AudioCodes (NASDAQ:AUDC) EVP Lior Aldema Sells 2,812 Shares of Stock

AudioCodes Ltd. (NASDAQ:AUDC) EVP Lior Aldema sold 2,812 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $9.98, for a total transaction of $28,063.76. Following the completion of the transaction, the executive vice president directly owned 104,065 shares in the company, valued at $1,038,568.70. The trade was a 2.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lior Aldema also recently made the following trade(s):

• On Wednesday, August 5th, Lior Aldema sold 2,812 shares of AudioCodes stock. The shares were sold at an average price of $9.86, for a total transaction of $27,726.32.

AudioCodes Stock Performance

AudioCodes stock opened at $9.95 on Wednesday. The company’s 50 day simple moving average is $9.64 and its 200-day simple moving average is $8.83. AudioCodes Ltd. has a 1 year low of $6.95 and a 1 year high of $10.86. The company has a market capitalization of $240.29 million, a price-to-earnings ratio of 38.27 and a beta of 0.96.

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

AudioCodes Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings upgraded AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 27th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, AudioCodes presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On AudioCodes

Several large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in AudioCodes in the 2nd quarter valued at about $43,000. Barclays PLC grew its position in shares of AudioCodes by 3,621.4% during the fourth quarter. Barclays PLC now owns 7,294 shares of the communications equipment provider’s stock worth $64,000 after buying an additional 7,098 shares in the last quarter. Jump Financial LLC acquired a new position in shares of AudioCodes during the second quarter worth about $127,000. NewEdge Advisors LLC purchased a new stake in shares of AudioCodes during the fourth quarter worth approximately $150,000. Finally, SIH Partners LLLP purchased a new stake in shares of AudioCodes during the third quarter worth approximately $170,000. Hedge funds and other institutional investors own 68.05% of the company’s stock.

AudioCodes Company Profile

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.