AudioCodes (NASDAQ:AUDC) CFO Niran Baruch Sells 1,875 Shares of Stock

AudioCodes Ltd. (NASDAQ:AUDC) CFO Niran Baruch sold 1,875 shares of AudioCodes stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $9.95, for a total value of $18,656.25. Following the completion of the transaction, the chief financial officer directly owned 101,250 shares of the company’s stock, valued at approximately $1,007,437.50. This trade represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AudioCodes Price Performance

Shares of NASDAQ:AUDC opened at $9.94 on Friday. AudioCodes Ltd. has a 1 year low of $6.95 and a 1 year high of $10.86. The business’s 50-day moving average is $9.65 and its 200-day moving average is $8.81. The company has a market capitalization of $240.05 million, a price-to-earnings ratio of 38.23 and a beta of 0.96.

AudioCodes (NASDAQ:AUDC) last issued its quarterly earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $62.96 million for the quarter, compared to analyst estimates of $62.40 million. AudioCodes had a return on equity of 6.79% and a net margin of 2.83%.AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.

AudioCodes Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a yield of 398.0%. AudioCodes’s dividend payout ratio is currently 153.85%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. bought a new stake in AudioCodes during the first quarter worth $1,238,000. Millennium Management LLC lifted its stake in AudioCodes by 101.6% during the 4th quarter. Millennium Management LLC now owns 284,951 shares of the communications equipment provider’s stock valued at $2,488,000 after acquiring an additional 143,632 shares in the last quarter. Heartland Advisors Inc. boosted its holdings in AudioCodes by 15.8% during the 1st quarter. Heartland Advisors Inc. now owns 965,734 shares of the communications equipment provider’s stock worth $8,122,000 after acquiring an additional 131,934 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in AudioCodes by 12.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 740,560 shares of the communications equipment provider’s stock worth $6,209,000 after acquiring an additional 82,016 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of AudioCodes by 41.7% in the 4th quarter. Marshall Wace LLP now owns 186,983 shares of the communications equipment provider’s stock worth $1,632,000 after acquiring an additional 55,055 shares in the last quarter. 68.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AUDC. Wall Street Zen raised shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 27th. Weiss Ratings raised AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

About AudioCodes

AudioCodes Ltd is a global provider of advanced voice networking and media processing solutions for enterprises and service providers. The company designs and manufactures a comprehensive portfolio of products, including session border controllers (SBCs), media gateways, IP phones, management and monitoring software, and cloud-based communications microservices. Its offerings support a wide range of unified communications (UC) and contact center deployments, enabling secure, high-quality voice connectivity across on-premises, hybrid and cloud environments.

Founded in 1993 and headquartered in Rosh Ha’Ayin, Israel, AudioCodes serves customers in North America, Europe, Asia-Pacific and Latin America.