Globeflex Capital L P Makes New Investment in Bandwidth Inc. $BAND

Globeflex Capital L P purchased a new stake in Bandwidth Inc. (NASDAQ:BAND) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 45,268 shares of the company’s stock, valued at approximately $2,865,000. Globeflex Capital L P owned about 0.14% of Bandwidth as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in BAND. Tower Research Capital LLC TRC increased its stake in Bandwidth by 183.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock valued at $60,000 after purchasing an additional 2,445 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Bandwidth in the 2nd quarter worth about $85,000. Quantbot Technologies LP acquired a new stake in Bandwidth in the 2nd quarter worth about $128,000. State of Wyoming boosted its stake in Bandwidth by 104.6% in the 4th quarter. State of Wyoming now owns 8,756 shares of the company’s stock worth $135,000 after buying an additional 4,476 shares during the last quarter. Finally, Diversified Trust Co purchased a new stake in Bandwidth in the 1st quarter valued at about $184,000. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Bandwidth Price Performance

BAND stock opened at $47.52 on Monday. The company has a market cap of $1.53 billion, a PE ratio of -163.86 and a beta of 2.96. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average price of $56.86 and a two-hundred day moving average price of $39.66. Bandwidth Inc. has a 12-month low of $12.50 and a 12-month high of $79.08.

Bandwidth (NASDAQ:BAND) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $219.90 million for the quarter, compared to the consensus estimate of $217.62 million. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.Bandwidth’s revenue for the quarter was up 22.2% on a year-over-year basis. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. As a group, research analysts predict that Bandwidth Inc. will post 0.65 EPS for the current year.

Insider Transactions at Bandwidth

In other Bandwidth news, General Counsel Richard Brandon Asbill sold 29,214 shares of Bandwidth stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $72.03, for a total transaction of $2,104,284.42. Following the transaction, the general counsel directly owned 3,000 shares of the company’s stock, valued at $216,090. The trade was a 90.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Daryl E. Raiford sold 4,228 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $64.15, for a total transaction of $271,226.20. Following the sale, the chief financial officer owned 42,919 shares of the company’s stock, valued at approximately $2,753,253.85. This represents a 8.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,844 shares of company stock valued at $3,517,318 in the last three months. 5.26% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 28th. Piper Sandler boosted their target price on shares of Bandwidth from $38.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday. Citizens Jmp boosted their target price on shares of Bandwidth from $70.00 to $86.00 and gave the company a “market outperform” rating in a report on Monday, July 20th. Needham & Company LLC reaffirmed a “buy” rating on shares of Bandwidth in a research report on Thursday. Finally, Zacks Research downgraded shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $59.80.

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.