Diversified Trust Co Purchases New Shares in Bandwidth Inc. $BAND

Diversified Trust Co acquired a new stake in Bandwidth Inc. (NASDAQ:BAND) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,327 shares of the company’s stock, valued at approximately $184,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in shares of Bandwidth by 8.3% in the fourth quarter. Hsbc Holdings PLC now owns 61,239 shares of the company’s stock valued at $950,000 after buying an additional 4,686 shares during the last quarter. Invesco Ltd. raised its stake in shares of 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 acquiring an additional 4,223 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of 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 acquiring an additional 48,359 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Bandwidth by 44.5% in the fourth quarter. Empowered Funds LLC now owns 140,471 shares of the company’s stock worth $2,170,000 after acquiring an additional 43,246 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in shares of Bandwidth by 46.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 215,471 shares of the company’s stock worth $3,329,000 after purchasing an additional 68,246 shares in the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.

Insider Activity

In other news, insider Rebecca Bottorff sold 9,425 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $45.30, for a total transaction of $426,952.50. Following the sale, the insider owned 50,535 shares of the company’s stock, valued at $2,289,235.50. This trade represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Devesh Agarwal sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $57.24, for a total value of $858,600.00. Following the sale, the chief operating officer directly owned 61,414 shares in the company, valued at approximately $3,515,337.36. This represents a 19.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 127,269 shares of company stock valued at $7,192,523. Company insiders own 5.26% of the company’s stock.

Bandwidth Trading Up 8.8%

BAND opened at $56.90 on Friday. The firm’s fifty day moving average is $50.05 and its two-hundred day moving average is $27.32. 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 $1.82 billion, a PE ratio of -149.74 and a beta of 2.93. Bandwidth Inc. has a twelve month low of $12.50 and a twelve month high of $75.98.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates 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 year.

Analysts Set New Price Targets

A number of research firms have issued reports on BAND. Weiss Ratings restated a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Zacks Research upgraded shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. B. Riley Financial boosted their price target on shares of Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Citizens Jmp increased their price objective on shares of Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a report on Friday, May 15th. Finally, Wall Street Zen cut shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Sunday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.25.

About Bandwidth

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.