97,742 Shares in Bandwidth Inc. $BAND Bought by Blue Trust Inc.

Blue Trust Inc. acquired a new stake in Bandwidth Inc. (NASDAQ:BAND) during the first quarter, HoldingsChannel reports. The fund acquired 97,742 shares of the company’s stock, valued at approximately $1,742,000.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in 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 buying an additional 2,445 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Bandwidth during the second quarter worth about $85,000. Quantbot Technologies LP purchased a new position in Bandwidth during the second quarter worth about $128,000. State of Wyoming lifted its position in Bandwidth by 104.6% in the fourth quarter. State of Wyoming now owns 8,756 shares of the company’s stock valued at $135,000 after purchasing an additional 4,476 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in 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 purchasing an additional 2,634 shares in the last quarter. 68.53% of the stock is owned by institutional investors and hedge funds.

Bandwidth Price Performance

Shares of NASDAQ:BAND opened at $52.32 on Friday. The business’s 50 day simple moving average is $49.30 and its 200-day simple moving average is $27.11. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -137.68 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. Bandwidth Inc. has a 12 month low of $12.50 and a 12 month high of $75.98.

Bandwidth (NASDAQ:BAND) last released 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. The firm had revenue of $208.78 million during the quarter, compared to the consensus estimate of $201.58 million. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.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, equities analysts forecast that Bandwidth Inc. will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO David A. Morken sold 4,632 shares of Bandwidth stock in a transaction on Friday, May 29th. The stock was sold at an average price of $58.85, for a total transaction of $272,593.20. Following the completion of the transaction, the chief executive officer owned 7,198 shares of the company’s stock, valued at $423,602.30. The trade was a 39.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Rebecca Bottorff sold 9,425 shares of the business’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 completion of the sale, the insider owned 50,535 shares in the company, valued at $2,289,235.50. This represents a 15.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 127,269 shares of company stock valued at $7,192,523. Company insiders own 5.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BAND shares. Citizens Jmp boosted their target price on Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Friday, May 15th. Needham & Company LLC upped their price objective on Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Zacks Research upgraded Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Citigroup reissued an “outperform” rating on shares of Bandwidth in a report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Bandwidth from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Bandwidth has a consensus rating of “Moderate Buy” and an average price target 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.