Bandwidth (NASDAQ:BAND) General Counsel Richard Brandon Asbill Sells 29,214 Shares of Stock

Posted by Stanley Muller on Jun 9th, 2026

Bandwidth Inc. (NASDAQ:BAND – Get Free Report) General Counsel Richard Brandon Asbill sold 29,214 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $72.03, for a total value of $2,104,284.42. Following the sale, the general counsel owned 3,000 shares of the company’s stock, valued at approximately $216,090. This represents a 90.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Richard Brandon Asbill also recently made the following trade(s):

On Friday, May 29th, Richard Brandon Asbill sold 1,781 shares of Bandwidth stock. The shares were sold at an average price of $58.85, for a total value of $104,811.85.

Bandwidth Stock Down 4.7%

Shares of NASDAQ BAND opened at $68.84 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The company has a market cap of $2.20 billion, a price-to-earnings ratio of -181.16 and a beta of 2.93. Bandwidth Inc. has a 12 month low of $12.50 and a 12 month high of $75.98. The stock has a 50-day moving average price of $39.50 and a two-hundred day moving average price of $23.35.

Bandwidth (NASDAQ:BAND – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The company had revenue of $208.78 million for the quarter, compared to the consensus estimate 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, analysts forecast that Bandwidth Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BAND shares. B. Riley Financial upped their price target on shares of Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Citigroup restated an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Wall Street Zen cut Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Zacks Research upgraded Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Bandwidth in a research note on Monday, April 20th. 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 stock. Based on data from MarketBeat.com, Bandwidth currently has an average rating of “Moderate Buy” and a consensus price target of $43.25.

Check Out Our Latest Analysis on BAND

Hedge Funds Weigh In On Bandwidth

Several large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its stake in shares of Bandwidth by 183.7% in 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. State of Wyoming acquired a new stake in Bandwidth in the third quarter valued at $71,000. Raymond James Financial Inc. bought a new position in Bandwidth during the 2nd quarter worth $85,000. Quantbot Technologies LP bought a new position in Bandwidth during the 2nd quarter worth $128,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in Bandwidth by 35.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock worth $157,000 after buying an additional 2,634 shares during the period. Institutional investors own 68.53% of the company’s stock.

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.