Walleye Capital LLC Acquires Shares of 55,130 RADCOM Ltd. (NASDAQ:RDCM)

Walleye Capital LLC bought 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. The firm bought 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.

A number of other institutional investors have also made changes to their positions in the company. Value Base Ltd. bought a new position in RADCOM in the fourth quarter worth about $10,330,000. Essex Investment Management Co. LLC acquired a new position in RADCOM during the 4th quarter valued at approximately $2,832,000. Legato Capital Management LLC bought a new position in RADCOM during the 4th quarter worth $848,000. Acuitas Investments LLC increased its position in RADCOM by 21.6% in the fourth quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company's stock worth $2,268,000 after buying an additional 32,631 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in RADCOM by 8.5% in the fourth quarter. Renaissance Technologies LLC now owns 238,233 shares of the technology company's stock valued at $2,945,000 after buying an additional 18,600 shares during the last quarter. 48.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RDCM. StockNews.com raised shares of RADCOM from a "buy" rating to a "strong-buy" rating in a report on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and set a $16.00 price target on shares of RADCOM in a report on Friday, January 17th.

RADCOM Stock Performance

Shares of RDCM opened at $10.64 on Wednesday. RADCOM Ltd. has a one year low of $8.52 and a one year high of $15.98. The stock's fifty day moving average is $11.76 and its 200-day moving average is $11.91. The firm has a market capitalization of $166.64 million, a price-to-earnings ratio of 24.18 and a beta of 0.77.

RADCOM (NASDAQ:RDCM - Get Free Report) last released its earnings results on Wednesday, February 12th. The technology company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). RADCOM had a net margin of 11.42% and a return on equity of 8.18%. Analysts forecast that RADCOM Ltd. will post 0.54 EPS 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.

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