Bandwidth Inc. $BAND Position Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its holdings in Bandwidth Inc. (NASDAQ:BAND) by 51.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 491,873 shares of the company’s stock after purchasing an additional 166,423 shares during the period. Assenagon Asset Management S.A.’s holdings in Bandwidth were worth $8,765,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BAND. UBS Group AG increased its stake in shares of Bandwidth by 189.2% in the fourth quarter. UBS Group AG now owns 205,300 shares of the company’s stock worth $3,172,000 after acquiring an additional 134,309 shares during the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Bandwidth during the fourth quarter worth $1,622,000. Portolan Capital Management LLC boosted its position in Bandwidth by 115.8% during the third quarter. Portolan Capital Management LLC now owns 745,802 shares of the company’s stock valued at $12,433,000 after purchasing an additional 400,231 shares during the last quarter. Diversified Trust Co acquired a new stake in Bandwidth during the first quarter valued at $184,000. Finally, Harbor Capital Advisors Inc. grew its stake in Bandwidth by 35.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock valued at $157,000 after purchasing an additional 2,634 shares in the last quarter. 68.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Bandwidth

In related news, COO Devesh Agarwal sold 4,066 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $58.85, for a total value of $239,284.10. Following the sale, the chief operating officer owned 68,579 shares of the company’s stock, valued at $4,035,874.15. The trade was a 5.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daryl E. Raiford sold 4,228 shares of the company’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 owned 42,919 shares in the company, valued at $2,753,253.85. This trade represents a 8.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In 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 Price Performance

BAND opened at $56.90 on Monday. The company has a market capitalization of $1.82 billion, a P/E ratio of -149.74 and a beta of 2.93. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s fifty day moving average price is $50.05 and its two-hundred day moving average price is $27.41. Bandwidth Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $75.98.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The company had revenue of $208.78 million during the quarter, compared to analysts’ expectations 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, 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 recently weighed in on BAND. Citigroup reaffirmed an “outperform” rating on shares of Bandwidth in a research note on Thursday, April 30th. B. Riley Financial boosted their price target on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Zacks Research upgraded Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Citizens Jmp raised their price objective 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. 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 assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.25.

Bandwidth Company 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.