IMC Chicago LLC Purchases Shares of 12,256 Bandwidth Inc. $BAND

IMC Chicago LLC purchased a new position in Bandwidth Inc. (NASDAQ:BAND) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,256 shares of the company’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position in shares of Bandwidth by 183.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock valued at $60,000 after buying an additional 2,445 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Bandwidth during the second quarter worth about $85,000. Quantbot Technologies LP acquired a new stake in Bandwidth during the second quarter worth about $128,000. State of Wyoming increased its stake in Bandwidth by 104.6% during the fourth quarter. State of Wyoming now owns 8,756 shares of the company’s stock valued at $135,000 after acquiring an additional 4,476 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in Bandwidth by 35.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock valued at $157,000 after acquiring an additional 2,634 shares during the period. Institutional investors own 68.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on BAND shares. Citizens Jmp raised their price objective on Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Friday, May 15th. Citigroup restated an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. B. Riley Financial upped their target price on Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Finally, Wall Street Zen downgraded shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 28th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Bandwidth currently has an average rating of “Moderate Buy” and a consensus target price of $57.75.

Bandwidth Stock Down 2.9%

BAND opened at $68.88 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of -181.26 and a beta of 2.92. Bandwidth Inc. has a twelve month low of $12.50 and a twelve month high of $79.08. The firm’s 50-day simple moving average is $60.85 and its 200-day simple moving average is $32.64.

Bandwidth (NASDAQ:BAND) last posted its earnings results on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. Bandwidth had a negative net margin of 0.64% and a positive return on equity of 1.47%. The company had revenue of $208.78 million during the quarter, compared to analysts’ expectations of $201.58 million. 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 EPS for the current fiscal year.

Insider Transactions at Bandwidth

In other news, General Counsel Richard Brandon Asbill sold 29,214 shares of Bandwidth stock in a transaction on Friday, June 5th. The stock was sold at an average price of $72.03, for a total value of $2,104,284.42. Following the completion of the sale, the general counsel directly owned 3,000 shares of the company’s stock, valued at approximately $216,090. This trade represents a 90.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daryl E. Raiford sold 4,228 shares of Bandwidth stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $64.15, for a total value of $271,226.20. Following the completion of the sale, the chief financial officer owned 42,919 shares of the company’s stock, valued at approximately $2,753,253.85. The trade was a 8.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 127,269 shares of company stock worth $7,192,523. Corporate insiders own 5.26% of the company’s stock.

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.