Bandwidth (NASDAQ:BAND) Insider Sells $1,031,200.00 in Stock

Bandwidth Inc. (NASDAQ:BANDGet Free Report) insider Kade Ross sold 20,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $51.56, for a total transaction of $1,031,200.00. Following the transaction, the insider owned 43,894 shares in the company, valued at approximately $2,263,174.64. The trade was a 31.30% 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kade Ross also recently made the following trade(s):

  • On Thursday, April 30th, Kade Ross sold 10,000 shares of Bandwidth stock. The stock was sold at an average price of $31.59, for a total transaction of $315,900.00.

Bandwidth Trading Up 2.1%

Shares of BAND stock opened at $52.10 on Friday. The firm has a market cap of $1.67 billion, a P/E ratio of -137.11 and a beta of 2.72. Bandwidth Inc. has a 1-year low of $12.50 and a 1-year high of $53.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s 50-day simple moving average is $23.70 and its 200-day simple moving average is $17.69.

Bandwidth (NASDAQ:BANDGet Free Report) 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 business 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, equities analysts forecast that Bandwidth Inc. will post 0.55 EPS for the current year.

Institutional Trading of Bandwidth

Hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new stake in shares of Bandwidth during the third quarter worth approximately $1,100,000. Portolan Capital Management LLC grew its position in shares of Bandwidth by 115.8% during the third quarter. Portolan Capital Management LLC now owns 745,802 shares of the company’s stock worth $12,433,000 after buying an additional 400,231 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Bandwidth by 8.3% during the fourth quarter. Hsbc Holdings PLC now owns 61,239 shares of the company’s stock worth $950,000 after buying an additional 4,686 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Bandwidth by 51.1% during the first quarter. Assenagon Asset Management S.A. now owns 491,873 shares of the company’s stock worth $8,765,000 after buying an additional 166,423 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of Bandwidth during the first quarter worth approximately $184,000. Institutional investors and hedge funds own 68.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BAND. Needham & Company LLC raised 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. Citigroup restated an “outperform” rating on shares of Bandwidth in a report on Thursday, April 30th. B. Riley Financial raised their price target on shares of Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, April 17th. Wall Street Zen upgraded shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Bandwidth in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

Read Our Latest Analysis on Bandwidth

Bandwidth Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Bandwidth (NASDAQ:BAND)

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