Bandwidth (NASDAQ:BAND) Insider Sells $59,913.85 in Stock

Bandwidth Inc. (NASDAQ:BAND) insider Devin Krupka sold 1,219 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $59,913.85. Following the transaction, the insider owned 15,032 shares in the company, valued at $738,822.80. This trade represents a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bandwidth Price Performance

BAND opened at $47.09 on Friday. The company has a 50-day moving average of $56.22 and a 200-day moving average of $41.88. The company has a market capitalization of $1.52 billion, a P/E ratio of -162.38 and a beta of 3.03. Bandwidth Inc. has a 1-year low of $12.50 and a 1-year high of $79.08. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.04 and a current ratio of 2.04.

Bandwidth (NASDAQ:BAND) last issued its earnings results on Wednesday, July 29th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The business had revenue of $219.90 million for the quarter, compared to analyst estimates of $217.62 million. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. Equities analysts expect that Bandwidth Inc. will post 0.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Bandwidth

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP grew its holdings in shares of Bandwidth by 138.9% during the second quarter. Wellington Management Group LLP now owns 911,893 shares of the company’s stock valued at $57,723,000 after purchasing an additional 530,182 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Bandwidth by 299.5% during the 1st 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 period. Bastion Asset Management Inc. bought a new stake in shares of Bandwidth in the 1st quarter worth approximately $6,592,000. CSM Advisors LLC bought a new stake in shares of Bandwidth in the 4th quarter worth approximately $5,342,000. Finally, AQR Capital Management LLC boosted its position in Bandwidth by 49.1% during the 2nd quarter. AQR Capital Management LLC now owns 587,305 shares of the company’s stock valued at $9,338,000 after purchasing an additional 193,398 shares during the period. 68.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BAND shares. Zacks Research downgraded Bandwidth from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Citigroup reiterated a “market outperform” rating on shares of Bandwidth in a report on Monday, July 20th. Weiss Ratings lowered Bandwidth from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. Wall Street Zen lowered Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 28th. Finally, Citizens Jmp raised their price objective on Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a research note on Monday, July 20th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.80.

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.