Squarepoint Ops LLC Trims Holdings in Bandwidth Inc. $BAND

Key Points

• Squarepoint Ops cut its Bandwidth stake by 62.8% in the second quarter, while other institutional investors—including Wellington Management and Arrowstreet Capital—substantially increased their holdings. Institutions collectively own 68.53% of BAND.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $59.83. Recent targets range from $52 to $86.
• Bandwidth exceeded quarterly expectations, reporting $0.37 in adjusted earnings per share and $219.9 million in revenue, up 22.2% year over year. However, insiders have sold 23,550 shares worth approximately $1.15 million over the past three months.

Squarepoint Ops LLC decreased its position in shares of Bandwidth Inc. (NASDAQ:BAND - Free Report) by 62.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,861 shares of the company's stock after selling 28,405 shares during the quarter. Squarepoint Ops LLC owned 0.05% of Bandwidth worth $1,067,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BAND. Wellington Management Group LLP lifted its stake in Bandwidth by 138.9% during the 2nd quarter. Wellington Management Group LLP now owns 911,893 shares of the company's stock valued at $57,723,000 after acquiring an additional 530,182 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Bandwidth by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,551,508 shares of the company's stock worth $27,647,000 after purchasing an additional 91,812 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Bandwidth by 299.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company's stock worth $12,268,000 after purchasing an additional 516,117 shares during the last quarter. Renaissance Technologies LLC lifted its position in Bandwidth by 4.2% during the first quarter. Renaissance Technologies LLC now owns 644,981 shares of the company's stock valued at $11,494,000 after purchasing an additional 26,081 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Bandwidth by 51.1% during the first quarter. Assenagon Asset Management S.A. now owns 491,873 shares of the company's stock valued at $8,765,000 after purchasing an additional 166,423 shares during the period. Hedge funds and other institutional investors own 68.53% of the company's stock.

Analysts Set New Price Targets

BAND has been the topic of several analyst reports. Wall Street Zen downgraded Bandwidth from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 28th. Piper Sandler upped their target price on Bandwidth from $38.00 to $52.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 19th. Citizens Jmp raised their target price on Bandwidth from $70.00 to $86.00 and gave the stock a "market outperform" rating in a report on Monday, July 20th. Needham & Company LLC reiterated a "buy" rating on shares of Bandwidth in a research report on Thursday, August 20th. Finally, B. Riley Financial boosted their price target on Bandwidth from $55.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $59.83.

Bandwidth Trading Up 3.2%

Shares of Bandwidth stock opened at $50.51 on Friday. The firm has a 50-day simple moving average of $53.06 and a two-hundred day simple moving average of $44.32. 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 fifty-two week low of $12.50 and a fifty-two week high of $79.08. The company has a market cap of $1.63 billion, a P/E ratio of -174.17 and a beta of 3.03.

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

Insiders Place Their Bets

In related news, insider Kade Ross sold 1,616 shares of Bandwidth stock in a transaction 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 sale, the insider owned 48,071 shares of the company's stock, valued at approximately $2,362,689.65. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rebecca Bottorff sold 2,713 shares of the business's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.15, for a total transaction of $133,343.95. Following the completion of the sale, the insider directly owned 10,704 shares of the company's stock, valued at approximately $526,101.60. The trade was a 20.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 23,550 shares of company stock valued at $1,154,782. 5.26% of the stock is owned by insiders.

Bandwidth Profile

Bandwidth Inc is a cloud communications company that provides application programming interfaces (APIs) and communications services for businesses, software developers and service providers. Its platform enables organizations to integrate voice calling, text messaging and other communications capabilities into applications, websites and business workflows.

The company's offerings include voice and messaging APIs, toll-free and local telephone numbers, emergency communications and 911 access, authentication and related communications tools.

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