BlackRock Updates Passive Stake in Bandwidth Inc. (BW)

Ticker: BAND · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, amendment, ownership-update

TL;DR

**BlackRock just updated its Bandwidth Inc. holdings, signaling its current passive investment stance.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Bandwidth Inc. common stock as of December 31, 2023. This filing, an amendment number 3, updates BlackRock's passive investment stake in Bandwidth Inc. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.

Why It Matters

This filing shows BlackRock's updated position in Bandwidth Inc., providing transparency into a significant institutional investor's holdings. It can influence market sentiment and investor confidence in Bandwidth Inc.'s stock.

Risk Assessment

Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.

Analyst Insight

Investors should note that BlackRock's continued passive ownership suggests a long-term, hands-off investment approach. While not a direct buy or sell signal, it indicates that a major institutional player maintains its position in Bandwidth Inc. Investors might consider this as a data point when evaluating the stock, but should not base decisions solely on this routine update.

Key Players & Entities

FAQ

What type of filing is this and what does it signify?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It signifies that BlackRock Inc., a passive institutional investor, is updating its ownership stake in Bandwidth Inc. as of December 31, 2023.

Who is the reporting person in this filing?

The reporting person is BlackRock Inc., a major asset management firm with a Central Index Key (CIK) of 0001364742.

What is the subject company whose shares are being reported?

The subject company is Bandwidth Inc., identified by CIK 0001514416, which operates in the prepackaged software services industry.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.

Under which rule is this Schedule 13G filed?

This Schedule 13G is filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.

From the Filing

0001086364-24-002066.txt : 20240124 0001086364-24-002066.hdr.sgml : 20240124 20240124094644 ACCESSION NUMBER: 0001086364-24-002066 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Bandwidth Inc. CENTRAL INDEX KEY: 0001514416 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90209 FILM NUMBER: 24554670 BUSINESS ADDRESS: STREET 1: 2230 BANDMATE WAY CITY: RALEIGH STATE: NC ZIP: 27607 BUSINESS PHONE: 800-808-5150 MAIL ADDRESS: STREET 1: 2230 BANDMATE WAY CITY: RALEIGH STATE: NC ZIP: 27607 FORMER COMPANY: FORMER CONFORMED NAME: Bandwidth.com, Inc. DATE OF NAME CHANGE: 20110303 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us05988j1034_012324.txt us05988j1034_012324.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3) Bandwidth Inc. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 05988J103 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 05988J103 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 2638222 (6) Shared voting power 0 (7) Sole dispositive power 2752570 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 2752570 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 11.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Bandwidth Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 2230 BANDMATE WAY RALEIGH NC 27606 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or,

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