Assenagon Asset Management S.A. Buys 11,074 Shares of Bandwidth Inc. $BAND

Assenagon Asset Management S.A. increased its position in Bandwidth Inc. (NASDAQ:BAND) by 6.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,318 shares of the company’s stock after acquiring an additional 11,074 shares during the quarter. Assenagon Asset Management S.A. owned about 0.64% of Bandwidth worth $3,042,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BAND. Allspring Global Investments Holdings LLC increased its stake in shares of Bandwidth by 53.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 21,876 shares of the company’s stock worth $287,000 after purchasing an additional 7,661 shares in the last quarter. CWM LLC boosted its holdings in Bandwidth by 326.8% in the 1st quarter. CWM LLC now owns 7,460 shares of the company’s stock worth $98,000 after buying an additional 5,712 shares during the period. Two Sigma Investments LP boosted its holdings in Bandwidth by 8.9% in the 4th quarter. Two Sigma Investments LP now owns 108,338 shares of the company’s stock worth $1,844,000 after buying an additional 8,813 shares during the period. Nuveen LLC purchased a new stake in Bandwidth in the 1st quarter worth $7,916,000. Finally, AQR Capital Management LLC raised its holdings in Bandwidth by 303.1% during the first quarter. AQR Capital Management LLC now owns 393,907 shares of the company’s stock valued at $5,160,000 after acquiring an additional 296,199 shares during the period. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Insider Activity

In related news, CFO Daryl Raiford sold 19,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $15.50, for a total value of $294,500.00. Following the sale, the chief financial officer directly owned 109,538 shares of the company’s stock, valued at $1,697,839. This represents a 14.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Devesh Agarwal sold 2,132 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $13.30, for a total transaction of $28,355.60. Following the completion of the sale, the chief operating officer directly owned 62,927 shares of the company’s stock, valued at approximately $836,929.10. The trade was a 3.28% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,077 shares of company stock valued at $1,139,601. 6.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BAND has been the subject of a number of recent analyst reports. Wall Street Zen raised Bandwidth from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Bandwidth in a report on Friday, June 13th. Finally, Wedbush reiterated an “outperform” rating on shares of Bandwidth in a research report on Wednesday, September 17th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Bandwidth currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.80.

Bandwidth Price Performance

NASDAQ:BAND opened at $17.42 on Friday. The firm has a market capitalization of $525.04 million, a price-to-earnings ratio of -51.23 and a beta of 1.81. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.31 and a quick ratio of 1.31. The business has a 50 day simple moving average of $15.20 and a 200-day simple moving average of $14.44. Bandwidth Inc. has a 1 year low of $11.33 and a 1 year high of $23.00.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $178.87 million. During the same period last year, the company earned $0.29 earnings per share. Bandwidth’s revenue was up 3.4% on a year-over-year basis. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts forecast that Bandwidth Inc. will post 0.22 EPS for the current year.

Bandwidth Company Profile

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.