CX Institutional Purchases Shares of 15,184 Bandwidth Inc. $BAND

Key Points

• CX Institutional purchased 15,184 shares of Bandwidth Inc. during Q2, valued at approximately $241,000, bringing its ownership stake to 0.05%.
• Analysts have generally rated Bandwidth as a "Moderate Buy", with a consensus target price of $20.80, indicating positive sentiment despite recent stock performance.
• Bandwidth's stock experienced a 2.5% decline in value as it opened at $17.52, with a market cap of $528.05 million and a notable earnings per share of $0.38 for the last quarter.

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

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BAND. Nuveen LLC bought a new position in Bandwidth in the 1st quarter worth approximately $7,916,000. AQR Capital Management LLC boosted its position in Bandwidth by 303.1% during the 1st quarter. AQR Capital Management LLC now owns 393,907 shares of the company's stock worth $5,160,000 after acquiring an additional 296,199 shares during the period. Millennium Management LLC raised its stake in shares of Bandwidth by 213.5% during the fourth quarter. Millennium Management LLC now owns 136,442 shares of the company's stock valued at $2,322,000 after purchasing an additional 92,915 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Bandwidth by 16.6% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 611,880 shares of the company's stock valued at $8,016,000 after purchasing an additional 87,294 shares in the last quarter. Finally, Trexquant Investment LP raised its stake in shares of Bandwidth by 85.9% during the first quarter. Trexquant Investment LP now owns 119,946 shares of the company's stock valued at $1,571,000 after purchasing an additional 55,408 shares in the last quarter. 68.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wedbush reissued an "outperform" rating on shares of Bandwidth in a research note on Wednesday, September 17th. Wall Street Zen upgraded shares of Bandwidth from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Needham & Company LLC restated a "buy" rating and issued a $20.00 target price on shares of Bandwidth in a research report on Friday, June 13th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Bandwidth presently has a consensus rating of "Moderate Buy" and an average price target of $20.80.

Insider Buying and Selling at Bandwidth

In other Bandwidth news, insider Devin M. Krupka sold 7,166 shares of the company'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 represents a 27.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Devesh Agarwal sold 1,745 shares of the company's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $15.09, for a total value of $26,332.05. Following the completion of the transaction, the chief operating officer directly owned 67,263 shares in the company, valued at approximately $1,014,998.67. The trade was a 2.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,077 shares of company stock valued at $1,139,601 in the last quarter. Company insiders own 6.20% of the company's stock.

Bandwidth Stock Down 2.5%

Shares of Bandwidth stock opened at $17.52 on Wednesday. The stock has a 50-day moving average price of $15.14 and a 200 day moving average price of $14.40. The company has a market cap of $528.05 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. Bandwidth Inc. has a 1 year low of $11.33 and a 1 year high of $23.00.

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 company 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 earned $0.29 EPS. The firm's quarterly revenue was up 3.4% on a year-over-year basis. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts expect that Bandwidth Inc. will post 0.22 EPS for the current fiscal 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.

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