IMC Chicago LLC Takes Position in Bandwidth Inc. $BAND

IMC Chicago LLC bought a new position in Bandwidth Inc. (NASDAQ:BAND) during the 1st quarter, HoldingsChannel reports. The firm bought 12,256 shares of the company’s stock, valued at approximately $218,000.

Several other large investors also recently modified their holdings of the business. Tower Research Capital LLC TRC increased its stake in Bandwidth by 183.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock worth $60,000 after purchasing an additional 2,445 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Bandwidth in the 2nd quarter valued at $85,000. Quantbot Technologies LP acquired a new stake in shares of Bandwidth in the second quarter valued at about $128,000. State of Wyoming increased its position in shares of Bandwidth by 104.6% during the 4th quarter. State of Wyoming now owns 8,756 shares of the company’s stock worth $135,000 after purchasing an additional 4,476 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Bandwidth by 35.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock worth $157,000 after purchasing an additional 2,634 shares during the last quarter. 68.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on BAND. Zacks Research lowered Bandwidth from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. 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 report on Thursday, July 9th. Citizens Jmp lifted their price target on shares of Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a research report on Friday, May 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bandwidth in a research note on Monday, April 20th. Finally, Needham & Company LLC increased their price target on Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Bandwidth presently has an average rating of “Moderate Buy” and an average target price of $57.75.

Bandwidth Price Performance

Shares of NASDAQ:BAND opened at $68.88 on Friday. The firm has a 50 day moving average of $60.85 and a 200-day moving average of $32.64. The stock has a market capitalization of $2.21 billion, a PE ratio of -181.26 and a beta of 2.92. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. Bandwidth Inc. has a 12 month low of $12.50 and a 12 month high of $79.08.

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

Insider Activity

In other Bandwidth news, COO Devesh Agarwal sold 4,066 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $58.85, for a total transaction of $239,284.10. Following the completion of the sale, the chief operating officer directly owned 68,579 shares in the company, valued at $4,035,874.15. This represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daryl E. Raiford sold 4,228 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were 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 directly owned 42,919 shares in the company, valued at approximately $2,753,253.85. This represents a 8.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 127,269 shares of company stock valued at $7,192,523. Corporate insiders own 5.26% of the company’s stock.

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.