Radcom (NASDAQ:RDCM) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Radcom Ltd. (NASDAQ:RDCM) shares have recently surpassed their 200-day moving average of $12.63, with the stock trading at $12.80 and a peak of $13.36.
• Analyst ratings for Radcom have improved, with Needham & Company increasing its price target from $17.00 to $18.00 and assigning a "buy" rating, while Wall Street Zen upgraded it to a "strong-buy".
• Institutional investors have shown significant interest, with Millennium Management increasing its holdings by 171.6%, indicating a strong bullish sentiment around Radcom's stock.

Shares of Radcom Ltd. (NASDAQ:RDCM - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.63 and traded as high as $13.36. Radcom shares last traded at $12.80, with a volume of 106,167 shares trading hands.

Analyst Ratings Changes

Several brokerages have issued reports on RDCM. Wall Street Zen lowered shares of Radcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Needham & Company LLC lifted their price target on shares of Radcom from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, May 15th.

Radcom Trading Up 1.6%

The firm's 50 day simple moving average is $13.24 and its 200-day simple moving average is $12.63. The stock has a market capitalization of $203.74 million, a price-to-earnings ratio of 22.43 and a beta of 0.74.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Radcom during the 4th quarter worth about $31,000. Raymond James Financial Inc. bought a new stake in shares of Radcom during the 2nd quarter worth about $34,000. JPMorgan Chase & Co. boosted its holdings in shares of Radcom by 1,433.3% during the 4th 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 period. State of Tennessee Department of Treasury bought a new stake in shares of Radcom during the 4th quarter worth about $62,000. Finally, Lazard Asset Management LLC boosted its holdings in shares of Radcom by 171.1% during the 2nd quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company's stock worth $110,000 after buying an additional 5,135 shares during the period. 48.32% of the stock is currently owned by institutional investors and hedge funds.

About Radcom

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.