Insider Selling: AudioCodes (NASDAQ:AUDC) CFO Sells $18,731.25 in Stock

AudioCodes Ltd. (NASDAQ:AUDC) CFO Niran Baruch sold 1,875 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $9.99, for a total value of $18,731.25. Following the completion of the sale, the chief financial officer directly owned 99,375 shares of the company’s stock, valued at $992,756.25. The trade was a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 value of $18,656.25.

AudioCodes Stock Up 1.6%

NASDAQ:AUDC opened at $10.27 on Friday. The company has a market capitalization of $248.02 million, a PE ratio of 39.50 and a beta of 0.96. AudioCodes Ltd. has a 52-week low of $6.95 and a 52-week high of $10.86. The stock’s 50 day moving average price is $9.64 and its 200 day moving average price is $8.86.

AudioCodes (NASDAQ:AUDC) last issued its quarterly earnings data on Tuesday, August 4th. The communications equipment provider reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $62.96 million during the quarter, compared to analysts’ expectations of $62.40 million. AudioCodes had a return on equity of 6.79% and a net margin of 2.83%.AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.

AudioCodes Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be given a $0.20 dividend. The ex-dividend date is Wednesday, August 19th. This represents a yield of 398.0%. AudioCodes’s dividend payout ratio is 153.85%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Weiss Ratings upgraded shares of AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 27th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, AudioCodes has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AUDC. NewEdge Advisors LLC lifted its holdings in shares of AudioCodes by 49.5% during the first quarter. NewEdge Advisors LLC now owns 25,607 shares of the communications equipment provider’s stock worth $215,000 after purchasing an additional 8,475 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in AudioCodes by 12.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 740,560 shares of the communications equipment provider’s stock valued at $6,209,000 after buying an additional 82,016 shares during the period. Heartland Advisors Inc. increased its stake in AudioCodes by 15.8% in the 1st quarter. Heartland Advisors Inc. now owns 965,734 shares of the communications equipment provider’s stock valued at $8,122,000 after buying an additional 131,934 shares during the period. Bank of New York Mellon Corp raised its position in AudioCodes by 9.0% during the 1st quarter. Bank of New York Mellon Corp now owns 85,398 shares of the communications equipment provider’s stock worth $718,000 after buying an additional 7,019 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in AudioCodes during the first quarter worth about $1,238,000. Institutional investors and hedge funds 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.