Insider Selling: Bandwidth (NASDAQ:BAND) CFO Sells 3,961 Shares of Stock

Bandwidth Inc. (NASDAQ:BAND) CFO Daryl Raiford sold 3,961 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $58.85, for a total value of $233,104.85. Following the transaction, the chief financial officer owned 36,545 shares in the company, valued at $2,150,673.25. This represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Bandwidth Stock Performance

Bandwidth stock traded up $5.92 during trading hours on Monday, hitting $70.89. The stock had a trading volume of 1,730,440 shares, compared to its average volume of 634,328. The company has a 50-day moving average of $33.10 and a two-hundred day moving average of $21.01. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. Bandwidth Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $71.76. The company has a market cap of $2.27 billion, a PE ratio of -186.55 and a beta of 2.93.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. The company had revenue of $208.78 million for the quarter, compared to analyst estimates of $201.58 million. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. On average, equities research analysts anticipate that Bandwidth Inc. will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

BAND has been the topic of several analyst reports. Needham & Company LLC boosted their price target on shares of Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Wall Street Zen cut Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Citizens Jmp lifted their price objective on Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a research report on Friday, May 15th. B. Riley Financial increased their target price on Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.25.

Institutional Investors Weigh In On Bandwidth

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