CX Institutional Makes New Investment in Bandwidth Inc. $BAND

Key Points

• CX Institutional has made a new investment in Bandwidth Inc., purchasing 15,184 shares valued at approximately $241,000, representing about 0.05% of the company's stock.
• Institutional investors own 68.53% of Bandwidth's shares, with multiple hedge funds increasing their positions significantly in the last quarter.
• Bandwidth beat analysts' earnings expectations in its latest report, posting $0.38** earnings per share against a consensus estimate of $0.32.

CX Institutional purchased a new position in shares of Bandwidth Inc. (NASDAQ:BAND - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,184 shares of the company's stock, valued at approximately $241,000. CX Institutional owned approximately 0.05% of Bandwidth as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Deutsche Bank AG boosted its holdings in shares of Bandwidth by 61.7% during the fourth quarter. Deutsche Bank AG now owns 20,203 shares of the company's stock worth $344,000 after purchasing an additional 7,707 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Bandwidth by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,185 shares of the company's stock worth $241,000 after purchasing an additional 608 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Bandwidth by 213.5% during the fourth quarter. Millennium Management LLC now owns 136,442 shares of the company's stock worth $2,322,000 after purchasing an additional 92,915 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Bandwidth by 8.9% during the fourth quarter. Two Sigma Investments LP now owns 108,338 shares of the company's stock worth $1,844,000 after purchasing an additional 8,813 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of Bandwidth by 49.8% during the fourth quarter. Squarepoint Ops LLC now owns 44,355 shares of the company's stock worth $755,000 after purchasing an additional 14,754 shares during the last quarter. Hedge funds and other institutional investors own 68.53% of the company's stock.

Bandwidth Price Performance

Shares of Bandwidth stock opened at $17.52 on Friday. Bandwidth Inc. has a twelve month low of $11.33 and a twelve month high of $23.00. The stock has a market capitalization of $528.07 million, a P/E ratio of -51.53 and a beta of 1.81. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.64. The business's fifty day moving average price is $15.24 and its 200 day moving average price is $14.45.

Bandwidth (NASDAQ:BAND - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.06. Bandwidth had a positive return on equity of 1.43% and a negative net margin of 1.32%.The firm had revenue of $180.01 million for the quarter, compared to analysts' expectations of $178.87 million. During the same quarter last year, the firm earned $0.29 earnings per share. The firm'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. As a group, research analysts anticipate that Bandwidth Inc. will post 0.22 earnings per share for the current year.

Insider Buying and Selling

In other Bandwidth news, insider Devin M. Krupka sold 7,166 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $18.00, for a total value of $128,988.00. Following the transaction, the insider directly owned 19,192 shares of the company's stock, valued at $345,456. This trade represents a 27.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Rebecca Bottorff sold 2,257 shares of the firm's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $15.09, for a total value of $34,058.13. Following the completion of the transaction, the insider directly owned 42,706 shares in the company, valued at $644,433.54. This trade represents a 5.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,077 shares of company stock valued at $1,139,601. 6.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Needham & Company LLC restated a "buy" rating and set a $20.00 price objective on shares of Bandwidth in a report on Friday, June 13th. Wedbush restated an "outperform" rating on shares of Bandwidth in a report on Wednesday, September 17th. Finally, Wall Street Zen cut Bandwidth from a "strong-buy" rating to a "buy" rating in a report on Sunday. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Bandwidth presently has an average rating of "Moderate Buy" and a consensus target price of $20.80.

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.

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