WINTON GROUP Ltd Sells 1,164 Shares of Bandwidth Inc. (NASDAQ:BAND)

WINTON GROUP Ltd reduced its position in Bandwidth Inc. (NASDAQ:BAND) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,204 shares of the company’s stock after selling 1,164 shares during the quarter. WINTON GROUP Ltd owned approximately 0.07% of Bandwidth worth $344,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Bandwidth by 70.3% in the 3rd quarter. FMR LLC now owns 371,215 shares of the company’s stock valued at $6,500,000 after buying an additional 153,223 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Bandwidth by 38.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 267,367 shares of the company’s stock valued at $4,682,000 after acquiring an additional 73,795 shares during the period. Geode Capital Management LLC raised its position in Bandwidth by 3.6% in the third quarter. Geode Capital Management LLC now owns 568,667 shares of the company’s stock worth $9,960,000 after purchasing an additional 19,832 shares in the last quarter. State Street Corp lifted its stake in Bandwidth by 3.7% during the third quarter. State Street Corp now owns 655,768 shares of the company’s stock worth $11,482,000 after purchasing an additional 23,352 shares during the period. Finally, Versor Investments LP boosted its holdings in Bandwidth by 136.1% during the fourth quarter. Versor Investments LP now owns 27,757 shares of the company’s stock valued at $472,000 after purchasing an additional 16,000 shares in the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.

Bandwidth Price Performance

Shares of BAND stock opened at $13.37 on Monday. Bandwidth Inc. has a 52 week low of $13.31 and a 52 week high of $25.02. The stock has a market capitalization of $382.70 million, a PE ratio of -23.46 and a beta of 1.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.34 and a current ratio of 1.34. The stock’s fifty day moving average is $16.49 and its 200-day moving average is $17.61.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.02 EPS 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 the consensus estimate of $203.68 million. During the same period in the prior year, the company earned $0.38 EPS. Equities research analysts expect that Bandwidth Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BAND shares. Barclays dropped their target price on Bandwidth from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, February 21st. William Blair reissued an “outperform” rating on shares of Bandwidth in a report on Friday, February 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Bandwidth in a report on Friday, February 21st. Finally, Morgan Stanley increased their target price on shares of Bandwidth from $17.00 to $18.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.33.

Insider Activity

In other news, General Counsel Richard Brandon Asbill sold 5,629 shares of the company’s stock in a transaction 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 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 legal filing with the SEC, which is available through this link. Also, CEO David A. Morken sold 2,777 shares of Bandwidth stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $17.39, for a total value of $48,292.03. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 70,510 shares of company stock valued at $1,109,806 over the last three months. 6.20% of the stock is owned by insiders.

Bandwidth 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.