Lior Aldema Sells 2,813 Shares of AudioCodes (NASDAQ:AUDC) Stock

AudioCodes Ltd. (NASDAQ:AUDC) EVP Lior Aldema sold 2,813 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $8.71, for a total value of $24,501.23. Following the completion of the transaction, the executive vice president owned 75,940 shares of the company’s stock, valued at $661,437.40. The trade was a 3.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AudioCodes Trading Up 5.2%

Shares of NASDAQ AUDC opened at $9.26 on Friday. The business has a fifty day simple moving average of $8.43 and a 200 day simple moving average of $8.61. The firm has a market capitalization of $250.84 million, a price-to-earnings ratio of 29.87 and a beta of 0.97. AudioCodes Ltd. has a one year low of $6.95 and a one year high of $11.50.

AudioCodes (NASDAQ:AUDC) last issued its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. AudioCodes had a return on equity of 6.46% and a net margin of 3.65%.The business had revenue of $62.61 million during the quarter, compared to analyst estimates of $62.00 million.

AudioCodes Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were given a $0.20 dividend. This represents a yield of 552.0%. The ex-dividend date was Friday, February 20th. AudioCodes’s dividend payout ratio is 129.03%.

Analyst Ratings Changes

Separately, Wall Street Zen cut AudioCodes from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.50.

Institutional Trading of AudioCodes

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

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.