Acuitas Investments LLC Lowers Holdings in Radcom Ltd. $RDCM

Acuitas Investments LLC cut its holdings in Radcom Ltd. (NASDAQ:RDCM) by 78.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,483 shares of the technology company’s stock after selling 169,794 shares during the quarter. Acuitas Investments LLC owned 0.28% of Radcom worth $659,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Radcom in the 2nd quarter worth $34,000. New York State Common Retirement Fund purchased a new position in Radcom during the 3rd quarter valued at approximately $76,000. Lazard Asset Management LLC grew its holdings in shares of Radcom by 171.1% in the second quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock valued at $110,000 after purchasing an additional 5,135 shares in the last quarter. Cox Capital Mgt LLC purchased a new position in shares of Radcom in the 3rd quarter worth $145,000. Finally, Jump Financial LLC bought a new stake in Radcom during the second quarter worth approximately $165,000. Institutional investors own 48.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RDCM shares. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Radcom in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Radcom in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Radcom presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Radcom Price Performance

Shares of Radcom stock opened at $12.30 on Friday. The stock has a market cap of $201.84 million, a PE ratio of 18.92 and a beta of 0.57. The firm has a fifty day moving average price of $13.02 and a 200 day moving average price of $13.40. Radcom Ltd. has a 1 year low of $9.88 and a 1 year high of $15.98.

Radcom Profile

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.