Radcom (NASDAQ:RDCM) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• Radcom Ltd. (NASDAQ:RDCM) stock surpassed its **200-day moving average**, reaching a high of **$13.81** during trading, with the latest trade at **$13.21**.
• Analysts have increased **price targets** for Radcom, with Needham & Company raising theirs from **$17.00 to $18.00** and Wall Street Zen upgrading from "buy" to **"strong-buy"**.
• Institutional investors now hold **48.32%** of Radcom's stock, with several hedge funds, such as Corton Capital and ARK Investment Management, increasing their stakes in the company recently.

Radcom Ltd. (NASDAQ:RDCM - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.65 and traded as high as $13.81. Radcom shares last traded at $13.21, with a volume of 11,355 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RDCM. Wall Street Zen raised Radcom from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Needham & Company LLC lifted their price target on Radcom from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th.

Radcom Stock Up 1.5%

The stock has a market capitalization of $203.45 million, a P/E ratio of 24.06 and a beta of 0.74. The firm has a 50-day moving average of $13.24 and a 200 day moving average of $12.63.

Institutional Trading of Radcom

Large investors have recently bought and sold shares of the business. ARK Investment Management LLC purchased a new position in shares of Radcom during the 1st quarter worth $1,575,000. Walleye Capital LLC purchased a new position in shares of Radcom in the 4th quarter worth approximately $681,000. Acuitas Investments LLC lifted its stake in Radcom by 21.4% during the 1st quarter. Acuitas Investments LLC now owns 222,725 shares of the technology company's stock valued at $2,546,000 after acquiring an additional 39,227 shares during the period. Acadian Asset Management LLC raised its position in shares of Radcom by 13.3% in the second quarter. Acadian Asset Management LLC now owns 326,110 shares of the technology company's stock worth $4,406,000 after acquiring an additional 38,284 shares during the period. Finally, Worth Venture Partners LLC lifted its stake in Radcom by 25.6% in the 1st quarter. Worth Venture Partners LLC now owns 179,343 shares of the technology company's stock worth $2,050,000 after purchasing an additional 36,503 shares in the last quarter. 48.32% of the stock is currently owned by institutional investors and hedge funds.

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.