Dimensional Fund Advisors LP Has $21.26 Million Stock Holdings in Bandwidth Inc. (NASDAQ:BAND)

Dimensional Fund Advisors LP raised its holdings in Bandwidth Inc. (NASDAQ:BAND - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,249,120 shares of the company's stock after purchasing an additional 112,269 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.54% of Bandwidth worth $21,260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Barclays PLC lifted its position in Bandwidth by 9.1% during the 3rd quarter. Barclays PLC now owns 224,497 shares of the company's stock worth $3,931,000 after buying an additional 18,778 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Bandwidth by 40.9% during the third quarter. Franklin Resources Inc. now owns 77,481 shares of the company's stock worth $1,325,000 after purchasing an additional 22,505 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Bandwidth by 14.5% during the fourth quarter. SG Americas Securities LLC now owns 11,102 shares of the company's stock valued at $189,000 after purchasing an additional 1,407 shares during the last quarter. Parcion Private Wealth LLC increased its holdings in shares of Bandwidth by 1.7% in the fourth quarter. Parcion Private Wealth LLC now owns 232,137 shares of the company's stock valued at $3,951,000 after purchasing an additional 3,927 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Bandwidth by 2.2% during the 4th quarter. Bank of New York Mellon Corp now owns 83,175 shares of the company's stock worth $1,416,000 after buying an additional 1,811 shares in the last quarter. Institutional investors and hedge funds own 68.53% of the company's stock.

Bandwidth Trading Up 1.3 %

Shares of NASDAQ BAND traded up $0.18 during midday trading on Friday, reaching $14.04. 313,419 shares of the stock were exchanged, compared to its average volume of 286,881. Bandwidth Inc. has a 12 month low of $11.33 and a 12 month high of $23.90. The company has a market capitalization of $401.88 million, a price-to-earnings ratio of -24.63 and a beta of 1.88. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.34 and a quick ratio of 1.34. The business has a 50-day simple moving average of $13.36 and a two-hundred day simple moving average of $16.51.

Bandwidth (NASDAQ:BAND - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.07. The firm had revenue of $174.24 million for the quarter, compared to analyst estimates of $168.96 million. Bandwidth had a negative net margin of 0.87% and a positive return on equity of 0.53%. The business's revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. As a group, equities research analysts expect that Bandwidth Inc. will post 0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BAND. Needham & Company LLC assumed coverage on Bandwidth in a research note on Wednesday. They set a "buy" rating and a $20.00 price target on the stock. Morgan Stanley lowered their price target on shares of Bandwidth from $18.00 to $11.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Robert W. Baird cut their price objective on shares of Bandwidth from $20.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday. Barclays lowered their target price on shares of Bandwidth from $25.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, February 21st. Finally, William Blair reissued an "outperform" rating on shares of Bandwidth in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.80.

Insider Activity at Bandwidth

In other Bandwidth news, General Counsel Richard Brandon Asbill sold 9,878 shares of Bandwidth stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $15.24, for a total value of $150,540.72. Following the sale, the general counsel now directly owns 42,475 shares in the company, valued at approximately $647,319. The trade was a 18.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Devin M. Krupka sold 3,770 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.70, for a total value of $59,189.00. Following the completion of the transaction, the insider now owns 19,188 shares of the company's stock, valued at $301,251.60. The trade was a 16.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,721 shares of company stock valued at $992,965. 6.50% of the stock is owned by insiders.

About Bandwidth

Bandwidth is a leading enterprise cloud communications company. Companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth's APIs to easily embed voice, messaging, and emergency services into software and applications. Bandwidth is the first and only CPaaS provider offering a robust selection of communications APIs built around their own IP voice network.