Essex Investment Management Co. LLC Acquires New Shares in RADCOM Ltd. (NASDAQ:RDCM)

Essex Investment Management Co. LLC purchased a new stake in RADCOM Ltd. (NASDAQ:RDCM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 229,133 shares of the technology company's stock, valued at approximately $2,832,000. Essex Investment Management Co. LLC owned approximately 1.46% of RADCOM as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of RDCM. Janney Montgomery Scott LLC lifted its stake in RADCOM by 30.2% during the third quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company's stock worth $3,144,000 after purchasing an additional 70,544 shares during the period. Legato Capital Management LLC bought a new position in shares of RADCOM during the 4th quarter worth approximately $848,000. Finally, Acuitas Investments LLC boosted its stake in RADCOM by 21.6% in the 4th quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company's stock valued at $2,268,000 after buying an additional 32,631 shares in the last quarter. Institutional investors own 48.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating and set a $16.00 price target on shares of RADCOM in a report on Friday, January 17th. StockNews.com lowered RADCOM from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 7th.

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RADCOM Price Performance

Shares of NASDAQ:RDCM traded down $0.16 during midday trading on Thursday, reaching $11.59. The company's stock had a trading volume of 44,440 shares, compared to its average volume of 51,203. The business's fifty day simple moving average is $12.96 and its 200-day simple moving average is $11.59. The company has a market capitalization of $181.52 million, a P/E ratio of 26.34 and a beta of 0.93. RADCOM Ltd. has a fifty-two week low of $8.52 and a fifty-two week high of $15.98.

RADCOM (NASDAQ:RDCM - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share 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%. On average, analysts forecast that RADCOM Ltd. will post 0.54 earnings per share for the current fiscal year.

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.