Walleye Capital LLC Takes Position in RADCOM Ltd. (NASDAQ:RDCM)

Walleye Capital LLC purchased a new position in RADCOM Ltd. (NASDAQ:RDCM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 55,130 shares of the technology company's stock, valued at approximately $681,000. Walleye Capital LLC owned approximately 0.35% of RADCOM at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RDCM. Renaissance Technologies LLC raised its stake in shares of RADCOM by 8.5% during the fourth quarter. Renaissance Technologies LLC now owns 238,233 shares of the technology company's stock valued at $2,945,000 after acquiring an additional 18,600 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in RADCOM by 6.2% in the fourth quarter. Russell Investments Group Ltd. now owns 110,721 shares of the technology company's stock worth $1,367,000 after acquiring an additional 6,436 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 4,300 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of RADCOM in the fourth quarter worth about $183,000. Finally, Value Base Ltd. purchased a new position in shares of RADCOM in the fourth quarter worth about $10,330,000. Hedge funds and other institutional investors own 48.32% of the company's stock.

RADCOM Stock Up 1.9 %

Shares of RADCOM stock traded up $0.20 on Monday, reaching $11.00. The company's stock had a trading volume of 17,900 shares, compared to its average volume of 50,298. The company has a market capitalization of $172.28 million, a P/E ratio of 25.00 and a beta of 0.77. RADCOM Ltd. has a 52-week low of $8.52 and a 52-week high of $15.98. The stock has a 50-day moving average price of $11.58 and a 200-day moving average price of $11.93.

RADCOM (NASDAQ:RDCM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). RADCOM had a return on equity of 8.18% and a net margin of 11.42%. Sell-side analysts forecast that RADCOM Ltd. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and set a $16.00 price target on shares of RADCOM in a research report on Friday, January 17th. StockNews.com upgraded RADCOM from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd.

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.