Susquehanna Fundamental Investments LLC Takes $1.20 Million Position in Bandwidth Inc. (NASDAQ:BAND)

Susquehanna Fundamental Investments LLC bought a new position in Bandwidth Inc. (NASDAQ:BAND - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 70,393 shares of the company's stock, valued at approximately $1,198,000. Susquehanna Fundamental Investments LLC owned about 0.26% of Bandwidth as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Bandwidth by 61.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 524,586 shares of the company's stock valued at $8,928,000 after buying an additional 200,387 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Bandwidth by 88.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 285,559 shares of the company's stock worth $4,860,000 after acquiring an additional 133,715 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Bandwidth by 9.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,249,120 shares of the company's stock worth $21,260,000 after acquiring an additional 112,269 shares during the period. Segall Bryant & Hamill LLC raised its stake in Bandwidth by 260.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 122,087 shares of the company's stock valued at $2,078,000 after purchasing an additional 88,198 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Bandwidth by 15.3% in the 4th quarter. Renaissance Technologies LLC now owns 651,300 shares of the company's stock valued at $11,085,000 after purchasing an additional 86,200 shares during the period. Institutional investors own 68.53% of the company's stock.

Insider Activity

In other Bandwidth news, insider Devin M. Krupka sold 3,770 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.70, for a total value of $59,189.00. Following the completion of the transaction, the insider now directly owns 19,188 shares of the company's stock, valued at approximately $301,251.60. The trade was a 16.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Richard Brandon Asbill sold 5,629 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.70, for a total transaction of $88,375.30. Following the transaction, the general counsel now owns 57,475 shares in the company, valued at $902,357.50. The trade was a 8.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,721 shares of company stock worth $992,965. Insiders own 6.20% of the company's stock.

Bandwidth Price Performance

BAND stock traded down $0.31 during trading on Monday, hitting $12.18. The company had a trading volume of 198,453 shares, compared to its average volume of 289,818. The company has a fifty day moving average price of $13.62 and a two-hundred day moving average price of $16.69. Bandwidth Inc. has a fifty-two week low of $11.20 and a fifty-two week high of $25.02. The company has a market cap of $348.64 million, a P/E ratio of -21.37 and a beta of 1.88. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.90.

Bandwidth (NASDAQ:BAND - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.36). Bandwidth had a negative net margin of 0.87% and a positive return on equity of 0.53%. The firm had revenue of $209.97 million during the quarter, compared to analyst estimates of $203.68 million. During the same quarter in the prior year, the firm posted $0.38 EPS. Equities research analysts expect that Bandwidth Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. William Blair restated an "outperform" rating on shares of Bandwidth in a report on Friday, February 21st. Barclays reduced their price objective on Bandwidth from $25.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. Needham & Company LLC restated a "hold" rating on shares of Bandwidth in a research report on Friday, February 21st. Finally, Morgan Stanley reduced their target price on Bandwidth from $18.00 to $11.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.17.

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.