Insider Selling: AudioCodes (NASDAQ:AUDC) EVP Sells 2,812 Shares of Stock

AudioCodes Ltd. (NASDAQ:AUDC) EVP Lior Aldema sold 2,812 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $9.86, for a total transaction of $27,726.32. Following the completion of the sale, the executive vice president owned 109,689 shares in the company, valued at $1,081,533.54. This represents a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AudioCodes Stock Up 0.2%

Shares of AudioCodes stock opened at $9.90 on Friday. The company has a market cap of $251.96 million, a P/E ratio of 38.08 and a beta of 0.96. The firm’s 50 day moving average price is $9.65 and its 200-day moving average price is $8.80. AudioCodes Ltd. has a 52-week low of $6.95 and a 52-week high of $10.86.

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

AudioCodes Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have commented on AUDC shares. Wall Street Zen upgraded 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 report on Tuesday. Two analysts have rated the stock with a Hold rating, According to MarketBeat, AudioCodes has a consensus rating of “Hold”.

Institutional Investors Weigh In On AudioCodes

A number of large investors have recently made changes to their positions in the stock. Heartland Advisors Inc. boosted its position in 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 buying an additional 131,934 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in AudioCodes during the 1st quarter worth approximately $1,238,000. Arrowstreet Capital Limited Partnership raised its position in AudioCodes by 12.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 740,560 shares of the communications equipment provider’s stock worth $6,209,000 after buying an additional 82,016 shares during the last quarter. Bank of New York Mellon Corp lifted its stake 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 valued at $718,000 after acquiring an additional 7,019 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in AudioCodes during the 2nd quarter valued at approximately $43,000. 68.05% of the stock is owned by hedge funds and other institutional investors.

About AudioCodes

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.