Fox Run Management L.L.C. Cuts Stock Position in Bandwidth Inc. $BAND

Fox Run Management L.L.C. trimmed its position in Bandwidth Inc. (NASDAQ:BANDFree Report) by 24.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,440 shares of the company’s stock after selling 5,517 shares during the period. Fox Run Management L.L.C.’s holdings in Bandwidth were worth $228,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Bandwidth by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,185 shares of the company’s stock worth $241,000 after buying an additional 608 shares during the last quarter. Rhumbline Advisers raised its holdings in Bandwidth by 3.7% during the first quarter. Rhumbline Advisers now owns 35,603 shares of the company’s stock worth $466,000 after purchasing an additional 1,255 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Bandwidth by 10.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,182 shares of the company’s stock valued at $293,000 after purchasing an additional 1,658 shares during the period. Algert Global LLC boosted its holdings in Bandwidth by 10.4% in the 4th quarter. Algert Global LLC now owns 18,280 shares of the company’s stock valued at $311,000 after purchasing an additional 1,720 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Bandwidth by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 570,910 shares of the company’s stock worth $9,720,000 after purchasing an additional 2,243 shares during the period. 68.53% of the stock is owned by institutional investors and hedge funds.

Bandwidth Stock Performance

NASDAQ BAND opened at $14.05 on Thursday. The business has a 50 day moving average price of $14.76 and a 200 day moving average price of $14.65. The company has a market capitalization of $423.47 million, a P/E ratio of -41.32 and a beta of 1.80. Bandwidth Inc. has a 1-year low of $11.33 and a 1-year high of $23.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.31 and a quick ratio of 1.31.

Bandwidth (NASDAQ:BANDGet Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.06. Bandwidth had a positive return on equity of 1.43% and a negative net margin of 1.32%.The company had revenue of $180.01 million for the quarter, compared to analyst estimates of $178.87 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. Bandwidth’s 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. Sell-side analysts expect that Bandwidth Inc. will post 0.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on BAND shares. Robert W. Baird reduced their price target on Bandwidth from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Bandwidth in a research report on Friday, June 13th. Finally, JMP Securities restated a “market outperform” rating and set a $36.00 target price on shares of Bandwidth in a research report on Thursday, May 15th. Four 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 stock. Based on data from MarketBeat.com, Bandwidth has a consensus rating of “Moderate Buy” and an average price target of $20.80.

Check Out Our Latest Stock Analysis on Bandwidth

Insider Transactions at Bandwidth

In other Bandwidth news, COO Devesh Agarwal sold 2,132 shares of Bandwidth stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $13.30, for a total transaction of $28,355.60. Following the completion of the transaction, the chief operating officer owned 62,927 shares in the company, valued at approximately $836,929.10. The trade was a 3.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rebecca Bottorff sold 16,935 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $15.14, for a total transaction of $256,395.90. Following the completion of the sale, the insider directly owned 43,285 shares in the company, valued at $655,334.90. This trade represents a 28.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,728 shares of company stock worth $687,037 in the last 90 days. Insiders own 6.50% of the company’s stock.

Bandwidth Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bandwidth (NASDAQ:BAND)

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