David Morken Sells 4,632 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND – Get Free Report) CEO David Morken sold 4,632 shares of the business’s stock in a transaction on 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 directly owned 7,198 shares of the company’s stock, valued at $423,602.30. This trade represents a 39.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Bandwidth Price Performance

Shares of BAND stock traded up $5.92 on Monday, hitting $70.89. 1,730,440 shares of the company’s stock were exchanged, compared to its average volume of 634,328. The company has a 50 day moving average of $33.10 and a 200 day moving average of $21.01. The stock has a market cap of $2.27 billion, a P/E ratio of -186.55 and a beta of 2.93. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. Bandwidth Inc. has a 12 month low of $12.50 and a 12 month high of $71.76.

Get Bandwidth alerts:

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC increased its position in shares of Bandwidth by 9.9% during the first quarter. Empowered Funds LLC now owns 154,432 shares of the company’s stock worth $2,752,000 after buying an additional 13,961 shares during the period. Quantinno Capital Management LP boosted its position in Bandwidth by 248.2% during the first quarter. Quantinno Capital Management LP now owns 76,836 shares of the company’s stock valued at $1,369,000 after acquiring an additional 54,771 shares during the last quarter. Renaissance Technologies LLC boosted its position in Bandwidth by 4.2% during the first quarter. Renaissance Technologies LLC now owns 644,981 shares of the company’s stock valued at $11,494,000 after acquiring an additional 26,081 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Bandwidth by 299.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock worth $12,268,000 after acquiring an additional 516,117 shares during the period. Finally, Walleye Capital LLC acquired a new stake in Bandwidth during the 1st quarter worth about $1,069,000. Institutional investors and hedge funds own 68.53% of the company’s stock.

Wall Street Analyst Weigh In

BAND has been the subject of a number of research analyst reports. Citigroup reiterated an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Zacks Research upgraded shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. B. Riley Financial boosted their target price on shares of Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Citizens Jmp upped their price target on shares of Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a report on Friday, May 15th. Finally, Wall Street Zen cut Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.25.

Check Out Our Latest Stock Analysis on BAND

About Bandwidth

(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.

Read More

• Five stocks we like better than Bandwidth
• Why These Three Big Buybacks Are Sending Very Different Signals to Investors
• Drone Stocks Soar As Pentagon Considers Funding, Including a Trump-Linked Name
• Braze Blazes Ahead on Q1 2027 Earnings Beat, Raised Guidance
• Are the 3 Newest Members of the $1 Trillion Market Cap Club the Latest Sign of an AI Bubble?

Receive News & Ratings for Bandwidth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bandwidth and related companies with MarketBeat.com's FREE daily email newsletter.