1492 Capital Management LLC acquired a new position in shares of RADCOM Ltd. (NASDAQ:RDCM) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 26,080 shares of the technology company’s stock, valued at approximately $518,000.
A number of other institutional investors also recently bought and sold shares of RDCM. Granite Investment Partners LLC acquired a new stake in RADCOM during the 3rd quarter worth approximately $548,000. Pinnacle Associates Ltd. acquired a new stake in RADCOM during the 3rd quarter worth approximately $316,000. Taylor Frigon Capital Management LLC acquired a new stake in RADCOM during the 4th quarter worth approximately $1,820,000. Malaga Cove Capital LLC lifted its position in RADCOM by 112.4% during the 4th quarter. Malaga Cove Capital LLC now owns 26,544 shares of the technology company’s stock worth $527,000 after acquiring an additional 14,044 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in RADCOM during the 4th quarter worth approximately $803,000. 24.77% of the stock is owned by institutional investors.
Shares of RADCOM Ltd. (RDCM) opened at $20.00 on Tuesday. The company has a market capitalization of $262.59, a P/E ratio of 90.91 and a beta of 0.41. RADCOM Ltd. has a 1-year low of $17.00 and a 1-year high of $22.45.
RDCM has been the subject of a number of recent research reports. William Blair reaffirmed a “buy” rating on shares of RADCOM in a research report on Tuesday, February 13th. BidaskClub cut RADCOM from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. TheStreet raised RADCOM from a “c” rating to a “b-” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research cut RADCOM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. RADCOM has an average rating of “Hold” and a consensus target price of $25.00.
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RADCOM Ltd. (RADCOM) provides service assurance and customer experience management solutions for communication service providers (CSPs). The Company provides solutions for networks, including long-term evolution (LTE), LTE Advanced (LTE-A), voice over LTE (VoLTE), Internet protocol multimedia subsystem (IMS), Voice over Internet protocol (VoIP), universal mobile telecommunications system (UMTS) or global system for mobile communications (GSM) and mobile broadband.
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