RADCOM (NASDAQ:RDCM) Share Price Passes Above 200 Day Moving Average of $9.07

RADCOM Ltd. (NASDAQ:RDCM)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.07 and traded as high as $9.80. RADCOM shares last traded at $9.57, with a volume of 15,226 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Needham & Company LLC raised shares of RADCOM from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Thursday, January 25th. StockNews.com started coverage on shares of RADCOM in a research report on Tuesday. They set a “buy” rating for the company.

RADCOM Stock Down 1.2 %

The stock has a fifty day moving average of $10.16 and a two-hundred day moving average of $9.07. The stock has a market cap of $148.05 million, a price-to-earnings ratio of 39.88 and a beta of 0.76.

Institutional Trading of RADCOM

Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC grew its stake in RADCOM by 39.9% during the third quarter. Acadian Asset Management LLC now owns 65,524 shares of the technology company’s stock worth $555,000 after buying an additional 18,681 shares during the period. Yelin Lapidot Holdings Management Ltd. purchased a new stake in RADCOM during the 3rd quarter worth $11,181,000. P.A.W. Capital Corp increased its holdings in RADCOM by 56.3% in the 4th quarter. P.A.W. Capital Corp now owns 250,000 shares of the technology company’s stock valued at $2,015,000 after purchasing an additional 90,000 shares in the last quarter. Janney Montgomery Scott LLC raised its position in RADCOM by 18.8% in the third quarter. Janney Montgomery Scott LLC now owns 114,181 shares of the technology company’s stock valued at $992,000 after purchasing an additional 18,100 shares during the period. Finally, AWM Investment Company Inc. lifted its stake in shares of RADCOM by 9.2% during the third quarter. AWM Investment Company Inc. now owns 753,929 shares of the technology company’s stock worth $6,552,000 after purchasing an additional 63,622 shares in the last quarter. Hedge funds and other institutional investors own 48.32% of the company’s stock.

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.