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 on Thursday, August 6th. The shares were sold at an average price of $9.95, for a total transaction of $18,656.25. Following the sale, the chief financial officer directly owned 101,250 shares of the company’s stock, valued at $1,007,437.50. This trade represents a 1.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AudioCodes Stock Up 0.2%

AudioCodes stock opened at $9.90 on Friday. AudioCodes Ltd. has a 12 month low of $6.95 and a 12 month high of $10.86. The stock has a market cap of $251.96 million, a P/E ratio of 38.08 and a beta of 0.96. The company’s fifty day simple moving average is $9.65 and its 200-day simple moving average is $8.80.

AudioCodes (NASDAQ:AUDC) last released its quarterly earnings data on Tuesday, August 4th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $62.96 million during the quarter, compared to analysts’ expectations 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 paid a $0.20 dividend. The ex-dividend date is Wednesday, August 19th. This represents a yield of 398.0%. AudioCodes’s payout ratio is 153.85%.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

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

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.