Nano Cap New Millennium Growth Fund L P Invests $1.62 Million in Bandwidth Inc. $BAND

Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Bandwidth Inc. (NASDAQ:BAND) during the 4th quarter, HoldingsChannel reports. The firm purchased 105,000 shares of the company’s stock, valued at approximately $1,622,000. Bandwidth accounts for about 1.4% of Nano Cap New Millennium Growth Fund L P’s holdings, making the stock its 16th largest holding.

Other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of 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 during the last quarter. State of Wyoming acquired a new position in shares of Bandwidth during the 3rd quarter worth $71,000. Raymond James Financial Inc. acquired a new position in shares of Bandwidth during the 2nd quarter worth $85,000. Quantbot Technologies LP bought a new position in shares of Bandwidth in the 2nd quarter valued at approximately $128,000. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Bandwidth by 35.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock valued at $157,000 after acquiring an additional 2,634 shares in the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BAND. Weiss Ratings reissued a “sell (d-)” rating on shares of Bandwidth in a research note on Monday, April 20th. Wall Street Zen downgraded Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Citizens Jmp raised their price objective on Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a research note on Friday, May 15th. Needham & Company LLC raised their price objective on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, B. Riley Financial raised their price objective on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.25.

Bandwidth Stock Up 1.0%

Bandwidth stock opened at $58.54 on Friday. Bandwidth Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $59.65. 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 has a market cap of $1.87 billion, a price-to-earnings ratio of -154.05 and a beta of 2.72. The firm has a fifty day moving average price of $27.67 and a two-hundred day moving average price of $19.08.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.06. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.The company had revenue of $208.78 million during the quarter, compared to analysts’ expectations 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. As a group, analysts forecast that Bandwidth Inc. will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Daryl E. Raiford sold 16,100 shares of Bandwidth stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $15.19, for a total transaction of $244,559.00. Following the sale, the chief financial officer directly owned 36,645 shares of the company’s stock, valued at $556,637.55. This trade represents a 30.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Devesh Agarwal sold 15,000 shares of Bandwidth 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 trade represents a 19.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 107,551 shares of company stock valued at $4,183,156 over the last ninety days. 5.26% of the stock is owned by insiders.

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.