RADCOM Ltd. (NASDAQ:RDCM) Shares Sold by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. cut its stake in RADCOM Ltd. (NASDAQ:RDCM) by 22.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 604,222 shares of the technology company’s stock after selling 172,375 shares during the quarter. RADCOM comprises approximately 1.3% of Yelin Lapidot Holdings Management Ltd.’s investment portfolio, making the stock its 21st biggest position. Yelin Lapidot Holdings Management Ltd. owned about 3.86% of RADCOM worth $7,468,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Legato Capital Management LLC acquired a new position in shares of RADCOM during the 4th quarter worth about $848,000. Acuitas Investments LLC grew its stake in shares of RADCOM by 21.6% during the 4th quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company’s stock valued at $2,268,000 after buying an additional 32,631 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of RADCOM by 30.2% in the third quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock worth $3,144,000 after buying an additional 70,544 shares during the period. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

RADCOM Stock Down 2.9 %

Shares of NASDAQ RDCM opened at $11.98 on Friday. The business’s 50 day moving average price is $13.02 and its two-hundred day moving average price is $11.45. RADCOM Ltd. has a twelve month low of $8.52 and a twelve month high of $15.98. The company has a market cap of $187.63 million, a PE ratio of 27.23 and a beta of 0.90.

RADCOM (NASDAQ:RDCM) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). RADCOM had a net margin of 11.42% and a return on equity of 8.18%. As a group, research analysts anticipate that RADCOM Ltd. will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RDCM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of RADCOM in a report on Friday, January 17th. StockNews.com downgraded shares of RADCOM from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

RADCOM 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.