Bank of America Corp DE Cuts Position in Bandwidth Inc. $BAND

Key Points

• Bank of America cut its Bandwidth stake by 91.1% in the first quarter, selling 1.34 million shares and retaining 130,599 shares. Institutional investors still own 68.53% of the company.
• Bandwidth’s latest quarterly results modestly beat expectations, with revenue up 22.2% year over year to $219.9 million and EPS of $0.37. Management maintained full-year 2026 EPS guidance of $1.71 to $1.79.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $59.80, though concentrated insider selling—including sales by several executives—could weigh on investor sentiment.

Bank of America Corp DE trimmed its holdings in shares of Bandwidth Inc. (NASDAQ:BAND - Free Report) by 91.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 130,599 shares of the company's stock after selling 1,335,403 shares during the period. Bank of America Corp DE owned 0.41% of Bandwidth worth $2,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC grew its stake in Bandwidth by 9.9% during the 1st quarter. Empowered Funds LLC now owns 154,432 shares of the company's stock worth $2,752,000 after buying an additional 13,961 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Bandwidth by 248.2% in the 1st quarter. Quantinno Capital Management LP now owns 76,836 shares of the company's stock worth $1,369,000 after purchasing an additional 54,771 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Bandwidth by 4.2% during the 1st quarter. Renaissance Technologies LLC now owns 644,981 shares of the company's stock valued at $11,494,000 after acquiring an additional 26,081 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Bandwidth by 299.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company's stock worth $12,268,000 after buying an additional 516,117 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of Bandwidth in the first quarter worth $1,069,000. 68.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Bandwidth

In other news, CFO Daryl E. Raiford sold 4,673 shares of the business's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $229,677.95. Following the transaction, the chief financial officer directly owned 35,832 shares in the company, valued at $1,761,142.80. The trade was a 11.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kade Ross sold 1,616 shares of the firm's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $49.15, for a total value of $79,426.40. Following the completion of the sale, the insider directly owned 48,071 shares of the company's stock, valued at approximately $2,362,689.65. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 52,764 shares of company stock valued at $3,259,067. 5.26% of the stock is owned by company insiders.

Bandwidth News Roundup

Here are the key news stories impacting Bandwidth this week:

• Positive Sentiment: Bandwidth’s latest quarterly results modestly exceeded expectations, with EPS of $0.37 versus the $0.36 consensus and revenue of $219.9 million versus $217.6 million expected. Revenue increased 22.2% year over year, and management’s full-year 2026 EPS guidance remains $1.71 to $1.79. Bandwidth stock and earnings information
• Positive Sentiment: Analyst opinion remains broadly supportive: five analysts rate Bandwidth a Buy and three rate it Hold, producing a “Moderate Buy” consensus and an average price target of $59.80. Recent institutional activity also included several new positions and a substantial increase by Tower Research Capital. Bandwidth analyst and institutional activity
• Neutral Sentiment: Director Lukas Roush sold 1,500 shares for $71,025 on August 27 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and reduced his holding by only 2.5%, it may carry limited signaling value. Bandwidth director stock sale
• Negative Sentiment: Seven Bandwidth executives and insiders sold approximately 22,050 shares worth about $1.02 million on August 31. The sellers included CEO David Morken, CFO Daryl Raiford, COO Devesh Agarwal and the general counsel; several reduced their holdings by double-digit percentages. The unusually concentrated selling may weigh on investor sentiment, even though insider sales do not necessarily indicate deteriorating business prospects. Bandwidth SEC insider filing

Bandwidth Stock Up 4.9%

Shares of NASDAQ:BAND opened at $50.79 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.04 and a current ratio of 2.04. Bandwidth Inc. has a 52 week low of $12.50 and a 52 week high of $79.08. The company has a 50 day moving average price of $56.42 and a two-hundred day moving average price of $41.39. The company has a market capitalization of $1.63 billion, a PE ratio of -175.14 and a beta of 2.96.

Bandwidth (NASDAQ:BAND - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.The business had revenue of $219.90 million during the quarter, compared to analyst estimates of $217.62 million. Bandwidth's quarterly revenue was up 22.2% compared to the same quarter last year. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. Analysts forecast that Bandwidth Inc. will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on BAND shares. Piper Sandler boosted their price target on Bandwidth from $38.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday, August 19th. B. Riley Financial upped their price target on shares of Bandwidth from $55.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, July 9th. Citigroup reiterated a "market outperform" rating on shares of Bandwidth in a research note on Monday, July 20th. Weiss Ratings downgraded shares of Bandwidth from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, August 27th. Finally, Needham & Company LLC restated a "buy" rating on shares of Bandwidth in a research note on Thursday, August 20th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.80.

Bandwidth Profile

Bandwidth Inc operates a cloud-based communications platform that provides voice, messaging and emergency services APIs for enterprises and developers. Through its proprietary network and software-as-a-service model, the company enables customers to integrate programmable voice calls, text messaging and 9-1-1 routing into their applications. Bandwidth's solutions aim to reduce complexity and improve reliability in mission-critical communications, serving industries such as healthcare, financial services, on-demand mobility and customer engagement.

Founded in 1999 in Raleigh, North Carolina by co-founders David Morken and Henry Kaestner, Bandwidth initially focused on voice-over-IP infrastructure before evolving into a full communications API provider.

Want to see what other hedge funds are holding BAND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bandwidth Inc. (NASDAQ:BAND - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source