Niran Baruch Sells 1,875 Shares of AudioCodes (NASDAQ:AUDC) Stock

AudioCodes Ltd. (NASDAQ:AUDC) CFO Niran Baruch sold 1,875 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $9.99, for a total transaction of $18,731.25. Following the transaction, the chief financial officer directly owned 99,375 shares in the company, valued at approximately $992,756.25. The trade was a 1.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Niran Baruch also recently made the following trade(s):

• On Thursday, August 6th, Niran Baruch sold 1,875 shares of AudioCodes stock. The stock was sold at an average price of $9.95, for a total value of $18,656.25.

AudioCodes Stock Up 1.6%

Shares of AUDC stock opened at $10.11 on Thursday. The stock has a market cap of $244.16 million, a price-to-earnings ratio of 38.89 and a beta of 0.96. The business’s fifty day moving average is $9.64 and its 200 day moving average is $8.85. AudioCodes Ltd. has a twelve month low of $6.95 and a twelve month high of $10.86.

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

AudioCodes Announces Dividend

The firm also recently declared 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 is Wednesday, August 19th. This represents a dividend yield of 398.0%. AudioCodes’s payout ratio is currently 153.85%.

Institutional Investors Weigh In On AudioCodes

A number of institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its holdings in AudioCodes by 49.5% during the first quarter. NewEdge Advisors LLC now owns 25,607 shares of the communications equipment provider’s stock valued at $215,000 after acquiring an additional 8,475 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of AudioCodes by 12.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 740,560 shares of the communications equipment provider’s stock worth $6,209,000 after acquiring an additional 82,016 shares during the period. Heartland Advisors Inc. boosted its stake in shares of AudioCodes by 15.8% in the first quarter. Heartland Advisors Inc. now owns 965,734 shares of the communications equipment provider’s stock worth $8,122,000 after acquiring an additional 131,934 shares during the period. Bank of New York Mellon Corp grew its position in shares of AudioCodes by 9.0% during the first quarter. Bank of New York Mellon Corp now owns 85,398 shares of the communications equipment provider’s stock worth $718,000 after purchasing an additional 7,019 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of AudioCodes during the first quarter worth about $1,238,000. Hedge funds and other institutional investors own 68.05% of the company’s stock.

Analyst Upgrades and Downgrades

AUDC has been the subject of several research reports. 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 upgraded shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 27th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company 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.