Bandwidth Inc. $BAND Shares Bought by Palogic Value Management L.P.

Palogic Value Management L.P. raised its stake in Bandwidth Inc. (NASDAQ:BAND) by 10.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 220,000 shares of the company’s stock after purchasing an additional 20,000 shares during the period. Bandwidth comprises 1.2% of Palogic Value Management L.P.’s portfolio, making the stock its 26th largest holding. Palogic Value Management L.P.’s holdings in Bandwidth were worth $2,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in Bandwidth in the first quarter valued at $72,000. US Bancorp DE boosted its stake in Bandwidth by 11,281.3% in the first quarter. US Bancorp DE now owns 5,463 shares of the company’s stock valued at $72,000 after acquiring an additional 5,415 shares in the last quarter. GAMMA Investing LLC boosted its stake in Bandwidth by 16,036.6% in the first quarter. GAMMA Investing LLC now owns 6,616 shares of the company’s stock valued at $87,000 after acquiring an additional 6,575 shares in the last quarter. CWM LLC boosted its stake in Bandwidth by 326.8% in the first quarter. CWM LLC now owns 7,460 shares of the company’s stock valued at $98,000 after acquiring an additional 5,712 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in Bandwidth by 163.0% in the first quarter. Meeder Asset Management Inc. now owns 11,169 shares of the company’s stock valued at $146,000 after acquiring an additional 6,923 shares in the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.

Bandwidth Price Performance

Shares of BAND opened at $15.70 on Tuesday. Bandwidth Inc. has a fifty-two week low of $11.33 and a fifty-two week high of $23.00. The company has a market capitalization of $473.20 million, a price-to-earnings ratio of -46.18 and a beta of 1.81. The firm has a 50-day simple moving average of $14.90 and a 200-day simple moving average of $14.30. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.31 and a current ratio of 1.31.

Bandwidth (NASDAQ:BAND) last announced its earnings results on Tuesday, July 29th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. Bandwidth had a negative net margin of 1.32% and a positive return on equity of 1.43%. The business had revenue of $180.01 million during the quarter, compared to the consensus estimate of $178.87 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts anticipate that Bandwidth Inc. will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JMP Securities restated a “market outperform” rating and issued a $36.00 price objective on shares of Bandwidth in a research note on Thursday, May 15th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of Bandwidth in a research note on Friday, June 13th. Four research 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.80.

Insider Activity

In related news, COO Devesh Agarwal sold 1,745 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $15.09, for a total value of $26,332.05. Following the completion of the sale, the chief operating officer owned 67,263 shares in the company, valued at $1,014,998.67. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Daryl Raiford sold 2,594 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $15.46, for a total transaction of $40,103.24. Following the completion of the sale, the chief financial officer owned 128,538 shares of the company’s stock, valued at approximately $1,987,197.48. The trade was a 1.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,143 shares of company stock worth $393,259 in the last three months. 6.20% of the stock is currently owned by company insiders.

Bandwidth Company Profile

Bandwidth is a leading enterprise cloud communications company. Companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth’s APIs to easily embed voice, messaging, and emergency services into software and applications. Bandwidth is the first and only CPaaS provider offering a robust selection of communications APIs built around their own IP voice network.