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 that occurred on Thursday, August 6th. The shares were sold at an average price of $9.95, for a total value of $18,656.25. Following the transaction, the chief financial officer directly owned 101,250 shares of the company’s stock, valued at approximately $1,007,437.50. This trade represents a 1.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AudioCodes Trading Up 0.4%

Shares of NASDAQ:AUDC opened at $9.94 on Friday. The stock has a fifty day simple moving average of $9.65 and a two-hundred day simple moving average of $8.81. AudioCodes Ltd. has a 12-month low of $6.95 and a 12-month high of $10.86. The stock has a market capitalization of $240.05 million, a price-to-earnings ratio of 38.23 and a beta of 0.96.

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

AudioCodes Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of AudioCodes in the second quarter worth $43,000. Jane Street Group LLC boosted its position in shares of AudioCodes by 14.2% during the first quarter. Jane Street Group LLC now owns 47,624 shares of the communications equipment provider’s stock valued at $449,000 after buying an additional 5,938 shares during the last quarter. Engineers Gate Manager LP increased its holdings in AudioCodes by 29.4% in the 4th 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 in the last quarter. Jump Financial LLC increased its holdings in AudioCodes by 24.0% in the 4th 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its position in AudioCodes by 9.0% in 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. Hedge funds and other institutional investors own 68.05% of the company’s stock.

Analyst Ratings Changes

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

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.