SCHEDULE: Senvest Management Discloses 3.8% Stake in AudioCodes

Senvest Management, LLC and Richard Mashaal reported a 3.8% passive beneficial ownership stake in AudioCodes Ltd., holding 1,066,772 ordinary shares as of December 31, 2025.

Summary

• Senvest Management, LLC and Richard Mashaal collectively hold 1,066,772 ordinary shares of AudioCodes Ltd.
• This represents a 3.8% beneficial ownership stake in the company.
• The shares are held through Investment Vehicles: Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP.
• Senvest Management, LLC acts as the investment manager, and Richard Mashaal is the managing member of Senvest Management, LLC.
• The filing is an Amendment No. 3 to a Schedule 13G, indicating an update to previous ownership disclosures.
• The percentage is calculated based on 28,368,245 ordinary shares outstanding as of July 31, 2025.
• The reporting persons certify that the securities were not acquired or held for the purpose of changing or influencing control of the issuer, except for activities related to director nominations.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive disclosure, as it confirms continued institutional interest from Senvest Management in AudioCodes, albeit below the 5% threshold that would trigger a new initial filing. The passive nature and the 'Amendment No. 3' suggest a stable, ongoing investment.

Positives

• A notable investment firm, Senvest Management, LLC, maintains a significant, albeit passive, stake in AudioCodes Ltd., potentially signaling confidence in the company's long-term prospects.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• The securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

StockSavvy.ai notes that a Schedule 13G filing indicates a passive investment stake, common among institutional investors who hold shares for investment purposes without intending to influence or control the company's management or policies. AudioCodes operates in the communications and voice networking solutions sector, where institutional interest often reflects confidence in technological innovation or market position.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a passive investment approach.
• Management: Awareness of a notable institutional investor holding a substantial, though non-controlling, position.

Key Dates

Recommendation

This Schedule 13G Amendment No. 3 filing indicates a passive ownership stake by Senvest Management, LLC and Richard Mashaal in AudioCodes Ltd. at 3.8%. While it confirms continued institutional interest, it does not provide new financial or operational information about AudioCodes that would warrant a change in investment thesis. The filing explicitly states the shares are not held for control purposes, suggesting a long-term, passive investment. Therefore, a "hold" recommendation is appropriate as this filing alone does not present a compelling reason to buy or sell, but rather confirms existing institutional presence.

Keywords

AudioCodes Ltd, Senvest Management, Richard Mashaal, Schedule 13G, Beneficial Ownership, Ordinary Shares, Investment Management, Passive Investment, M15342104