Janney Montgomery Scott LLC raised its position in shares of RADCOM Ltd. (NASDAQ:RDCM - Free Report) by 30.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 304,064 shares of the technology company's stock after purchasing an additional 70,544 shares during the period. Janney Montgomery Scott LLC owned approximately 1.94% of RADCOM worth $3,144,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in RDCM. Russell Investments Group Ltd. lifted its holdings in shares of RADCOM by 4.4% in the 1st quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company's stock worth $1,301,000 after acquiring an additional 4,935 shares during the last quarter. Acadian Asset Management LLC lifted its stake in RADCOM by 34.1% in the first quarter. Acadian Asset Management LLC now owns 90,180 shares of the technology company's stock worth $987,000 after purchasing an additional 22,923 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in RADCOM during the first quarter valued at about $159,000. Finally, AWM Investment Company Inc. grew its stake in shares of RADCOM by 5.7% during the first quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company's stock valued at $9,383,000 after buying an additional 45,000 shares during the last quarter. Institutional investors own 48.32% of the company's stock.
Analyst Ratings Changes
Separately, Needham & Company LLC reissued a "buy" rating and issued a $14.00 target price on shares of RADCOM in a research note on Thursday, August 8th.
Get Our Latest Stock Analysis on RDCM
RADCOM Stock Performance
Shares of NASDAQ RDCM traded up $0.05 during mid-day trading on Monday, hitting $10.50. The stock had a trading volume of 34,740 shares, compared to its average volume of 34,747. The firm has a market cap of $164.43 million, a P/E ratio of 33.71 and a beta of 0.86. The business has a 50 day moving average price of $10.21 and a two-hundred day moving average price of $9.74. RADCOM Ltd. has a 1 year low of $7.63 and a 1 year high of $12.10.
About RADCOM
(
Free Report)
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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