Bandwidth Inc. (NASDAQ:BAND) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC increased its holdings in shares of Bandwidth Inc. (NASDAQ:BANDFree Report) by 21.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,315 shares of the company’s stock after purchasing an additional 1,636 shares during the quarter. Headlands Technologies LLC’s holdings in Bandwidth were worth $105,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BAND. Capital Research Global Investors grew its position in shares of Bandwidth by 27.5% during the first quarter. Capital Research Global Investors now owns 2,324,883 shares of the company’s stock worth $75,303,000 after buying an additional 501,958 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Bandwidth by 7.6% during the first quarter. Vanguard Group Inc. now owns 2,013,470 shares of the company’s stock valued at $65,217,000 after purchasing an additional 142,078 shares in the last quarter. State Street Corp grew its holdings in Bandwidth by 23.1% during the second quarter. State Street Corp now owns 803,755 shares of the company’s stock worth $10,995,000 after acquiring an additional 150,877 shares during the period. Millennium Management LLC grew its holdings in Bandwidth by 395.6% during the fourth quarter. Millennium Management LLC now owns 729,722 shares of the company’s stock worth $16,747,000 after acquiring an additional 582,494 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Bandwidth by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 655,611 shares of the company’s stock worth $8,969,000 after acquiring an additional 20,553 shares during the period. Institutional investors and hedge funds own 69.32% of the company’s stock.

Insider Activity

In other news, COO Anthony Bartolo sold 5,412 shares of Bandwidth stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $11.30, for a total transaction of $61,155.60. Following the completion of the sale, the chief operating officer now directly owns 46,815 shares in the company, valued at approximately $529,009.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Anthony Bartolo sold 5,412 shares of Bandwidth stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $11.30, for a total transaction of $61,155.60. Following the completion of the sale, the chief operating officer now directly owns 46,815 shares in the company, valued at approximately $529,009.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Daryl Raiford sold 3,094 shares of Bandwidth stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $11.32, for a total value of $35,024.08. Following the sale, the chief financial officer now owns 31,159 shares of the company’s stock, valued at $352,719.88. The disclosure for this sale can be found here. Insiders sold a total of 26,492 shares of company stock worth $314,603 in the last three months. 5.80% of the stock is owned by insiders.

Bandwidth Price Performance

Shares of Bandwidth stock opened at $14.43 on Monday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.49. Bandwidth Inc. has a 52-week low of $9.34 and a 52-week high of $27.94. The stock has a 50-day simple moving average of $13.61 and a 200-day simple moving average of $12.77.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BAND. KeyCorp lifted their price target on Bandwidth from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. Piper Sandler decreased their price objective on Bandwidth from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. William Blair restated an “outperform” rating on shares of Bandwidth in a research report on Friday, November 3rd. Finally, Morgan Stanley decreased their price objective on Bandwidth from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, October 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Bandwidth currently has a consensus rating of “Moderate Buy” and an average price target of $20.13.

View Our Latest Stock Report on BAND

Bandwidth Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bandwidth (NASDAQ:BAND)

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