Key Points
- AudioCodes CEO Shabtai Adlersberg bought 10,000 shares at an average price of $8.38, spending $83,800. After the purchase, he directly owned about 4.98 million shares.
- Adlersberg also made several other stock purchases in early November, buying a total of 22,939 additional shares across the transactions listed in the article.
- AudioCodes reported quarterly EPS of $0.16, matching analyst estimates, while revenue of $64.14 million exceeded expectations of $63.40 million. The stock’s consensus analyst rating was Hold.
AudioCodes Ltd. (NASDAQ:AUDC - Get Free Report) CEO Shabtai Adlersberg acquired 10,000 shares of the company's stock in a transaction that occurred on Monday, November 9th. The shares were acquired at an average cost of $8.38 per share, for a total transaction of $83,800.00. Following the purchase, the chief executive officer directly owned 4,978,192 shares in the company, valued at $41,717,248.96. This trade represents a 0.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shabtai Adlersberg also recently made the following trade(s):
- On Wednesday, November 11th, Shabtai Adlersberg bought 2,000 shares of AudioCodes stock. The shares were acquired at an average price of $8.67 per share, for a total transaction of $17,340.00.
- On Tuesday, November 10th, Shabtai Adlersberg bought 5,000 shares of AudioCodes stock. The shares were acquired at an average price of $8.46 per share, for a total transaction of $42,300.00.
- On Friday, November 6th, Shabtai Adlersberg bought 5,939 shares of AudioCodes stock. The stock was acquired at an average cost of $7.87 per share, with a total value of $46,739.93.
- On Thursday, November 5th, Shabtai Adlersberg bought 10,000 shares of AudioCodes stock. The stock was acquired at an average cost of $7.94 per share, with a total value of $79,400.00.
AudioCodes Price Performance
Shares of AudioCodes stock opened at $9.10 on Friday. AudioCodes Ltd. has a 1 year low of $6.95 and a 1 year high of $11.74. The business has a 50-day moving average of $10.39 and a two-hundred day moving average of $9.32. The company has a market capitalization of $212.03 million, a P/E ratio of 22.20 and a beta of 0.98.
AudioCodes (NASDAQ:AUDC - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The communications equipment provider reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. AudioCodes had a return on equity of 6.86% and a net margin of 3.16%. The business had revenue of $64.14 million for the quarter, compared to analysts' expectations of $63.40 million.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Wall Street Zen cut AudioCodes from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of AudioCodes in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, AudioCodes currently has a consensus rating of "Hold".
Check Out Our Latest Analysis on AudioCodes
Hedge Funds Weigh In On AudioCodes
A number of large investors have recently bought and sold shares of AUDC. Heartland Advisors Inc. raised its holdings in shares of AudioCodes by 15.8% in the first quarter. Heartland Advisors Inc. now owns 965,734 shares of the communications equipment provider's stock valued at $8,122,000 after purchasing an additional 131,934 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of AudioCodes in the second quarter worth $592,000. Arrowstreet Capital Limited Partnership boosted its holdings in AudioCodes by 12.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 740,560 shares of the communications equipment provider's stock worth $6,209,000 after purchasing an additional 82,016 shares during the last quarter. AXQ Capital LP acquired a new position in AudioCodes during the second quarter worth $116,000. Finally, Headlands Technologies LLC acquired a new position in AudioCodes during the second quarter worth $111,000. Institutional investors and hedge funds own 68.05% of the company's stock.
AudioCodes Company Profile
(
Get Free Report)
AudioCodes Ltd. develops voice networking and communications technology for businesses, service providers and contact centers. Founded in 1993 and headquartered in Or Yehuda, Israel, the company serves customers globally. Its offerings include session border controllers, media gateways, voice applications and IP phones, as well as software and cloud-based services for unified communications and contact centers. AudioCodes' products help organizations connect voice communications across traditional telephone networks, IP networks and cloud platforms.
Further Reading
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