102,000 Shares in Radcom Ltd. $RDCM Purchased by Nano Cap New Millennium Growth Fund L P

Nano Cap New Millennium Growth Fund L P bought a new position in shares of Radcom Ltd. (NASDAQ:RDCM) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 102,000 shares of the technology company’s stock, valued at approximately $1,334,000. Radcom makes up approximately 1.1% of Nano Cap New Millennium Growth Fund L P’s portfolio, making the stock its 24th largest position. Nano Cap New Millennium Growth Fund L P owned about 0.62% of Radcom at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Boothbay Fund Management LLC acquired a new position in shares of Radcom in the third quarter worth $211,000. Private Advisor Group LLC acquired a new position in shares of Radcom in the third quarter worth $4,058,000. Marshall Wace LLP grew its stake in shares of Radcom by 20.5% in the second quarter. Marshall Wace LLP now owns 110,127 shares of the technology company’s stock worth $1,497,000 after acquiring an additional 18,708 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Radcom by 1.5% in the third quarter. Russell Investments Group Ltd. now owns 101,990 shares of the technology company’s stock worth $1,477,000 after acquiring an additional 1,542 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Radcom by 91.8% in the third quarter. Two Sigma Investments LP now owns 79,203 shares of the technology company’s stock worth $1,148,000 after acquiring an additional 37,898 shares in the last quarter. Institutional investors and hedge funds own 48.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of Radcom in a research note on Wednesday, February 11th. Wall Street Zen downgraded Radcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Radcom presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Radcom Trading Up 1.9%

RDCM stock opened at $14.72 on Friday. Radcom Ltd. has a twelve month low of $10.41 and a twelve month high of $16.74. The company’s 50 day moving average is $13.34 and its two-hundred day moving average is $12.87. The stock has a market cap of $246.41 million, a P/E ratio of 19.63 and a beta of 0.75.

Radcom (NASDAQ:RDCM) last posted its earnings results on Tuesday, May 19th. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Radcom had a return on equity of 11.68% and a net margin of 17.18%.The business had revenue of $18.59 million during the quarter, compared to the consensus estimate of $18.61 million. On average, equities research analysts predict that Radcom Ltd. will post 0.84 earnings per share for the current year.

Radcom Profile

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.