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

AudioCodes Ltd. (NASDAQ:AUDC) CFO Niran Baruch sold 1,875 shares of the firm’s stock in a transaction dated 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 position. The transaction was disclosed in a document filed with the SEC, which is available through 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 transaction of $18,656.25.

AudioCodes Trading Up 0.6%

Shares of NASDAQ:AUDC opened at $10.00 on Tuesday. The company has a 50 day moving average of $9.64 and a 200-day moving average of $8.82. The firm 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 posted its quarterly earnings data on Tuesday, August 4th. The communications equipment provider reported $0.15 EPS 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 for the quarter, compared to analyst estimates of $62.40 million. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.

AudioCodes Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, August 19th. This represents a dividend yield of 398.0%. AudioCodes’s dividend payout ratio (DPR) is 153.85%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Weiss Ratings upgraded 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, AudioCodes currently has an average rating of “Hold”.

Institutional Investors Weigh In On AudioCodes

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in AudioCodes during the 2nd quarter worth approximately $43,000. Jane Street Group LLC lifted its holdings in shares of AudioCodes by 14.2% in the first quarter. Jane Street Group LLC now owns 47,624 shares of the communications equipment provider’s stock valued at $449,000 after purchasing an additional 5,938 shares in the last quarter. Engineers Gate Manager LP boosted its position in shares of AudioCodes by 29.4% in the fourth quarter. Engineers Gate Manager LP now owns 26,871 shares of the communications equipment provider’s stock worth $235,000 after buying an additional 6,098 shares during the period. Jump Financial LLC boosted its position in shares of AudioCodes by 24.0% in the fourth quarter. Jump Financial LLC now owns 34,955 shares of the communications equipment provider’s stock worth $305,000 after buying an additional 6,755 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings 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 valued at $718,000 after buying an additional 7,019 shares in the last quarter. 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.