Insider Selling: AudioCodes (NASDAQ:AUDC) EVP Sells 2,812 Shares

AudioCodes Ltd. (NASDAQ:AUDC) EVP Lior Aldema sold 2,812 shares of AudioCodes stock in a transaction on Monday, August 10th. The shares were sold at an average price of $9.98, for a total value of $28,063.76. Following the transaction, the executive vice president owned 104,065 shares in the company, valued at $1,038,568.70. This trade represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 stock was sold at an average price of $9.86, for a total value of $27,726.32.

AudioCodes Stock Up 0.6%

AUDC stock opened at $10.00 on Tuesday. The business’s 50-day moving average price is $9.64 and its 200-day moving average price is $8.82. The stock has a market cap of $241.50 million, a P/E ratio of 38.46 and a beta of 0.96. AudioCodes Ltd. has a twelve month low of $6.95 and a twelve month high of $10.86.

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

AudioCodes Announces Dividend

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

Institutional Trading of AudioCodes

Several hedge funds have recently bought and sold shares of AUDC. Raymond James Financial Inc. purchased a new position in AudioCodes during the 2nd quarter valued at approximately $43,000. Barclays PLC grew its stake in shares of AudioCodes by 3,621.4% in the 4th 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 bought a new stake in shares of AudioCodes in the 2nd quarter worth about $127,000. NewEdge Advisors LLC purchased a new stake in shares of AudioCodes during the 4th quarter valued at about $150,000. Finally, SIH Partners LLLP purchased a new stake in shares of AudioCodes during the 3rd quarter valued at about $170,000. Hedge funds and other institutional investors own 68.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. 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 AudioCodes from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 27th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently 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.