Bastion Asset Management Inc. Buys Shares of 393,263 Bandwidth Inc. $BAND

Bastion Asset Management Inc. bought a new position in Bandwidth Inc. (NASDAQ:BAND) during the 1st quarter, HoldingsChannel.com reports. The fund bought 393,263 shares of the company’s stock, valued at approximately $6,592,000. Bandwidth accounts for about 2.0% of Bastion Asset Management Inc.’s portfolio, making the stock its 17th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CSM Advisors LLC acquired a new stake in Bandwidth in the fourth quarter valued at approximately $5,342,000. AQR Capital Management LLC increased its stake in shares of Bandwidth by 49.1% during the 2nd quarter. AQR Capital Management LLC now owns 587,305 shares of the company’s stock worth $9,338,000 after purchasing an additional 193,398 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Bandwidth by 51.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 491,873 shares of the company’s stock worth $8,765,000 after purchasing an additional 166,423 shares during the last quarter. Bridgeway Capital Management LLC bought a new position in shares of Bandwidth during the 2nd quarter valued at $2,166,000. Finally, UBS Group AG raised its holdings in shares of Bandwidth by 189.2% during the 4th quarter. UBS Group AG now owns 205,300 shares of the company’s stock valued at $3,172,000 after purchasing an additional 134,309 shares in the last quarter. 68.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Bandwidth

In other Bandwidth news, insider Kade Ross sold 1,588 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $58.85, for a total value of $93,453.80. Following the sale, the insider owned 47,996 shares of the company’s stock, valued at $2,824,564.60. This trade represents a 3.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Devesh Agarwal sold 4,066 shares of Bandwidth stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $58.85, for a total value of $239,284.10. Following the completion of the transaction, the chief operating officer directly owned 68,579 shares in the company, valued at approximately $4,035,874.15. This represents a 5.60% decrease in their ownership of the stock. 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. Insiders own 5.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BAND shares. Needham & Company LLC lifted their price objective on shares of Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Wall Street Zen lowered Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 28th. Citigroup reaffirmed an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Citizens Jmp upped their price target on Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Friday, May 15th. Finally, B. Riley Financial increased their price objective on Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.75.

Bandwidth Stock Down 2.9%

BAND stock opened at $68.88 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. Bandwidth Inc. has a 52-week low of $12.50 and a 52-week high of $79.08. The company has a 50-day moving average of $60.85 and a two-hundred day moving average of $32.64. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of -181.26 and a beta of 2.92.

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