned 1.15% of Radcom worth $2,050,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Radcom by 1,433.3% in the fourth quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company's stock worth $57,000 after buying an additional 4,300 shares during the last quarter. Marshall Wace LLP grew its holdings in Radcom by 61.0% during the 4th quarter. Marshall Wace LLP now owns 51,325 shares of the technology company's stock worth $634,000 after acquiring an additional 19,438 shares in the last quarter. State of Tennessee Department of Treasury bought a new stake in shares of Radcom in the 4th quarter worth about $62,000. Northern Trust Corp bought a new stake in shares of Radcom in the 4th quarter worth about $269,000. Finally, Citadel Advisors LLC increased its position 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 worth $483,000 after purchasing an additional 19,653 shares during the last quarter. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

Radcom Stock Up 5.3%

Shares of NASDAQ:RDCM opened at $13.58 on Monday. Radcom Ltd. has a fifty-two week low of $9.23 and a fifty-two week high of $15.98. The firm has a 50-day simple moving average of $13.27 and a 200 day simple moving average of $12.61. The company has a market cap of $212.66 million, a PE ratio of 23.41 and a beta of 0.74.

Wall Street Analysts Forecast Growth

RDCM has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Radcom from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Needham & Company LLC boosted their target price on shares of Radcom from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $18.00.

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.

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