Radcom (NASDAQ:RDCM) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Radcom Ltd. (NASDAQ:RDCM) has surpassed its 200-day moving average of $12.61, reaching a high of $14.32 during trading, with current shares priced at $14.04.
• Wall Street analysts have a positive outlook for Radcom, with Needham & Company raising their price target from $17.00 to $18.00 and upgrading the stock to a "buy."
• Institutional investors hold 48.32% of Radcom's stock, with significant recent investments from firms such as ARK Investment Management and Millennium Management.

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 $12.61 and traded as high as $14.32. Radcom shares last traded at $14.04, with a volume of 35,992 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Needham & Company LLC lifted their price objective on Radcom from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised Radcom from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th.

Radcom Price Performance

The company has a 50-day moving average price of $13.17 and a two-hundred day moving average price of $12.61. The company has a market cap of $219.87 million, a PE ratio of 26.00 and a beta of 0.73.

Institutional Trading of Radcom

Several large investors have recently modified their holdings of RDCM. ARK Investment Management LLC acquired a new stake in shares of Radcom during the first quarter valued at about $1,575,000. Walleye Capital LLC bought a new stake in shares of Radcom in the 4th quarter worth about $681,000. Acuitas Investments LLC increased its position 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 purchasing an additional 39,227 shares during the last quarter. Worth Venture Partners LLC increased its position in shares of 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 during the last quarter. Finally, Millennium Management LLC increased its position 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 purchasing an additional 36,333 shares during the last quarter. 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.

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