Bandwidth (NASDAQ:BAND) General Counsel Sells $2,104,284.42 in Stock

Bandwidth Inc. (NASDAQ:BAND) General Counsel Richard Brandon Asbill sold 29,214 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $72.03, for a total transaction of $2,104,284.42. Following the completion of the transaction, the general counsel owned 3,000 shares in the company, valued at $216,090. This trade represents a 90.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Richard Brandon Asbill also recently made the following trade(s):

• On Friday, May 29th, Richard Brandon Asbill sold 1,781 shares of Bandwidth stock. The stock was sold at an average price of $58.85, for a total transaction of $104,811.85.

Bandwidth Trading Down 6.4%

BAND opened at $59.31 on Thursday. Bandwidth Inc. has a twelve month low of $12.50 and a twelve month high of $75.98. The company has a 50-day simple moving average of $41.27 and a 200 day simple moving average of $24.03. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -156.08 and a beta of 2.93.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations 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. Analysts predict that Bandwidth Inc. will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BAND shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Citizens Jmp increased their target price 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. Needham & Company LLC increased their target price on shares of Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Zacks Research upgraded shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Bandwidth currently has an average rating of “Moderate Buy” and a consensus target price of $43.25.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Bandwidth by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,988,533 shares of the company’s stock valued at $33,149,000 after buying an additional 67,428 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Bandwidth by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,551,508 shares of the company’s stock valued at $27,647,000 after buying an additional 91,812 shares during the last quarter. Portolan Capital Management LLC raised its holdings in Bandwidth by 115.8% in the 3rd quarter. Portolan Capital Management LLC now owns 745,802 shares of the company’s stock valued at $12,433,000 after buying an additional 400,231 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Bandwidth by 299.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock valued at $12,268,000 after buying an additional 516,117 shares during the last quarter. Finally, State Street Corp raised its holdings in Bandwidth by 2.6% in the 4th quarter. State Street Corp now owns 649,426 shares of the company’s stock valued at $10,034,000 after buying an additional 16,654 shares during the last quarter. Institutional investors own 68.53% of the company’s stock.

About Bandwidth

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.