Palogic Value Management L.P. Increases Stake in Bandwidth Inc. $BAND

Key Points

• Palogic Value Management L.P. increased its stake in Bandwidth Inc. by 10.0%, holding 220,000 shares, which represents approximately 1.2% of its portfolio.
• Wall Street analysts have given Bandwidth a consensus rating of "Moderate Buy" and set a target price averaging $20.80 per share.
• Bandwidth reported quarterly earnings of $0.38 per share, exceeding expectations, with a revenue of $180.01 million for the period.

Palogic Value Management L.P. boosted its position in shares of Bandwidth Inc. (NASDAQ:BAND - Free Report) by 10.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 220,000 shares of the company's stock after purchasing an additional 20,000 shares during the quarter. Bandwidth comprises about 1.2% of Palogic Value Management L.P.'s holdings, making the stock its 27th biggest holding. Palogic Value Management L.P. owned 0.77% of Bandwidth worth $2,882,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. purchased a new position in shares of Bandwidth in the first quarter worth approximately $72,000. US Bancorp DE grew its holdings in Bandwidth by 11,281.3% during the 1st quarter. US Bancorp DE now owns 5,463 shares of the company's stock valued at $72,000 after buying an additional 5,415 shares in the last quarter. GAMMA Investing LLC grew its holdings in Bandwidth by 16,036.6% during the 1st quarter. GAMMA Investing LLC now owns 6,616 shares of the company's stock valued at $87,000 after buying an additional 6,575 shares in the last quarter. CWM LLC grew its holdings in Bandwidth by 326.8% during the 1st quarter. CWM LLC now owns 7,460 shares of the company's stock valued at $98,000 after buying an additional 5,712 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of Bandwidth by 163.0% in the first quarter. Meeder Asset Management Inc. now owns 11,169 shares of the company's stock valued at $146,000 after purchasing an additional 6,923 shares in the last quarter. Hedge funds and other institutional investors own 68.53% of the company's stock.

Insider Buying and Selling

In other Bandwidth news, COO Devesh Agarwal sold 1,745 shares of the company's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $15.09, for a total value of $26,332.05. Following the sale, the chief operating officer owned 67,263 shares in the company, valued at approximately $1,014,998.67. This represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Daryl Raiford sold 3,488 shares of the company's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $15.09, for a total value of $52,633.92. Following the completion of the sale, the chief financial officer owned 126,796 shares in the company, valued at approximately $1,913,351.64. This represents a 2.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,217 shares of company stock worth $514,685. 6.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BAND has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $20.00 target price on shares of Bandwidth in a report on Friday, June 13th. Robert W. Baird dropped their price objective on shares of Bandwidth from $20.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, JMP Securities reiterated a "market outperform" rating and set a $36.00 target price on shares of Bandwidth in a research report on Thursday, May 15th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.80.

Bandwidth Stock Up 0.6%

Shares of BAND stock traded up $0.10 during mid-day trading on Thursday, hitting $15.46. 122,289 shares of the stock traded hands, compared to its average volume of 285,143. The stock has a market cap of $465.81 million, a P/E ratio of -45.60 and a beta of 1.81. The stock's fifty day moving average is $14.88 and its two-hundred day moving average is $14.40. Bandwidth Inc. has a 52-week low of $11.33 and a 52-week high of $23.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.31 and a quick ratio of 1.31.

Bandwidth (NASDAQ:BAND - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. Bandwidth had a negative net margin of 1.32% and a positive return on equity of 1.43%. The firm had revenue of $180.01 million for the quarter, compared to the consensus estimate of $178.87 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts predict that Bandwidth Inc. will post 0.22 EPS for the current year.

Bandwidth Company Profile

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.