Bandwidth Inc. (NASDAQ:BAND) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its holdings in Bandwidth Inc. (NASDAQ:BAND - Free Report) by 260.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,087 shares of the company's stock after purchasing an additional 88,198 shares during the period. Segall Bryant & Hamill LLC owned about 0.44% of Bandwidth worth $2,078,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Bandwidth by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 1,769,027 shares of the company's stock valued at $30,109,000 after buying an additional 73,623 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Bandwidth in the fourth quarter worth approximately $384,000. one8zero8 LLC purchased a new stake in shares of Bandwidth during the fourth quarter worth approximately $170,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Bandwidth by 61.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 524,586 shares of the company's stock valued at $8,928,000 after purchasing an additional 200,387 shares during the last quarter. Finally, AlphaQuest LLC lifted its holdings in Bandwidth by 162.1% in the 4th quarter. AlphaQuest LLC now owns 17,684 shares of the company's stock valued at $301,000 after purchasing an additional 10,936 shares in the last quarter. Hedge funds and other institutional investors own 68.53% of the company's stock.

Bandwidth Trading Down 0.9 %

NASDAQ BAND traded down $0.13 during trading hours on Monday, reaching $13.25. The company had a trading volume of 125,439 shares, compared to its average volume of 281,795. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $379.12 million, a P/E ratio of -23.28 and a beta of 1.57. The stock has a 50-day moving average of $16.49 and a 200 day moving average of $17.61. Bandwidth Inc. has a 1-year low of $12.83 and a 1-year high of $25.02.

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Bandwidth (NASDAQ:BAND - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.36). Bandwidth had a positive return on equity of 0.53% and a negative net margin of 0.87%. The company had revenue of $209.97 million for the quarter, compared to analysts' expectations of $203.68 million. During the same period in the previous year, the business posted $0.38 EPS. As a group, research analysts anticipate that Bandwidth Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on BAND. Needham & Company LLC reissued a "hold" rating on shares of Bandwidth in a research note on Friday, February 21st. Barclays reduced their price objective on Bandwidth from $25.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Morgan Stanley upped their price objective on shares of Bandwidth from $17.00 to $18.00 and gave the company an "underweight" rating in a report on Wednesday, December 18th. Finally, William Blair reaffirmed an "outperform" rating on shares of Bandwidth in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $28.33.

Insider Buying and Selling

In other news, CEO David A. Morken sold 2,777 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $17.39, for a total value of $48,292.03. Following the transaction, the chief executive officer now owns 109,783 shares of the company's stock, valued at approximately $1,909,126.37. The trade was a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Richard Brandon Asbill sold 9,878 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $15.24, for a total value of $150,540.72. Following the sale, the general counsel now directly owns 42,475 shares of the company's stock, valued at approximately $647,319. This represents a 18.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,510 shares of company stock worth $1,109,806 over the last 90 days. 6.20% of the stock is owned by insiders.

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.