Janney Montgomery Scott LLC Sells 3,940 Shares of Radcom Ltd. $RDCM

Janney Montgomery Scott LLC reduced its position in Radcom Ltd. (NASDAQ:RDCM) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,914 shares of the technology company’s stock after selling 3,940 shares during the period. Janney Montgomery Scott LLC owned approximately 1.94% of Radcom worth $4,130,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RDCM. Trexquant Investment LP bought a new position in Radcom during the 1st quarter valued at $352,000. Walleye Capital LLC lifted its stake in Radcom by 31.6% during the 1st quarter. Walleye Capital LLC now owns 72,561 shares of the technology company’s stock valued at $829,000 after acquiring an additional 17,431 shares in the last quarter. ARK Investment Management LLC bought a new position in Radcom during the 1st quarter valued at $1,575,000. Worth Venture Partners LLC lifted its stake in Radcom by 25.6% during the 1st quarter. Worth Venture Partners LLC now owns 179,343 shares of the technology company’s stock valued at $2,050,000 after acquiring an additional 36,503 shares in the last quarter. Finally, Acuitas Investments LLC lifted its stake in Radcom by 21.4% during the 1st quarter. Acuitas Investments LLC now owns 222,725 shares of the technology company’s stock valued at $2,546,000 after acquiring an additional 39,227 shares in the last quarter. 48.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RDCM has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Radcom in a research note on Saturday, September 27th. Wall Street Zen lowered Radcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Radcom Stock Down 2.9%

Shares of NASDAQ RDCM opened at $13.79 on Wednesday. Radcom Ltd. has a 52 week low of $9.81 and a 52 week high of $15.98. The business has a 50-day simple moving average of $13.67 and a two-hundred day simple moving average of $12.90. The company has a market cap of $215.95 million, a P/E ratio of 23.78 and a beta of 0.69.

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.