Inflection Point Investments LLP Reduces Holdings in Radcom Ltd. $RDCM

Inflection Point Investments LLP lessened its stake in shares of Radcom Ltd. (NASDAQ:RDCM) by 27.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 314,991 shares of the technology company’s stock after selling 120,003 shares during the period. Radcom comprises approximately 9.7% of Inflection Point Investments LLP’s investment portfolio, making the stock its 6th biggest holding. Inflection Point Investments LLP owned approximately 1.92% of Radcom worth $4,564,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Virtus Advisers LLC bought a new position in Radcom in the third quarter worth approximately $360,000. Bank of America Corp DE lifted its holdings in shares of Radcom by 93.8% in the 3rd quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock worth $131,000 after buying an additional 4,364 shares during the period. Boothbay Fund Management LLC purchased a new stake in shares of Radcom in the 3rd quarter worth $211,000. Two Sigma Investments LP grew its position in shares of Radcom by 91.8% during the 3rd quarter. Two Sigma Investments LP now owns 79,203 shares of the technology company’s stock worth $1,148,000 after buying an additional 37,898 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Radcom by 1.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 101,990 shares of the technology company’s stock worth $1,477,000 after buying an additional 1,542 shares in the last quarter. Hedge funds and other institutional investors own 48.32% of the company’s stock.

Radcom Price Performance

Shares of RDCM stock opened at $11.19 on Wednesday. The stock’s 50-day moving average is $12.00 and its 200 day moving average is $13.00. Radcom Ltd. has a 1-year low of $9.88 and a 1-year high of $15.15. The company has a market cap of $183.63 million, a P/E ratio of 15.54 and a beta of 0.58.

Radcom (NASDAQ:RDCM) last announced its earnings results on Wednesday, February 11th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. The business had revenue of $18.86 million during the quarter, compared to the consensus estimate of $18.46 million. Radcom had a net margin of 16.77% and a return on equity of 11.53%. On average, analysts anticipate that Radcom Ltd. will post 0.54 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on RDCM. Wall Street Zen upgraded Radcom from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Radcom in a report on Monday, December 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Radcom in a research report on Wednesday, February 11th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

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.