Bandwidth (NASDAQ:BAND) Insider Sells $70,502.30 in Stock

Bandwidth Inc. (NASDAQ:BANDGet Free Report) insider Devin Krupka sold 1,198 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $58.85, for a total transaction of $70,502.30. Following the transaction, the insider directly owned 26,371 shares of the company’s stock, valued at $1,551,933.35. The trade was a 4.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bandwidth Price Performance

BAND stock opened at $65.46 on Thursday. The company has a fifty day moving average price of $36.23 and a 200-day moving average price of $22.15. The company has a market capitalization of $2.10 billion, a P/E ratio of -172.26 and a beta of 2.93. Bandwidth Inc. has a 52-week low of $12.50 and a 52-week high of $72.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94.

Bandwidth (NASDAQ:BANDGet Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. Bandwidth had a negative net margin of 0.64% and a positive return on equity of 1.47%. The business had revenue of $208.78 million during the quarter, compared to the consensus estimate of $201.58 million. 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 expect that Bandwidth Inc. will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

BAND has been the subject of a number of analyst reports. Zacks Research raised shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Bandwidth in a research note on Monday, April 20th. Citigroup reissued an “outperform” rating on shares of Bandwidth in a research note on Thursday, April 30th. Citizens Jmp lifted their target price on shares of Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Friday, May 15th. Finally, Needham & Company LLC lifted their target price on shares of Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Bandwidth presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.25.

View Our Latest Analysis on Bandwidth

Institutional Investors Weigh In On Bandwidth

A number of large investors have recently bought and sold shares of BAND. Rhumbline Advisers grew its holdings in Bandwidth by 15.0% in the second 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 period. Quantbot Technologies LP acquired a new stake in Bandwidth in the second quarter worth $128,000. Arrowstreet Capital Limited Partnership grew its holdings in Bandwidth by 26.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 373,153 shares of the company’s stock worth $5,933,000 after purchasing an additional 78,360 shares during the period. Invesco Ltd. grew its holdings in Bandwidth by 4.7% in the second 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 Bandwidth in the second quarter worth $221,000. 68.53% of the stock is currently owned by institutional investors and hedge funds.

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)

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.