EntryPoint Capital LLC Invests $262,000 in Bandwidth Inc. (NASDAQ:BAND)

EntryPoint Capital LLC bought a new stake in Bandwidth Inc. (NASDAQ:BAND) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 15,383 shares of the company’s stock, valued at approximately $262,000.

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

Insider Buying and Selling

In related news, General Counsel Richard Brandon Asbill sold 5,629 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.70, for a total value of $88,375.30. Following the sale, the general counsel now directly owns 57,475 shares in the company, valued at $902,357.50. The trade was a 8.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daryl Raiford sold 24,253 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $15.58, for a total transaction of $377,861.74. Following the transaction, the chief financial officer now owns 113,795 shares of the company’s stock, valued at $1,772,926.10. This trade represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,510 shares of company stock worth $1,109,806 in the last quarter. Company insiders own 6.20% of the company’s stock.

Bandwidth Price Performance

Shares of NASDAQ BAND opened at $13.37 on Friday. 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 Inc. has a one year low of $13.31 and a one year high of $25.02. The firm has a market capitalization of $382.70 million, a P/E ratio of -23.46 and a beta of 1.57. The company’s fifty day moving average is $16.49 and its two-hundred day moving average is $17.60.

Bandwidth (NASDAQ:BAND) last released 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 analysts’ expectations of $203.68 million. During the same period in the prior year, the firm posted $0.38 EPS. Analysts forecast that Bandwidth Inc. will post 0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BAND has been the subject of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Bandwidth in a report on Friday, February 21st. Morgan Stanley raised their target price on shares of Bandwidth from $17.00 to $18.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 18th. William Blair reiterated an “outperform” rating on shares of Bandwidth in a research note on Friday, February 21st. Finally, Barclays reduced their price objective on shares of Bandwidth from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $28.33.

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.