Bandwidth Inc. $BAND Shares Purchased by Empowered Funds LLC

Empowered Funds LLC grew its holdings in shares of Bandwidth Inc. (NASDAQ:BAND) by 9.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 154,432 shares of the company’s stock after purchasing an additional 13,961 shares during the period. Empowered Funds LLC’s holdings in Bandwidth were worth $2,752,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its stake in shares of Bandwidth by 248.2% during the 1st quarter. Quantinno Capital Management LP now owns 76,836 shares of the company’s stock worth $1,369,000 after acquiring an additional 54,771 shares in the last quarter. Renaissance Technologies LLC raised its position in Bandwidth by 4.2% during the first quarter. Renaissance Technologies LLC now owns 644,981 shares of the company’s stock valued at $11,494,000 after buying an additional 26,081 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Bandwidth by 299.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock worth $12,268,000 after acquiring an additional 516,117 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Bandwidth during the first quarter worth approximately $1,069,000. Finally, Dimensional Fund Advisors LP grew its position in Bandwidth by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,551,508 shares of the company’s stock valued at $27,647,000 after purchasing an additional 91,812 shares in the last quarter. 68.53% of the stock is currently owned by institutional investors.

Insider Activity

In other Bandwidth news, General Counsel Richard Brandon Asbill sold 29,214 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $72.03, for a total value of $2,104,284.42. Following the transaction, the general counsel directly owned 3,000 shares in the company, valued at $216,090. The trade was a 90.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Devesh Agarwal sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $57.24, for a total transaction of $858,600.00. Following the sale, the chief operating officer directly owned 61,414 shares in the company, valued at $3,515,337.36. This represents a 19.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 107,844 shares of company stock worth $6,449,671 over the last ninety days. Corporate insiders own 5.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BAND shares. Wall Street Zen lowered Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 28th. Weiss Ratings upgraded Bandwidth from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday. Citigroup reaffirmed a “market outperform” rating on shares of Bandwidth in a research report on Monday, July 20th. Citizens Jmp upped their price objective on shares of Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a report on Monday, July 20th. Finally, Zacks Research lowered shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Bandwidth currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

Bandwidth Price Performance

Shares of BAND stock opened at $46.20 on Wednesday. The stock’s fifty day simple moving average is $60.68 and its 200 day simple moving average is $36.29. Bandwidth Inc. has a one year low of $12.50 and a one year high of $79.08. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -159.31 and a beta of 2.96. 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 issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $217.62 million. Bandwidth’s revenue was up 22.2% on a year-over-year basis. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. On average, analysts expect that Bandwidth Inc. will post 0.58 earnings per share for the current fiscal year.

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.