Insider Selling: AudioCodes (NASDAQ:AUDC) CFO Sells $18,656.25 in Stock

AudioCodes Ltd. (NASDAQ:AUDC) CFO Niran Baruch sold 1,875 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $9.95, for a total transaction of $18,656.25. Following the completion of the transaction, the chief financial officer owned 101,250 shares of the company’s stock, valued at $1,007,437.50. This trade represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AudioCodes Price Performance

Shares of NASDAQ:AUDC opened at $9.94 on Monday. AudioCodes Ltd. has a 12 month low of $6.95 and a 12 month high of $10.86. The stock has a market cap of $240.05 million, a price-to-earnings ratio of 38.23 and a beta of 0.96. The stock’s 50 day moving average price is $9.65 and its 200 day moving average price is $8.81.

AudioCodes (NASDAQ:AUDC) last released its earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $62.96 million during the quarter, compared to the consensus estimate 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 company also recently disclosed a dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, August 19th. This represents a dividend yield of 398.0%. AudioCodes’s dividend payout ratio is 153.85%.

Institutional Investors Weigh In On AudioCodes

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of AudioCodes during the second quarter valued at $43,000. Barclays PLC raised its holdings in AudioCodes by 3,621.4% during the 4th quarter. Barclays PLC now owns 7,294 shares of the communications equipment provider’s stock worth $64,000 after buying an additional 7,098 shares during the period. Jump Financial LLC acquired a new stake in AudioCodes during the 2nd quarter worth about $127,000. NewEdge Advisors LLC purchased a new stake in AudioCodes during the fourth quarter valued at about $150,000. Finally, SIH Partners LLLP acquired a new position in shares of AudioCodes in the third quarter worth about $170,000. 68.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on AUDC. Wall Street Zen upgraded shares of AudioCodes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 27th. Weiss Ratings upgraded shares of AudioCodes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 4th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company 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.