Segall Bryant & Hamill LLC Has $2.08 Million Stock Holdings in Bandwidth Inc. (NASDAQ:BAND)

Segall Bryant & Hamill LLC raised its stake in Bandwidth Inc. (NASDAQ:BAND) by 260.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,087 shares of the company’s stock after buying an additional 88,198 shares during the period. Segall Bryant & Hamill LLC’s holdings in Bandwidth were worth $2,078,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quarry LP boosted its position in Bandwidth by 157.6% during the 3rd quarter. Quarry LP now owns 2,035 shares of the company’s stock worth $36,000 after buying an additional 1,245 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Bandwidth during the fourth quarter worth $69,000. Quest Partners LLC acquired a new position in shares of Bandwidth during the third quarter worth $118,000. one8zero8 LLC acquired a new stake in Bandwidth in the fourth quarter valued at $170,000. Finally, SG Americas Securities LLC raised its position in Bandwidth by 14.5% during the 4th quarter. SG Americas Securities LLC now owns 11,102 shares of the company’s stock worth $189,000 after purchasing an additional 1,407 shares during the last quarter. 68.53% of the stock is currently owned by institutional investors.

Bandwidth Price Performance

Shares of BAND opened at $14.22 on Friday. The firm has a market cap of $407.03 million, a PE ratio of -24.95 and a beta of 1.57. Bandwidth Inc. has a 52-week low of $13.51 and a 52-week high of $25.02. The business’s 50 day moving average price is $16.53 and its two-hundred day moving average price is $17.62. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.34 and a current ratio of 1.34.

Bandwidth (NASDAQ:BAND) last released its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.36). The company had revenue of $209.97 million for the quarter, compared to analyst estimates of $203.68 million. Bandwidth had a negative net margin of 0.87% and a positive return on equity of 0.53%. During the same quarter in the previous year, the firm earned $0.38 EPS. On average, equities analysts anticipate that Bandwidth Inc. will post 0.22 EPS for the current year.

Insider Transactions at Bandwidth

In other news, General Counsel Richard Brandon Asbill sold 5,629 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.70, for a total transaction of $88,375.30. Following the transaction, the general counsel now directly owns 57,475 shares of the company’s stock, valued at $902,357.50. This represents a 8.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Devin M. Krupka sold 3,770 shares of Bandwidth stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.70, for a total transaction of $59,189.00. Following the completion of the sale, the insider now directly owns 19,188 shares of the company’s stock, valued at approximately $301,251.60. The trade was a 16.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,510 shares of company stock valued at $1,109,806 in the last 90 days. 6.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BAND. Barclays decreased their price target on Bandwidth from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Morgan Stanley increased their target price on shares of Bandwidth from $17.00 to $18.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th. Needham & Company LLC restated a “hold” rating on shares of Bandwidth in a research report on Friday, February 21st. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $28.33.

About Bandwidth

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.