Trexquant Investment LP Has $1.57 Million Position in Bandwidth Inc. $BAND

Key Points

• Trexquant Investment LP increased its stake in Bandwidth Inc. by 85.9%, purchasing an additional 55,408 shares to hold a total of 119,946 shares, valued at approximately $1,571,000 at the end of the reporting period.
• Bandwidth saw significant activity from institutional investors, with 68.53% of the stock now held by them, including US Bancorp DE, which increased its stake by over 11,000%.
• Analysts have expressed a generally positive outlook on Bandwidth, with an average rating of "Moderate Buy" and a consensus price target of $20.80.

Trexquant Investment LP increased its holdings in Bandwidth Inc. (NASDAQ:BAND - Free Report) by 85.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 119,946 shares of the company's stock after acquiring an additional 55,408 shares during the quarter. Trexquant Investment LP owned approximately 0.42% of Bandwidth worth $1,571,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in Bandwidth by 10.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,182 shares of the company's stock worth $293,000 after buying an additional 1,658 shares during the period. Northern Trust Corp lifted its position in shares of Bandwidth by 2.9% during the 4th quarter. Northern Trust Corp now owns 232,725 shares of the company's stock valued at $3,961,000 after buying an additional 6,459 shares in the last quarter. Jane Street Group LLC lifted its holdings in Bandwidth by 82.2% during the fourth quarter. Jane Street Group LLC now owns 64,550 shares of the company's stock valued at $1,099,000 after purchasing an additional 29,127 shares in the last quarter. Algert Global LLC grew its position in shares of Bandwidth by 10.4% in the fourth quarter. Algert Global LLC now owns 18,280 shares of the company's stock valued at $311,000 after purchasing an additional 1,720 shares during the period. Finally, Balyasny Asset Management L.P. grew its position in shares of Bandwidth by 113.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 46,066 shares of the company's stock valued at $784,000 after purchasing an additional 24,508 shares during the period. 68.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BAND has been the topic of several analyst reports. JMP Securities reiterated a "market outperform" rating and set a $36.00 price target on shares of Bandwidth in a report on Thursday, May 15th. 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. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.80.

Insider Buying and Selling at Bandwidth

In related news, CFO Daryl Raiford sold 14,143 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $15.47, for a total value of $218,792.21. Following the transaction, the chief financial officer owned 90,395 shares in the company, valued at approximately $1,398,410.65. This represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Devesh Agarwal sold 1,745 shares of the company's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $15.09, for a total transaction of $26,332.05. Following the completion of the sale, the chief operating officer owned 67,263 shares of the company's stock, valued at $1,014,998.67. This represents a 2.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,911 shares of company stock worth $1,010,613. 6.50% of the stock is owned by insiders.

Bandwidth Stock Performance

Shares of BAND stock traded up $0.27 during trading hours on Thursday, reaching $15.45. 42,344 shares of the company's stock were exchanged, compared to its average volume of 284,045. Bandwidth Inc. has a 1 year low of $11.33 and a 1 year high of $23.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.31 and a quick ratio of 1.31. The company's 50 day moving average is $14.88 and its two-hundred day moving average is $14.32. The company has a market cap of $465.66 million, a P/E ratio of -45.46 and a beta of 1.81.

Bandwidth (NASDAQ:BAND - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.06. The firm had revenue of $180.01 million during the quarter, compared to the consensus estimate of $178.87 million. Bandwidth had a negative net margin of 1.32% and a positive return on equity of 1.43%. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 EPS. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate 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.