Bandwidth (NASDAQ:BAND) CEO Sells $272,593.20 in Stock

Bandwidth Inc. (NASDAQ:BAND) CEO David Morken sold 4,632 shares of Bandwidth stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $58.85, for a total value of $272,593.20. Following the transaction, the chief executive officer owned 7,198 shares of the company’s stock, valued at $423,602.30. The trade was a 39.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Bandwidth Stock Performance

Shares of BAND stock traded up $5.92 during trading on Monday, reaching $70.89. 1,730,440 shares of the company’s stock were exchanged, compared to its average volume of 634,328. Bandwidth Inc. has a twelve month low of $12.50 and a twelve month high of $71.76. The stock has a market capitalization of $2.27 billion, a PE ratio of -186.55 and a beta of 2.93. The firm’s fifty day moving average price is $33.10 and its 200-day moving average price is $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 (NASDAQ:BAND) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, beating 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 negative net margin of 0.64% and a positive return on equity of 1.47%. Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. As a group, sell-side analysts anticipate that Bandwidth Inc. will post 0.55 EPS for the current year.

Institutional Trading of Bandwidth

Large investors have recently modified their holdings of the stock. UBS Group AG lifted its holdings in shares of Bandwidth by 189.2% during the 4th quarter. UBS Group AG now owns 205,300 shares of the company’s stock worth $3,172,000 after acquiring an additional 134,309 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new position in Bandwidth in the fourth quarter valued at approximately $1,622,000. GSA Capital Partners LLP bought a new position in Bandwidth in the third quarter valued at approximately $1,100,000. Portolan Capital Management LLC raised its position in Bandwidth by 115.8% during the third quarter. Portolan Capital Management LLC now owns 745,802 shares of the company’s stock valued at $12,433,000 after purchasing an additional 400,231 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Bandwidth by 51.1% during the first quarter. Assenagon Asset Management S.A. now owns 491,873 shares of the company’s stock valued at $8,765,000 after purchasing an additional 166,423 shares in the last quarter. 68.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on BAND. B. Riley Financial upped their price objective on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, April 17th. Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Citizens Jmp boosted their target price on shares of Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a research report on Friday, May 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Bandwidth in a research note on Monday, April 20th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.25.

About Bandwidth

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.