Tidal Investments LLC Takes $1.45 Million Position in Bandwidth Inc. $BAND

Key Points

• Tidal Investments acquired a new $1.45 million position in Bandwidth during the second quarter, while institutional investors collectively own 68.53% of the company.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $59.83, although recent ratings range from Buy to Hold.
• Bandwidth reported quarterly revenue of $219.9 million, up 22.2% year over year, and EPS of $0.37, slightly exceeding estimates; however, insiders sold $1.15 million worth of shares over the past three months.

Tidal Investments LLC acquired a new position in shares of Bandwidth Inc. (NASDAQ:BAND - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,916 shares of the company's stock, valued at approximately $1,451,000. Tidal Investments LLC owned approximately 0.07% of Bandwidth at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. TD Waterhouse Canada Inc. acquired a new stake in shares of Bandwidth during the second quarter valued at $70,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Bandwidth during the 2nd quarter worth about $94,000. Corient Private Wealth LP purchased a new stake in shares of Bandwidth during the second quarter worth about $238,000. Diversified Trust Co purchased a new stake in shares of Bandwidth during the first quarter worth about $184,000. Finally, IMC Chicago LLC acquired a new position in shares of Bandwidth in the first quarter valued at approximately $218,000. 68.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BAND. Needham & Company LLC reissued a "buy" rating on shares of Bandwidth in a research note on Thursday, August 20th. Weiss Ratings lowered Bandwidth from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, August 27th. Piper Sandler lifted their price objective on Bandwidth from $38.00 to $52.00 and gave the company a "neutral" rating in a research report on Wednesday, August 19th. Citizens Jmp upped their target price on Bandwidth from $70.00 to $86.00 and gave the company a "market outperform" rating in a research note on Monday, July 20th. Finally, Bank of America began coverage on Bandwidth in a research note on Wednesday. They issued a "neutral" rating and a $60.00 price target on the stock. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $59.83.

Bandwidth Stock Up 3.2%

Shares of NASDAQ BAND opened at $50.51 on Friday. Bandwidth Inc. has a 52-week low of $12.50 and a 52-week high of $79.08. The firm has a fifty day moving average of $53.06 and a 200-day moving average of $44.32. The stock has a market capitalization of $1.63 billion, a PE ratio of -174.17 and a beta of 3.03. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.87.

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

Insider Activity at Bandwidth

In other news, COO Devesh Agarwal sold 4,869 shares of the business's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $49.15, for a total transaction of $239,311.35. Following the completion of the sale, the chief operating officer owned 79,138 shares in the company, valued at approximately $3,889,632.70. The trade was a 5.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daryl E. Raiford sold 4,673 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $49.15, for a total transaction of $229,677.95. Following the sale, the chief financial officer directly owned 35,832 shares of the company's stock, valued at approximately $1,761,142.80. This trade represents a 11.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,550 shares of company stock valued at $1,154,782 over the last three months. Insiders own 5.26% of the company's stock.

About Bandwidth

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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