Vanguard Group Inc. Has $23.39 Million Stock Position in Bandwidth Inc. $BAND

Key Points

• Vanguard Group Inc. increased its holdings in Bandwidth Inc. to approximately $23.39 million, owning 6.24% of the company's shares after acquiring additional stock in Q1.
• Several other institutional investors, including Wells Fargo and Dimensional Fund Advisors, have also raised their stakes in Bandwidth, indicating strong institutional interest in the company.
• Analyst ratings for Bandwidth vary, with a consensus rating of "Moderate Buy" and target prices ranging from $15.00 to $36.00, highlighting differing sentiment among brokerages.

Vanguard Group Inc. increased its position in Bandwidth Inc. (NASDAQ:BAND - Free Report) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,785,698 shares of the company's stock after acquiring an additional 16,671 shares during the period. Vanguard Group Inc. owned approximately 6.24% of Bandwidth worth $23,393,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in shares of Bandwidth by 39.6% in the fourth quarter. Wells Fargo & Company MN now owns 14,092 shares of the company's stock valued at $240,000 after purchasing an additional 3,998 shares during the period. Dimensional Fund Advisors LP increased its position in Bandwidth by 9.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,249,120 shares of the company's stock valued at $21,260,000 after acquiring an additional 112,269 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Bandwidth by 10.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,182 shares of the company's stock worth $293,000 after acquiring an additional 1,658 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Bandwidth during the 4th quarter worth $1,198,000. Finally, Aquatic Capital Management LLC grew its stake in shares of Bandwidth by 723.9% in the fourth quarter. Aquatic Capital Management LLC now owns 12,359 shares of the company's stock worth $210,000 after purchasing an additional 10,859 shares in the last quarter. 68.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Rebecca Bottorff sold 16,935 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $15.14, for a total value of $256,395.90. Following the completion of the sale, the insider directly owned 43,285 shares of the company's stock, valued at approximately $655,334.90. This represents a 28.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Devesh Agarwal sold 2,132 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $13.30, for a total transaction of $28,355.60. Following the transaction, the chief operating officer owned 62,927 shares of the company's stock, valued at approximately $836,929.10. The trade was a 3.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,052 shares of company stock worth $331,115. Corporate insiders own 6.20% of the company's stock.

Bandwidth Price Performance

Shares of NASDAQ BAND traded up $0.13 during midday trading on Tuesday, reaching $15.13. The company's stock had a trading volume of 102,002 shares, compared to its average volume of 283,884. The company has a market cap of $456.02 million, a price-to-earnings ratio of -44.50 and a beta of 1.81. Bandwidth Inc. has a one year low of $11.33 and a one year high of $23.00. 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 company has a 50 day moving average price of $14.85 and a 200 day moving average price of $14.39.

Bandwidth (NASDAQ:BAND - Get Free Report) last announced 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 positive return on equity of 1.43% and a negative net margin of 1.32%.The company had revenue of $180.01 million for the quarter, compared to analyst estimates of $178.87 million. During the same period in the previous year, the firm earned $0.29 earnings per share. Bandwidth'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. On average, equities research analysts expect that Bandwidth Inc. will post 0.22 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on BAND shares. JMP Securities reissued a "market outperform" rating and set a $36.00 price target on shares of Bandwidth in a report on Thursday, May 15th. Robert W. Baird lowered their target price on shares of Bandwidth from $20.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, Needham & Company LLC restated a "buy" rating and set a $20.00 price target on shares of Bandwidth in a research report on Friday, June 13th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Bandwidth has a consensus rating of "Moderate Buy" and a consensus target price of $20.80.

About Bandwidth

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.