Bandwidth (NASDAQ:BAND) CFO Daryl Raiford Sells 3,961 Shares

Bandwidth Inc. (NASDAQ:BAND – Get Free Report) CFO Daryl Raiford sold 3,961 shares of the company’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 completion of the sale, the chief financial officer owned 36,545 shares of the company’s stock, valued at $2,150,673.25. This represents a 9.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Bandwidth Trading Up 9.1%

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

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

Analyst Upgrades and Downgrades

BAND has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Citigroup reaffirmed an “outperform” rating on shares of Bandwidth in a research note on Thursday, April 30th. Citizens Jmp lifted their target price on Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a report on Friday, May 15th. Needham & Company LLC increased their price target on Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, B. Riley Financial raised their price target on Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.25.

Check Out Our Latest Analysis on Bandwidth

Hedge Funds Weigh In On Bandwidth

Several hedge funds have recently made changes to their positions in BAND. Deutsche Bank AG raised its holdings in shares of Bandwidth by 6.0% in the fourth quarter. Deutsche Bank AG now owns 18,343 shares of the company’s stock valued at $283,000 after purchasing an additional 1,043 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Bandwidth by 6.1% in the third quarter. Principal Financial Group Inc. now owns 19,383 shares of the company’s stock worth $323,000 after purchasing an additional 1,114 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Bandwidth by 2.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 53,681 shares of the company’s stock worth $895,000 after purchasing an additional 1,129 shares during the last quarter. Franklin Resources Inc. grew its position in Bandwidth by 3.6% in the fourth quarter. Franklin Resources Inc. now owns 58,141 shares of the company’s stock valued at $898,000 after purchasing an additional 2,043 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Bandwidth by 8.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,896 shares of the company’s stock valued at $462,000 after purchasing an additional 2,250 shares in the last quarter. 68.53% of the stock is owned by institutional investors.

About Bandwidth

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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.

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