Trexquant Investment LP Buys 55,408 Shares of Bandwidth Inc. $BAND

Trexquant Investment LP grew its stake in Bandwidth Inc. (NASDAQ:BAND) by 85.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,946 shares of the company’s stock after purchasing an additional 55,408 shares during the period. Trexquant Investment LP owned approximately 0.42% of Bandwidth worth $1,571,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. US Bancorp DE lifted its stake in shares of Bandwidth by 11,281.3% in the 1st quarter. US Bancorp DE now owns 5,463 shares of the company’s stock valued at $72,000 after purchasing an additional 5,415 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Bandwidth during the 1st quarter worth approximately $72,000. GAMMA Investing LLC lifted its stake in shares of Bandwidth by 16,036.6% during the 1st quarter. GAMMA Investing LLC now owns 6,616 shares of the company’s stock worth $87,000 after acquiring an additional 6,575 shares during the last quarter. CWM LLC lifted its stake in shares of Bandwidth by 326.8% during the 1st quarter. CWM LLC now owns 7,460 shares of the company’s stock worth $98,000 after acquiring an additional 5,712 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in shares of Bandwidth by 163.0% during the 1st quarter. Meeder Asset Management Inc. now owns 11,169 shares of the company’s stock worth $146,000 after acquiring an additional 6,923 shares during the last quarter. 68.53% of the stock is owned by institutional investors.

Insider Transactions at Bandwidth

In other Bandwidth news, General Counsel Richard Brandon Asbill sold 1,852 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $15.09, for a total transaction of $27,946.68. Following the transaction, the general counsel directly owned 51,617 shares in the company, valued at $778,900.53. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Devesh Agarwal sold 2,132 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $13.30, for a total value of $28,355.60. Following the transaction, the chief operating officer owned 62,927 shares in the company, valued at $836,929.10. The trade was a 3.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,078 shares of company stock valued at $649,654. Company insiders own 6.50% of the company’s stock.

Wall Street Analysts Forecast Growth

BAND has been the subject of a number of research analyst reports. JMP Securities reissued a “market outperform” rating and set a $36.00 price target on shares of Bandwidth in a research note on Thursday, May 15th. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of Bandwidth in a research note on Friday, June 13th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.80.

Bandwidth Trading Up 0.2%

BAND opened at $15.68 on Friday. The stock’s fifty day moving average is $14.91 and its two-hundred day moving average is $14.36. The company has a market capitalization of $472.60 million, a P/E ratio of -46.12 and a beta of 1.81. Bandwidth Inc. has a 52 week low of $11.33 and a 52 week high of $23.00. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.64.

Bandwidth (NASDAQ:BAND) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. The company had revenue of $180.01 million for the quarter, compared to the consensus estimate of $178.87 million. Bandwidth had a positive return on equity of 1.43% and a negative net margin of 1.32%.Bandwidth’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts forecast that Bandwidth Inc. will post 0.22 earnings per share for the current year.

About Bandwidth

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.