Wellington Management Group LLP Purchases 530,182 Shares of Bandwidth Inc. $BAND

Wellington Management Group LLP raised its position in Bandwidth Inc. (NASDAQ:BAND) by 138.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 911,893 shares of the company’s stock after acquiring an additional 530,182 shares during the period. Wellington Management Group LLP’s holdings in Bandwidth were worth $57,723,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in shares of Bandwidth by 183.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock worth $60,000 after purchasing an additional 2,445 shares in the last quarter. Raymond James Financial Inc. bought a new position in Bandwidth in the second quarter worth $85,000. Quantbot Technologies LP bought a new position in Bandwidth in the second quarter worth $128,000. State of Wyoming boosted its stake in Bandwidth by 104.6% during the fourth quarter. State of Wyoming now owns 8,756 shares of the company’s stock worth $135,000 after buying an additional 4,476 shares in the last quarter. Finally, Brevan Howard Capital Management LP acquired a new stake in Bandwidth during the third quarter worth $174,000. Institutional investors own 68.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BAND shares. Wall Street Zen cut shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 28th. Citigroup reissued a “market outperform” rating on shares of Bandwidth in a research note on Monday, July 20th. B. Riley Financial increased 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. Needham & Company LLC restated a “buy” rating on shares of Bandwidth in a research note on Thursday, August 20th. Finally, Zacks Research downgraded Bandwidth from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Bandwidth has an average rating of “Moderate Buy” and an average target price of $59.80.

Insiders Place Their Bets

In other Bandwidth news, General Counsel Richard Asbill sold 1,832 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $90,042.80. Following the sale, the general counsel owned 7,550 shares of the company’s stock, valued at $371,082.50. This represents a 19.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daryl Raiford sold 4,673 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $49.15, for a total transaction of $229,677.95. Following the completion of the transaction, the chief financial officer directly owned 35,832 shares of the company’s stock, valued at approximately $1,761,142.80. This represents a 11.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,550 shares of company stock valued at $1,154,782 over the last three months. Company insiders own 5.26% of the company’s stock.

Bandwidth Stock Down 1.0%

Shares of BAND opened at $47.09 on Friday. The company has a market capitalization of $1.52 billion, a P/E ratio of -162.38 and a beta of 3.03. Bandwidth Inc. has a one year low of $12.50 and a one year high of $79.08. The business’s 50 day simple moving average is $56.22 and its 200-day simple moving average is $41.88. 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 (NASDAQ:BAND) last released its quarterly earnings results 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 firm had revenue of $219.90 million during the quarter, compared to analysts’ expectations of $217.62 million. Bandwidth’s quarterly 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. As a group, sell-side analysts predict that Bandwidth Inc. will post 0.65 EPS for the current fiscal year.

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.