Palogic Value Management L.P. Grows Stock Position in Bandwidth Inc. $BAND

Key Points

• Palogic Value Management L.P. increased its position in Bandwidth Inc. by 10.0%, now holding 220,000 shares valued at approximately $2.88 million.
• Several institutional investors have significantly raised their stakes, including US Bancorp DE with an increase of 11,281.3%.
• Bandwidth's stock is currently trading at $15.70, with brokerages projecting a moderate buy rating and an average target price of $20.80.

Palogic Value Management L.P. increased its position in shares of Bandwidth Inc. (NASDAQ:BAND - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 220,000 shares of the company's stock after buying an additional 20,000 shares during the quarter. Bandwidth comprises approximately 1.2% of Palogic Value Management L.P.'s portfolio, making the stock its 26th largest position. Palogic Value Management L.P. owned about 0.74% of Bandwidth worth $2,882,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE raised its position in shares of 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 during the period. Harbor Capital Advisors Inc. purchased a new stake in shares of Bandwidth during the 1st quarter valued at approximately $72,000. GAMMA Investing LLC raised its position in shares of 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 during the period. CWM LLC raised its position in shares of 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 during the period. Finally, Meeder Asset Management Inc. raised its position in shares of Bandwidth by 163.0% during the 1st quarter. Meeder Asset Management Inc. now owns 11,169 shares of the company's stock valued at $146,000 after buying an additional 6,923 shares during the period. Hedge funds and other institutional investors own 68.53% of the company's stock.

Bandwidth Stock Up 0.1%

Bandwidth stock opened at $15.70 on Tuesday. Bandwidth Inc. has a twelve month low of $11.33 and a twelve month high of $23.00. The stock's fifty day simple moving average is $14.90 and its 200-day simple moving average is $14.30. 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 firm has a market capitalization of $473.20 million, a P/E ratio of -46.18 and a beta of 1.81.

Bandwidth (NASDAQ:BAND - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.38 earnings per share for the quarter, topping 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 business had revenue of $180.01 million for the quarter, compared to analyst estimates of $178.87 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. The company's 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, equities analysts expect that Bandwidth Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BAND. Needham & Company LLC reissued a "buy" rating and issued a $20.00 target price on shares of Bandwidth in a research report on Friday, June 13th. JMP Securities reissued a "market outperform" rating and issued a $36.00 target price on shares of Bandwidth in a research report on Thursday, May 15th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.80.

Insider Buying and Selling

In related news, General Counsel Richard Brandon Asbill sold 1,852 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $15.09, for a total transaction of $27,946.68. Following the completion of the transaction, the general counsel owned 51,617 shares in the company, valued at approximately $778,900.53. The trade was a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Daryl Raiford sold 2,594 shares of the business's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $15.46, for a total transaction of $40,103.24. Following the transaction, the chief financial officer owned 128,538 shares of the company's stock, valued at approximately $1,987,197.48. The trade was a 1.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,143 shares of company stock worth $393,259 over the last ninety days. Insiders own 6.20% of the company's stock.

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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