59,997 Shares in Bandwidth Inc. $BAND Acquired by Walleye Capital LLC

Walleye Capital LLC acquired a new position in shares of Bandwidth Inc. (NASDAQ:BAND) during the 1st quarter, Holdings Channel reports. The firm acquired 59,997 shares of the company’s stock, valued at approximately $1,069,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rhumbline Advisers grew its stake in shares of Bandwidth by 15.0% in the second quarter. Rhumbline Advisers now owns 40,927 shares of the company’s stock valued at $651,000 after acquiring an additional 5,324 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Bandwidth in the 2nd quarter worth about $128,000. Arrowstreet Capital Limited Partnership boosted its holdings in Bandwidth by 26.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 373,153 shares of the company’s stock valued at $5,933,000 after purchasing an additional 78,360 shares during the period. Invesco Ltd. grew its position in shares of Bandwidth by 4.7% during the 2nd quarter. Invesco Ltd. now owns 56,367 shares of the company’s stock worth $896,000 after purchasing an additional 2,532 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Bandwidth during the second quarter worth approximately $221,000. Institutional investors and hedge funds own 68.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BAND. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a report on Friday, July 17th. Zacks Research downgraded Bandwidth from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Citigroup restated a “market outperform” rating on shares of Bandwidth in a research note on Monday. Wall Street Zen lowered shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 28th. Finally, Citizens Jmp boosted their target price on shares of Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a research note on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Bandwidth presently has an average rating of “Moderate Buy” and a consensus price target of $61.75.

Bandwidth Price Performance

Shares of NASDAQ BAND opened at $59.80 on Friday. The firm’s 50-day moving average price is $62.60 and its 200-day moving average price is $34.63. The firm has a market capitalization of $1.91 billion, a P/E ratio of -157.37 and a beta of 2.92. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. Bandwidth Inc. has a 1-year low of $12.50 and a 1-year high of $79.08.

Bandwidth (NASDAQ:BAND) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The firm had revenue of $208.78 million for the quarter, compared to analyst estimates of $201.58 million. Bandwidth had a negative net margin of 0.64% and a positive return on equity of 1.47%. Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. Equities research analysts anticipate that Bandwidth Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at Bandwidth

In other news, insider Kade Ross sold 20,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider directly owned 43,894 shares of the company’s stock, valued at $2,263,174.64. This trade represents a 31.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David A. Morken sold 4,632 shares of Bandwidth stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $58.85, for a total transaction of $272,593.20. Following the completion of the sale, the chief executive officer directly owned 7,198 shares in the company, valued at approximately $423,602.30. This represents a 39.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 127,269 shares of company stock worth $7,192,523. 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.