Globeflex Capital L P Buys Shares of 45,268 Bandwidth Inc. $BAND

Globeflex Capital L P bought a new stake in shares of Bandwidth Inc. (NASDAQ:BAND) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 45,268 shares of the company’s stock, valued at approximately $2,865,000.

A number of other hedge funds have also made changes to their positions in BAND. Tower Research Capital LLC TRC raised 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 acquiring an additional 2,445 shares in the last quarter. Raymond James Financial Inc. bought a new position in Bandwidth during the 2nd quarter valued at $85,000. Quantbot Technologies LP acquired a new position in Bandwidth during the 2nd quarter worth $128,000. State of Wyoming grew its holdings in Bandwidth by 104.6% during the 4th quarter. State of Wyoming now owns 8,756 shares of the company’s stock worth $135,000 after acquiring an additional 4,476 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in shares of Bandwidth in the 3rd quarter worth about $174,000. Institutional investors and hedge funds own 68.53% of the company’s stock.

Wall Street Analyst Weigh In

BAND has been the topic of a number of recent analyst reports. Citigroup restated a “market outperform” rating on shares of Bandwidth in a research note on Monday, July 20th. Weiss Ratings upgraded Bandwidth from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Wall Street Zen lowered Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 28th. B. Riley Financial upped their price objective on Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Bandwidth in a report on Thursday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.80.

Bandwidth Stock Performance

Bandwidth stock opened at $47.52 on Monday. 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 12 month low of $12.50 and a 12 month high of $79.08. The company has a fifty day moving average price of $56.86 and a two-hundred day moving average price of $39.66. The company has a market cap of $1.53 billion, a PE ratio of -163.86 and a beta of 2.96.

Bandwidth (NASDAQ:BAND) last issued its earnings results on Wednesday, July 29th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The company had revenue of $219.90 million for the quarter, compared to analysts’ expectations of $217.62 million. Bandwidth’s revenue for the quarter 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. Research analysts expect that Bandwidth Inc. will post 0.65 earnings per share for the current year.

Insider Activity

In other news, General Counsel Richard Brandon Asbill sold 29,214 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $72.03, for a total transaction of $2,104,284.42. Following the completion of the transaction, the general counsel directly owned 3,000 shares of the company’s stock, valued at approximately $216,090. This represents a 90.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Devesh Agarwal sold 4,066 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $58.85, for a total value of $239,284.10. Following the transaction, the chief operating officer directly owned 68,579 shares of the company’s stock, valued at $4,035,874.15. This trade represents a 5.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 52,844 shares of company stock valued at $3,517,318 over the last quarter. Corporate insiders own 5.26% of the company’s stock.

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.