Engineers Gate Manager LP Takes $2.22 Million Position in Bandwidth Inc. $BAND

Engineers Gate Manager LP acquired a new stake in Bandwidth Inc. (NASDAQ:BAND) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 35,043 shares of the company’s stock, valued at approximately $2,218,000.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in Bandwidth by 138.9% during the second quarter. Wellington Management Group LLP now owns 911,893 shares of the company’s stock worth $57,723,000 after acquiring an additional 530,182 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Bandwidth by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,551,508 shares of the company’s stock worth $27,647,000 after acquiring an additional 91,812 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Bandwidth by 299.5% in the first 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. Renaissance Technologies LLC raised its position in shares of Bandwidth by 4.2% during the first quarter. Renaissance Technologies LLC now owns 644,981 shares of the company’s stock worth $11,494,000 after purchasing an additional 26,081 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Bandwidth by 51.1% during the first 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 period. Institutional investors and hedge funds own 68.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BAND. Zacks Research lowered Bandwidth from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Wall Street Zen lowered shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 28th. 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. Piper Sandler raised their price objective on shares of Bandwidth from $38.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Finally, B. Riley Financial boosted their price objective on shares of Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.80.

Bandwidth Stock Down 13.9%

Shares of Bandwidth stock opened at $48.97 on Tuesday. The firm has a market cap of $1.58 billion, a PE ratio of -168.86 and a beta of 3.03. The business’s 50 day simple moving average is $54.40 and its 200 day simple moving average is $43.58. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.04 and a current ratio of 2.04. Bandwidth Inc. has a 52-week low of $12.50 and a 52-week high of $79.08.

Bandwidth (NASDAQ:BAND) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $219.90 million during the quarter, compared to the consensus estimate of $217.62 million. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.The company’s revenue for the quarter 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 predict that Bandwidth Inc. will post 0.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bandwidth news, CFO Daryl E. Raiford sold 4,673 shares of Bandwidth stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.15, for a total value of $229,677.95. Following the sale, the chief financial officer directly owned 35,832 shares in the company, valued at approximately $1,761,142.80. The trade was a 11.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Devesh Agarwal sold 4,869 shares of Bandwidth stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $239,311.35. Following the completion of the sale, the chief operating officer owned 79,138 shares in the company, valued at $3,889,632.70. The trade was a 5.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,550 shares of company stock valued at $1,154,782 over the last 90 days. 5.26% of the stock is currently owned by company insiders.

About Bandwidth

Bandwidth Inc is a cloud communications company that provides application programming interfaces (APIs) and communications services for businesses, software developers and service providers. Its platform enables organizations to integrate voice calling, text messaging and other communications capabilities into applications, websites and business workflows.

The company’s offerings include voice and messaging APIs, toll-free and local telephone numbers, emergency communications and 911 access, authentication and related communications tools.