Bandwidth Inc. (NASDAQ:BAND – Get Free Report) insider Kade Ross sold 1,588 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 transaction of $93,453.80. Following the completion of the sale, the insider directly owned 47,996 shares of the company’s stock, valued at approximately $2,824,564.60. The trade was a 3.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Kade Ross also recently made the following trade(s):
- On Monday, May 11th, Kade Ross sold 20,000 shares of Bandwidth stock. The stock was sold at an average price of $51.56, for a total transaction of $1,031,200.00.
- On Thursday, April 30th, Kade Ross sold 10,000 shares of Bandwidth stock. The shares were sold at an average price of $31.59, for a total transaction of $315,900.00.
Bandwidth Stock Down 4.3%
BAND stock opened at $67.87 on Wednesday. The stock has a market capitalization of $2.17 billion, a P/E ratio of -178.61 and a beta of 2.93. The firm has a 50-day simple moving average of $34.21 and a 200-day simple moving average of $21.41. 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 Inc. has a 52 week low of $12.50 and a 52 week high of $72.80.
Analyst Ratings Changes
Several equities analysts have recently weighed in on BAND shares. Needham & Company LLC raised their target price on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Wall Street Zen downgraded Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Citizens Jmp raised their price objective on Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a report on Friday, May 15th. B. Riley Financial lifted 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. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a report on Monday, April 20th. One 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.25.
Read Our Latest Stock Analysis on Bandwidth
Trending Headlines about Bandwidth
Here are the key news stories impacting Bandwidth this week:
- Neutral Sentiment: Bandwidth’s recent quarterly earnings beat expectations, with EPS and revenue both topping analyst estimates, and management issued upbeat FY2026 and Q2 guidance.
- Neutral Sentiment: Several institutional investors increased their stakes in BAND, including Arrowstreet Capital and Portolan Capital Management, suggesting some professional buyers still see value in the name.
- Negative Sentiment: CEO David A. Morken, CFO Daryl E. Raiford, COO Devesh Agarwal, General Counsel Richard Brandon Asbill, and insiders Devin Krupka, Rebecca Bottorff, Kade Ross, and others all sold shares in recent transactions, signaling heavy insider selling. Article Title
- Negative Sentiment: The sales were made near recent highs in the high-$50s to mid-$60s, which may raise concerns that management views the stock as fully valued after its sharp run-up.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in shares of Bandwidth by 15.0% during the 2nd quarter. Rhumbline Advisers now owns 40,927 shares of the company’s stock worth $651,000 after purchasing an additional 5,324 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Bandwidth during the 2nd quarter worth $128,000. Arrowstreet Capital Limited Partnership boosted its stake in Bandwidth by 26.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 373,153 shares of the company’s stock worth $5,933,000 after buying an additional 78,360 shares during the period. Invesco Ltd. boosted its position in shares of Bandwidth by 4.7% during the 2nd quarter. Invesco Ltd. now owns 56,367 shares of the company’s stock worth $896,000 after purchasing an additional 2,532 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Bandwidth in the second quarter valued at $221,000. 68.53% of the stock is owned by hedge funds and other institutional investors.
Bandwidth Company Profile
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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