Renaissance Technologies LLC Boosts Stake in Bandwidth Inc. $BAND

Renaissance Technologies LLC lifted its holdings in Bandwidth Inc. (NASDAQ:BAND) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 644,981 shares of the company’s stock after purchasing an additional 26,081 shares during the period. Renaissance Technologies LLC’s holdings in Bandwidth were worth $11,494,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in Bandwidth by 183.7% in the second 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 period. Raymond James Financial Inc. acquired a new position in shares of Bandwidth during the 2nd quarter worth approximately $85,000. Quantbot Technologies LP purchased a new position in shares of Bandwidth during the 2nd quarter valued at approximately $128,000. State of Wyoming grew its stake in Bandwidth by 104.6% in the 4th quarter. State of Wyoming now owns 8,756 shares of the company’s stock valued at $135,000 after acquiring an additional 4,476 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in Bandwidth by 35.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock valued at $157,000 after acquiring an additional 2,634 shares during the period. Institutional investors and hedge funds own 68.53% of the company’s stock.

Bandwidth Stock Up 0.8%

Shares of BAND opened at $39.14 on Friday. The stock has a 50 day moving average price of $61.34 and a 200 day moving average price of $35.70. Bandwidth Inc. has a one year low of $12.50 and a one year high of $79.08. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 2.04. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -134.97 and a beta of 2.92.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $217.62 million. The business’s revenue 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. Equities research analysts forecast that Bandwidth Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BAND has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 28th. Zacks Research cut shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. B. Riley Financial upped their price target on shares of Bandwidth from $55.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Citigroup reaffirmed a “market outperform” rating on shares of Bandwidth in a research note on Monday, July 20th. Finally, Citizens Jmp lifted their price objective on Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Bandwidth currently has an average rating of “Moderate Buy” and an average target price of $61.75.

Insider Transactions at Bandwidth

In other news, COO Devesh Agarwal sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $57.24, for a total value of $858,600.00. Following the transaction, the chief operating officer directly owned 61,414 shares of the company’s stock, valued at approximately $3,515,337.36. This trade represents a 19.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Kade Ross sold 20,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $51.56, for a total transaction of $1,031,200.00. Following the transaction, the insider owned 43,894 shares in the company, valued at $2,263,174.64. The trade was a 31.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 117,269 shares of company stock valued at $6,876,623. Company insiders own 5.26% of the company’s stock.

Bandwidth 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.