PDT Partners LLC Takes Position in Bandwidth Inc. $BAND

Key Points

• PDT Partners LLC acquired 35,901 shares of Bandwidth Inc. valued at approximately $470,000, increasing their stake to 0.13% as of the latest SEC filing.
• Bandwidth reported a Q2 EPS of $0.38, surpassing the consensus estimate of $0.32, with a quarterly revenue of $180.01 million.
• The stock has seen a 1.9% increase in value, opening at $15.65, and currently holds an average analyst rating of "Moderate Buy" with a target price of $20.80.

PDT Partners LLC bought a new stake in shares of Bandwidth Inc. (NASDAQ:BAND - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 35,901 shares of the company's stock, valued at approximately $470,000. PDT Partners LLC owned approximately 0.13% of Bandwidth at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Bandwidth by 53.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 21,876 shares of the company's stock valued at $287,000 after purchasing an additional 7,661 shares in the last quarter. CWM LLC increased its holdings 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 purchasing an additional 5,712 shares in the last quarter. Two Sigma Investments LP grew its stake in Bandwidth by 8.9% in the 4th quarter. Two Sigma Investments LP now owns 108,338 shares of the company's stock valued at $1,844,000 after acquiring an additional 8,813 shares during the period. Nuveen LLC purchased a new stake in Bandwidth in the 1st quarter worth $7,916,000. Finally, Dimensional Fund Advisors LP increased its holdings in Bandwidth by 9.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,249,120 shares of the company's stock worth $21,260,000 after acquiring an additional 112,269 shares in the last quarter. 68.53% of the stock is owned by hedge funds and other institutional investors.

Bandwidth Price Performance

Shares of Bandwidth stock traded down $0.43 during trading hours on Wednesday, reaching $15.16. 33,295 shares of the company's stock were exchanged, compared to its average volume of 284,200. Bandwidth Inc. has a 1 year low of $11.33 and a 1 year high of $23.00. The company has a market capitalization of $456.94 million, a P/E ratio of -44.56 and a beta of 1.81. The business has a fifty day moving average of $14.90 and a two-hundred day moving average of $14.31. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.64.

Bandwidth (NASDAQ:BAND - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $180.01 million during the quarter, compared to analyst estimates of $178.87 million. During the same quarter in the prior year, the firm earned $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. As a group, research analysts predict that Bandwidth Inc. will post 0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Transactions at Bandwidth

In other news, General Counsel Richard Brandon Asbill sold 1,852 shares of the business's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $15.09, for a total transaction of $27,946.68. Following the transaction, the general counsel owned 51,617 shares of the company's stock, valued at approximately $778,900.53. The trade was a 3.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Daryl Raiford sold 14,143 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $15.47, for a total transaction of $218,792.21. Following the transaction, the chief financial officer directly owned 90,395 shares in the company, valued at approximately $1,398,410.65. The trade was a 13.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,911 shares of company stock valued at $1,010,613 over the last 90 days. 6.20% of the stock is currently owned by corporate insiders.

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.