Insider Selling: AudioCodes (NASDAQ:AUDC) Director Sells $60,180.00 in Stock

AudioCodes Ltd. (NASDAQ:AUDC) Director Zehava Simon sold 6,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $10.03, for a total value of $60,180.00. Following the completion of the sale, the director directly owned 27,000 shares of the company’s stock, valued at approximately $270,810. This trade represents a 18.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Zehava Simon also recently made the following trade(s):

• On Tuesday, September 1st, Zehava Simon sold 27,000 shares of AudioCodes stock. The shares were sold at an average price of $9.91, for a total transaction of $267,570.00.

AudioCodes Trading Up 1.6%

AUDC stock opened at $10.15 on Friday. The company’s 50-day moving average price is $9.83 and its 200 day moving average price is $9.08. AudioCodes Ltd. has a 52 week low of $6.95 and a 52 week high of $10.86. The company has a market cap of $245.12 million, a P/E ratio of 39.04 and a beta of 0.98.

AudioCodes (NASDAQ:AUDC) last issued its earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 earnings per share (EPS) 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 net margin of 2.83% and a return on equity of 6.79%. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.

AudioCodes Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a yield of 413.0%. AudioCodes’s payout ratio is currently 153.85%.

Analyst Ratings Changes

AUDC has been the topic of several research reports. Wall Street Zen raised AudioCodes from a “buy” rating to a “strong-buy” rating in a 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, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in AudioCodes during the 2nd quarter valued at $43,000. Barclays PLC raised its holdings in shares of AudioCodes by 3,621.4% in the fourth quarter. Barclays PLC now owns 7,294 shares of the communications equipment provider’s stock worth $64,000 after acquiring an additional 7,098 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of AudioCodes in the second quarter worth $111,000. AXQ Capital LP purchased a new stake in shares of AudioCodes in the second quarter valued at $116,000. Finally, Jump Financial LLC purchased a new stake in shares of AudioCodes in the second quarter valued at $127,000. 68.05% of the stock is currently owned by institutional investors and hedge funds.

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.