Hsbc Holdings PLC Buys 31,565 Shares of Bandwidth Inc. $BAND

Hsbc Holdings PLC raised its stake in shares of Bandwidth Inc. (NASDAQ:BAND) by 51.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,804 shares of the company’s stock after purchasing an additional 31,565 shares during the period. Hsbc Holdings PLC’s holdings in Bandwidth were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Blue Trust Inc. purchased a new position in shares of Bandwidth in the 1st quarter worth approximately $1,742,000. Assenagon Asset Management S.A. raised its holdings in Bandwidth by 51.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 491,873 shares of the company’s stock valued at $8,765,000 after buying an additional 166,423 shares during the period. Diversified Trust Co purchased a new stake in Bandwidth during the 1st quarter valued at $184,000. Invesco Ltd. lifted its position in Bandwidth by 6.7% in the fourth quarter. Invesco Ltd. now owns 66,988 shares of the company’s stock worth $1,035,000 after buying an additional 4,223 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in Bandwidth by 90.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 102,040 shares of the company’s stock worth $1,577,000 after buying an additional 48,359 shares during the last quarter. 68.53% of the stock is owned by institutional investors.

Bandwidth Price Performance

BAND opened at $59.80 on Monday. The business has a fifty day moving average of $62.60 and a 200 day moving average of $34.77. Bandwidth Inc. has a 52-week low of $12.50 and a 52-week high of $79.08. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The stock has a market cap of $1.91 billion, a P/E ratio of -157.37 and a beta of 2.92.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.The company had revenue of $208.78 million for the quarter, compared to the consensus estimate 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. As a group, sell-side analysts anticipate that Bandwidth Inc. will post 0.55 EPS for the current year.

Insider Activity

In other news, insider Kade Ross sold 1,588 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $58.85, for a total value of $93,453.80. Following the transaction, the insider directly owned 47,996 shares in the company, valued at approximately $2,824,564.60. This represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Richard Brandon Asbill sold 29,214 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $72.03, for a total transaction of $2,104,284.42. Following the completion of the transaction, the general counsel directly owned 3,000 shares in the company, valued at $216,090. This represents a 90.69% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 127,269 shares of company stock valued at $7,192,523. Insiders own 5.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on BAND shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research note on Friday, July 17th. Needham & Company LLC raised their target price on shares of Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Zacks Research cut shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Citizens Jmp upped their price target on shares of Bandwidth from $70.00 to $86.00 and gave the company a “market outperform” rating in a report on Monday, July 20th. Finally, Wall Street Zen lowered shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 28th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Bandwidth currently has a consensus rating of “Moderate Buy” and an average price target of $61.75.

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.