Bandwidth (NASDAQ:BAND) Insider Kade Ross Sells 20,000 Shares

Bandwidth Inc. (NASDAQ:BAND) insider Kade Ross sold 20,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $51.56, for a total transaction of $1,031,200.00. Following the transaction, the insider directly owned 43,894 shares in the company, valued at approximately $2,263,174.64. The trade was a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kade Ross also recently made the following trade(s):

• 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 Performance

BAND opened at $49.44 on Wednesday. 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 company has a market cap of $1.58 billion, a price-to-earnings ratio of -130.11 and a beta of 2.72. Bandwidth Inc. has a 52-week low of $12.50 and a 52-week high of $53.21. The firm’s fifty day simple moving average is $22.25 and its two-hundred day simple moving average is $17.20.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $201.58 million. Bandwidth had a negative net margin of 0.64% and a positive return on equity of 1.47%. Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. Equities analysts anticipate that Bandwidth Inc. will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Bandwidth

Several institutional investors and hedge funds have recently bought and sold shares of the business. Deutsche Bank AG increased its stake in Bandwidth by 6.0% in the 4th quarter. Deutsche Bank AG now owns 18,343 shares of the company’s stock valued at $283,000 after buying an additional 1,043 shares during the period. Principal Financial Group Inc. grew its stake in shares of Bandwidth by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 19,383 shares of the company’s stock worth $323,000 after purchasing an additional 1,114 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Bandwidth by 2.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 53,681 shares of the company’s stock worth $895,000 after purchasing an additional 1,129 shares during the period. Bailard Inc. grew its stake in shares of Bandwidth by 11.0% during the 3rd quarter. Bailard Inc. now owns 19,200 shares of the company’s stock worth $320,000 after purchasing an additional 1,900 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of Bandwidth by 3.6% during the 4th quarter. Franklin Resources Inc. now owns 58,141 shares of the company’s stock worth $898,000 after purchasing an additional 2,043 shares during the period. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on BAND. B. Riley Financial raised their price objective on shares of Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Citigroup reiterated an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Zacks Research upgraded shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. One 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’s stock. According to MarketBeat, Bandwidth presently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

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.