Bandwidth (NASDAQ:BAND) CFO Daryl Raiford Sells 3,961 Shares of Stock

Bandwidth Inc. (NASDAQ:BAND) CFO Daryl Raiford sold 3,961 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $58.85, for a total transaction of $233,104.85. Following the completion of the sale, the chief financial officer owned 36,545 shares of the company’s stock, valued at approximately $2,150,673.25. The trade was a 9.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bandwidth Stock Up 9.1%

Bandwidth stock opened at $70.89 on Tuesday. Bandwidth Inc. has a 1-year low of $12.50 and a 1-year high of $71.76. The firm’s fifty day simple moving average is $34.21 and its 200-day simple moving average is $21.41. 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 company has a market capitalization of $2.27 billion, a P/E ratio of -186.55 and a beta of 2.72.

Bandwidth (NASDAQ:BAND) last posted its earnings results on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates 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. Sell-side analysts forecast that Bandwidth Inc. will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bandwidth

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup reiterated an “outperform” rating on shares of Bandwidth in a research note on Thursday, April 30th. Citizens Jmp raised their price target on shares of Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Friday, May 15th. Needham & Company LLC raised their price target on shares of Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research 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, Weiss Ratings restated a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. One investment 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 MarketBeat, Bandwidth has an average rating of “Moderate Buy” and a consensus price target of $43.25.

Trending Headlines about Bandwidth

Here are the key news stories impacting Bandwidth this week:

• Neutral Sentiment: A market note highlighted that Bandwidth shares had already surged sharply and were being watched as a potential momentum trade. Bandwidth (NASDAQ:BAND) Stock Price Up 10.2% – Time to Buy?
• Negative Sentiment: CEO David A. Morken sold 4,632 shares, CFO Daryl E. Raiford sold shares in two separate transactions, and other insiders including the COO, general counsel, and additional executives also sold stock. Insider selling can weigh on sentiment because it may signal management thinks the shares are fully valued after the recent run-up.
• Negative Sentiment: The sales were executed at prices around $58.85 to $64.15, suggesting insiders were willing to reduce holdings while the stock was trading near multiyear highs, which may add caution for traders despite the company’s recent strong earnings and upbeat guidance.

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.