RADCOM Ltd. (NASDAQ:RDCM) Shares Sold by Inflection Point Investments LLP

Inflection Point Investments LLP decreased its stake in shares of RADCOM Ltd. (NASDAQ:RDCM) by 13.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 475,954 shares of the technology company’s stock after selling 72,502 shares during the period. RADCOM comprises about 11.8% of Inflection Point Investments LLP’s holdings, making the stock its 4th largest position. Inflection Point Investments LLP owned approximately 3.04% of RADCOM worth $5,440,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in RADCOM during the fourth quarter worth about $31,000. JPMorgan Chase & Co. grew its stake in shares of RADCOM by 1,433.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company’s stock worth $57,000 after buying an additional 4,300 shares during the last quarter. State of Tennessee Department of Treasury purchased a new stake in RADCOM during the 4th quarter valued at $62,000. Prudential Financial Inc. bought a new position in shares of RADCOM during the 4th quarter valued at $183,000. Finally, Northern Trust Corp bought a new stake in RADCOM during the fourth quarter valued at about $269,000. 48.32% of the stock is currently owned by institutional investors.

RADCOM Trading Down 1.6%

Shares of NASDAQ RDCM opened at $12.61 on Friday. The stock has a market capitalization of $197.50 million, a PE ratio of 28.66 and a beta of 0.75. The stock has a fifty day simple moving average of $12.14 and a 200-day simple moving average of $12.36. RADCOM Ltd. has a twelve month low of $9.05 and a twelve month high of $15.98.

Wall Street Analyst Weigh In

Several research firms recently commented on RDCM. Wall Street Zen upgraded RADCOM from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 16th. Needham & Company LLC upped their price target on shares of RADCOM from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 15th.

About RADCOM

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.