Insider Selling: AudioCodes (NASDAQ:AUDC) Director Sells $267,570.00 in Stock

AudioCodes Ltd. (NASDAQ:AUDC) Director Zehava Simon sold 27,000 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $9.91, for a total value of $267,570.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

AudioCodes Stock Performance

Shares of NASDAQ:AUDC opened at $9.99 on Wednesday. AudioCodes Ltd. has a fifty-two week low of $6.95 and a fifty-two week high of $10.86. The business has a 50-day simple moving average of $9.78 and a two-hundred day simple moving average of $9.03. The firm has a market cap of $241.26 million, a price-to-earnings ratio of 38.42 and a beta of 0.98.

AudioCodes (NASDAQ:AUDC) last announced 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 net margin of 2.83% and a return on equity of 6.79%. The firm 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 business also recently announced a dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Wednesday, August 19th will be given a $0.20 dividend. This represents a yield of 413.0%. The ex-dividend date of this dividend is Wednesday, August 19th. AudioCodes’s payout ratio is 153.85%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AUDC shares. Weiss Ratings raised AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Wall Street Zen upgraded AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 27th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of AudioCodes in the 2nd quarter worth $43,000. Barclays PLC raised its stake 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 worth $64,000 after buying an additional 7,098 shares during the period. Headlands Technologies LLC bought a new position in shares of AudioCodes in the second quarter worth about $111,000. AXQ Capital LP purchased a new position in shares of AudioCodes during the 2nd quarter valued at about $116,000. Finally, Jump Financial LLC purchased a new position in shares of AudioCodes during the 2nd quarter valued at about $127,000. Hedge funds and other institutional investors own 68.05% of the company’s stock.

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.