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

AudioCodes Ltd. (NASDAQ:AUDC) EVP Lior Aldema sold 2,812 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $9.86, for a total value of $27,726.32. Following the sale, the executive vice president owned 109,689 shares of the company’s stock, valued at $1,081,533.54. The trade was a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AudioCodes Stock Performance

Shares of AUDC stock opened at $9.94 on Friday. AudioCodes Ltd. has a fifty-two week low of $6.95 and a fifty-two week high of $10.86. The stock’s fifty day moving average price is $9.65 and its two-hundred day moving average price is $8.81. The company has a market cap of $240.05 million, a PE ratio of 38.23 and a beta of 0.96.

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

AudioCodes Dividend Announcement

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 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 payout ratio is presently 153.85%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On AudioCodes

A number of hedge funds have recently modified their holdings of AUDC. Cubist Systematic Strategies LLC grew its stake in shares of AudioCodes by 56.0% in the first quarter. Cubist Systematic Strategies LLC now owns 19,646 shares of the communications equipment provider’s stock worth $185,000 after purchasing an additional 7,052 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in AudioCodes in the first quarter valued at $412,000. Jane Street Group LLC raised its position in AudioCodes by 14.2% during the 1st quarter. Jane Street Group LLC now owns 47,624 shares of the communications equipment provider’s stock worth $449,000 after purchasing an additional 5,938 shares during the last quarter. JPMorgan Chase & Co. raised its position in AudioCodes by 38.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 39,306 shares of the communications equipment provider’s stock worth $386,000 after purchasing an additional 10,877 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in AudioCodes by 12.3% during the 2nd quarter. Marshall Wace LLP now owns 179,371 shares of the communications equipment provider’s stock worth $1,761,000 after buying an additional 19,629 shares during the period. Institutional investors and hedge funds 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.