Wellington Management Group LLP Has $57.72 Million Stake in Bandwidth Inc. $BAND

Key Points

• Wellington Management increased its Bandwidth stake by 138.9% in the second quarter, acquiring 530,182 additional shares and bringing its holdings to 911,893 shares worth approximately $57.72 million. Institutional investors collectively own 68.53% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and three Holds, resulting in a consensus “Moderate Buy” rating and a $59.80 target price. Bandwidth also exceeded quarterly earnings and revenue estimates, reporting $0.37 EPS and $219.9 million in revenue, up 22.2% year over year.
• Bandwidth shares opened at $47.09, below the 50-day moving average of $56.22 but well above the 52-week low of $12.50. Company insiders sold 23,550 shares worth about $1.15 million during the quarter.

Wellington Management Group LLP lifted its position in Bandwidth Inc. (NASDAQ:BAND - Free Report) by 138.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 911,893 shares of the company's stock after buying an additional 530,182 shares during the quarter. Wellington Management Group LLP owned about 2.83% of Bandwidth worth $57,723,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its stake in Bandwidth by 6.0% in the fourth quarter. Deutsche Bank AG now owns 18,343 shares of the company's stock valued at $283,000 after acquiring an additional 1,043 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Bandwidth by 2.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 53,681 shares of the company's stock valued at $895,000 after purchasing an additional 1,129 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Bandwidth by 3.6% during the 4th quarter. Franklin Resources Inc. now owns 58,141 shares of the company's stock valued at $898,000 after purchasing an additional 2,043 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Bandwidth by 8.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,896 shares of the company's stock valued at $462,000 after purchasing an additional 2,250 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Bandwidth by 183.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company's stock valued at $60,000 after purchasing an additional 2,445 shares during the last quarter. Institutional investors own 68.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BAND shares. Citizens Jmp raised their target price on Bandwidth from $70.00 to $86.00 and gave the company a "market outperform" rating in a report on Monday, July 20th. Weiss Ratings downgraded Bandwidth from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, August 27th. Needham & Company LLC reissued a "buy" rating on shares of Bandwidth in a research note on Thursday, August 20th. B. Riley Financial boosted their target price on Bandwidth from $55.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Finally, Wall Street Zen cut Bandwidth from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 28th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Bandwidth presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.80.

Bandwidth Stock Down 1.0%

Bandwidth stock opened at $47.09 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.04 and a quick 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 firm has a fifty day moving average price of $56.22 and a two-hundred day moving average price of $41.88. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -162.38 and a beta of 3.03.

Bandwidth (NASDAQ:BAND - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.37 earnings per share (EPS) for the quarter, beating 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 company had revenue of $219.90 million for the quarter, compared to the consensus estimate of $217.62 million. The firm'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, analysts forecast that Bandwidth Inc. will post 0.65 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Devesh Agarwal sold 4,869 shares of the company's 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 $239,311.35. Following the completion of the transaction, the chief operating officer directly owned 79,138 shares in the company, valued at $3,889,632.70. The trade was a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Richard Asbill sold 1,832 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $49.15, for a total value of $90,042.80. Following the completion of the sale, the general counsel directly owned 7,550 shares of the company's stock, valued at $371,082.50. This represents a 19.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 23,550 shares of company stock worth $1,154,782. 5.26% of the stock is currently owned by company insiders.

Bandwidth Company Profile

Bandwidth Inc operates a cloud-based communications platform that provides voice, messaging and emergency services APIs for enterprises and developers. Through its proprietary network and software-as-a-service model, the company enables customers to integrate programmable voice calls, text messaging and 9-1-1 routing into their applications. Bandwidth's solutions aim to reduce complexity and improve reliability in mission-critical communications, serving industries such as healthcare, financial services, on-demand mobility and customer engagement.

Founded in 1999 in Raleigh, North Carolina by co-founders David Morken and Henry Kaestner, Bandwidth initially focused on voice-over-IP infrastructure before evolving into a full communications API provider.

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