Bandwidth (NASDAQ:BAND) CFO Sells 4,673 Shares

Bandwidth Inc. (NASDAQ:BAND) CFO Daryl Raiford sold 4,673 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $49.15, for a total transaction of $229,677.95. Following the completion of the sale, the chief financial officer directly owned 35,832 shares of the company’s stock, valued at $1,761,142.80. This represents a 11.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Bandwidth Stock Up 4.9%

Shares of BAND traded up $2.36 during mid-day trading on Tuesday, hitting $50.79. 900,407 shares of the company’s stock were exchanged, compared to its average volume of 873,670. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -175.14 and a beta of 2.96. The firm has a fifty day moving average of $56.46 and a two-hundred day moving average of $41.13. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.87. Bandwidth Inc. has a twelve month low of $12.50 and a twelve month high of $79.08.

Bandwidth (NASDAQ:BAND) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $219.90 million during the quarter, compared to analyst estimates of $217.62 million. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The business’s revenue was up 22.2% on a year-over-year basis. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. On average, sell-side analysts forecast that Bandwidth Inc. will post 0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BAND. Piper Sandler upped their price target on Bandwidth from $38.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. B. Riley Financial boosted their target price on Bandwidth from $55.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Wall Street Zen cut Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 28th. Weiss Ratings downgraded Bandwidth from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Finally, Needham & Company LLC reissued a “buy” rating on shares of Bandwidth in a research report on Thursday, August 20th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.80.

Hedge Funds Weigh In On Bandwidth

A number of institutional investors have recently made changes to their positions in the business. Rhumbline Advisers lifted its position in shares of Bandwidth by 15.0% during the 2nd quarter. Rhumbline Advisers now owns 40,927 shares of the company’s stock worth $651,000 after purchasing an additional 5,324 shares during the last quarter. Quantbot Technologies LP bought a new stake in Bandwidth during the 2nd quarter valued at approximately $128,000. Arrowstreet Capital Limited Partnership grew its holdings in Bandwidth by 26.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 373,153 shares of the company’s stock valued at $5,933,000 after buying an additional 78,360 shares during the last quarter. Invesco Ltd. increased its position in Bandwidth by 4.7% in the 2nd quarter. Invesco Ltd. now owns 56,367 shares of the company’s stock worth $896,000 after buying an additional 2,532 shares during the period. Finally, Jump Financial LLC bought a new position in Bandwidth in the 2nd quarter worth approximately $221,000. 68.53% of the stock is currently owned by institutional investors.

Bandwidth Company Profile

Bandwidth Inc operates a cloud-based communications platform that provides voice, messaging and emergency services APIs for enterprises and developers. Through its proprietary network and software-as-a-service model, the company enables customers to integrate programmable voice calls, text messaging and 9-1-1 routing into their applications. Bandwidth’s solutions aim to reduce complexity and improve reliability in mission-critical communications, serving industries such as healthcare, financial services, on-demand mobility and customer engagement.

Founded in 1999 in Raleigh, North Carolina by co-founders David Morken and Henry Kaestner, Bandwidth initially focused on voice-over-IP infrastructure before evolving into a full communications API provider.