Bandwidth Inc. (NASDAQ:BAND) has made a 156.86% comeback from a 12-month low price of $27.75. It was seen 3.98% higher, changing the price to $71.28, when the closing bell rang on 4/10/2019. At a recent session, the prices were hovering between $68.205 and $72.48. This company shares are -11.15% up from its target price of $63.33 and the current market capitalization stands at $1.41B. The recent change has given its price a 22.31% lead over SMA 50 and 2.12% lead over its 52-week high. The stock witnessed 9.33% gains, 69.88% gains and 31.54% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BAND’s volatility during a week at 3.81% and during a month it has been found around 4.17%.

Bandwidth Inc. (BAND) Top Holders

Institutional investors currently hold around $587 million or 69.5% in BAND stock. Look at its top three institutional owners: Bank Of New York Mellon Corp owns $71 million in Bandwidth Inc., which represents roughly 5.04% of the company’s market cap and approximately 12.1% of the institutional ownership. Similar statistics are true for the second largest owner, Portolan Capital Management, Llc, which owns 698,439 shares of the stock are valued at $47.88 million. The third largest holder is Summit Partners Public Asset Management, Llc, which currently holds $45.85 million worth of this stock and that ownership represents nearly 3.25% of its market capitalization.

Bandwidth Inc. 13F Filings

At the end of December reporting period, 49 institutional holders increased their position in Bandwidth Inc. (NASDAQ:BAND) by some 1,788,622 shares, 43 decreased positions by 826,914 and 7 held positions by 5,953,377. That puts total institutional holdings at 8,568,913 shares, according to SEC filings. The stock grabbed 25 new institutional investments totaling 1,122,181 shares while 14 institutional investors sold out their entire positions totaling 263,063 shares.

Bandwidth Inc. (NASDAQ:BAND) Insider Trades

Multiple company employees have indulged in significant insider trading. Bandwidth Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Bailey Brian D. has sold 20,000 shares of Bandwidth Inc. (BAND) in the trading session dated Apr. 08, 2019. These shares are worth $1,338,600 and were traded at $66.93 each. The SEC filing shows that Bailey Brian D. performed a sale of 20,000 shares. The Director disposed these shares by way of transaction on Apr. 04, 2019. The company’s shares were given away at $67.82 per share worth to an income of some $1,356,400 to the account of Bailey Brian D..

Director, Bailey Brian D., sold 20,000 common shares of Bandwidth Inc. (BAND) in the open market. In a transaction dated Apr. 02, 2019, the shares were put up for sale at an average price of $66.14, raking in a sum of $1,322,800. After this sale, 95,058 common shares of BAND are directly owned by the insider, with total stake valued at $6,775,734.

In the transaction dated Mar. 29, 2019, a great number of shares sold came courtesy the Director; Bailey Brian D. disposed a total of 20,000 shares at an average price of $66.37, amounting to approximately $1,327,400. The insider now directly owns 114,604 shares worth $8,168,973.

Bandwidth Inc. (BAND) Analyst Guide

Several analysts have released their opinion on Bandwidth Inc. (NASDAQ:BAND), with 2 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.83 average brokerage recommendation [T1].