Bandwidth (NASDAQ:BAND) CEO Sells $252,041.20 in Stock

Bandwidth Inc. (NASDAQ:BAND) CEO David Morken sold 5,128 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $49.15, for a total value of $252,041.20. Following the completion of the transaction, the chief executive officer directly owned 6,702 shares in the company, valued at $329,403.30. This trade represents a 43.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bandwidth Price Performance

BAND stock opened at $47.09 on Friday. The firm has a market cap of $1.52 billion, a P/E ratio of -162.38 and a beta of 3.03. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.04 and a current ratio of 2.04. Bandwidth Inc. has a 1 year low of $12.50 and a 1 year high of $79.08. The stock has a 50-day simple moving average of $56.22 and a 200-day simple moving average of $41.88.

Bandwidth (NASDAQ:BAND) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.The firm had revenue of $219.90 million for the quarter, compared to analyst estimates of $217.62 million. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. 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, equities analysts predict that Bandwidth Inc. will post 0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bandwidth

Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its stake in Bandwidth by 183.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock worth $60,000 after purchasing an additional 2,445 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new position in Bandwidth in the second quarter worth $70,000. Raymond James Financial Inc. bought a new stake in Bandwidth during the second quarter valued at $85,000. Quantbot Technologies LP acquired a new stake in shares of Bandwidth during the second quarter worth $128,000. Finally, State of Wyoming raised its holdings in shares of Bandwidth by 104.6% during the fourth quarter. State of Wyoming now owns 8,756 shares of the company’s stock worth $135,000 after purchasing an additional 4,476 shares during the period. 68.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BAND shares. Needham & Company LLC reaffirmed a “buy” rating on shares of Bandwidth in a report on Thursday, August 20th. Weiss Ratings cut shares of Bandwidth from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. Citizens Jmp raised their target price on Bandwidth from $70.00 to $86.00 and gave the company a “market outperform” rating in a research note on Monday, July 20th. B. Riley Financial lifted their target price on Bandwidth from $55.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Zacks Research cut Bandwidth from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Bandwidth has a consensus rating of “Moderate Buy” and a consensus price target of $59.80.

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.