Bandwidth (NASDAQ:BAND) CFO Sells $271,226.20 in Stock

Bandwidth Inc. (NASDAQ:BAND) CFO Daryl Raiford sold 4,228 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $64.15, for a total value of $271,226.20. Following the completion of the sale, the chief financial officer owned 42,919 shares of the company’s stock, valued at approximately $2,753,253.85. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bandwidth Trading Down 3.6%

Shares of BAND stock opened at $65.46 on Thursday. 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 stock has a market cap of $2.10 billion, a P/E ratio of -172.26 and a beta of 2.93. The stock has a 50 day simple moving average of $36.23 and a 200 day simple moving average of $22.15. Bandwidth Inc. has a 1 year low of $12.50 and a 1 year high of $72.80.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. The business 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. On average, research analysts predict that Bandwidth Inc. will post 0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BAND. Wall Street Zen cut Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Needham & Company LLC upped their target price on Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Citigroup restated an “outperform” rating on shares of Bandwidth in a research note on Thursday, April 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Bandwidth in a research note on Monday, April 20th. Finally, Citizens Jmp upped their target price on Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Friday, May 15th. One 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.25.

Institutional Investors Weigh In On Bandwidth

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Bandwidth by 3.5% during the third quarter. Vanguard Group Inc. now owns 1,988,533 shares of the company’s stock worth $33,149,000 after purchasing an additional 67,428 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Bandwidth by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,551,508 shares of the company’s stock worth $27,647,000 after purchasing an additional 91,812 shares during the last quarter. Portolan Capital Management LLC lifted its stake in Bandwidth by 115.8% during the third quarter. Portolan Capital Management LLC now owns 745,802 shares of the company’s stock worth $12,433,000 after purchasing an additional 400,231 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Bandwidth by 299.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock worth $12,268,000 after purchasing an additional 516,117 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Bandwidth by 2.6% during the fourth quarter. State Street Corp now owns 649,426 shares of the company’s stock worth $10,034,000 after buying an additional 16,654 shares in the last quarter. 68.53% of the stock is currently owned by 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.