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

AudioCodes Ltd. (NASDAQ:AUDC) CFO Niran Baruch sold 1,875 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $9.99, for a total value of $18,731.25. Following the completion of the sale, the chief financial officer directly owned 99,375 shares of the company’s stock, valued at approximately $992,756.25. This represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Niran Baruch also recently made the following trade(s):

• On Thursday, August 6th, Niran Baruch sold 1,875 shares of AudioCodes stock. The stock was sold at an average price of $9.95, for a total value of $18,656.25.

AudioCodes Trading Up 0.6%

Shares of AUDC opened at $10.00 on Tuesday. The firm has a market cap of $241.50 million, a price-to-earnings ratio of 38.46 and a beta of 0.96. The stock has a 50 day moving average of $9.64 and a 200-day moving average of $8.82. AudioCodes Ltd. has a 52 week low of $6.95 and a 52 week high of $10.86.

AudioCodes (NASDAQ:AUDC) last issued its quarterly earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $62.96 million during the quarter, compared to the consensus estimate 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 firm also recently announced a dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.20 per share. This represents a dividend yield of 398.0%. The ex-dividend date of this dividend is Wednesday, August 19th. AudioCodes’s dividend payout ratio is 153.85%.

Analysts Set New Price Targets

AUDC has been the subject of several research reports. Weiss Ratings raised shares of AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Wall Street Zen raised shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 27th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, AudioCodes presently has an average rating of “Hold”.

Institutional Investors Weigh In On AudioCodes

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in AudioCodes in the 2nd quarter worth approximately $43,000. Barclays PLC raised its stake in AudioCodes by 3,621.4% during the 4th quarter. Barclays PLC now owns 7,294 shares of the communications equipment provider’s stock valued at $64,000 after acquiring an additional 7,098 shares in the last quarter. Jump Financial LLC acquired a new position in AudioCodes during the 2nd quarter worth $127,000. NewEdge Advisors LLC acquired a new position in AudioCodes during the 4th quarter worth $150,000. Finally, SIH Partners LLLP bought a new position in shares of AudioCodes in the third quarter worth $170,000. Institutional investors own 68.05% of the company’s stock.

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.