Insider Selling: Bandwidth (NASDAQ:BAND) Insider Sells 2,176 Shares of Stock

by · The Markets Daily

Bandwidth Inc. (NASDAQ:BAND – Get Free Report) insider Rebecca Bottorff sold 2,176 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $58.85, for a total value of $128,057.60. Following the transaction, the insider directly owned 5,620 shares in the company, valued at $330,737. This trade represents a 27.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rebecca Bottorff also recently made the following trade(s):

  • On Monday, May 4th, Rebecca Bottorff sold 9,425 shares of Bandwidth stock. The shares were sold at an average price of $45.30, for a total value of $426,952.50.

Bandwidth Trading Up 9.1%

Shares of BAND traded up $5.92 during trading hours on Monday, hitting $70.89. 1,730,440 shares of the stock traded hands, compared to its average volume of 634,328. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. Bandwidth Inc. has a 1-year low of $12.50 and a 1-year high of $71.76. The firm has a market capitalization of $2.27 billion, a PE ratio of -186.55 and a beta of 2.93. The business has a fifty day moving average of $33.10 and a 200-day moving average of $21.01.

Bandwidth (NASDAQ:BAND – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The business had revenue of $208.78 million during the quarter, compared to the consensus estimate 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. Analysts expect that Bandwidth Inc. will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BAND. Zacks Research upgraded Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Citigroup reiterated an “outperform” rating on shares of Bandwidth in a report on Thursday, April 30th. Wall Street Zen downgraded Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. B. Riley Financial upped their price objective on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, Needham & Company LLC upped their price objective on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.25.

Get Our Latest Stock Analysis on BAND

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BAND. Arrowstreet Capital Limited Partnership grew its holdings in shares of 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 buying an additional 516,117 shares in the last quarter. Portolan Capital Management LLC grew its holdings in shares of 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 buying an additional 400,231 shares in the last quarter. Bastion Asset Management Inc. bought a new position in shares of Bandwidth during the first quarter worth about $6,592,000. CSM Advisors LLC bought a new position in shares of Bandwidth during the fourth quarter worth about $5,342,000. Finally, AQR Capital Management LLC grew its holdings in shares of Bandwidth by 49.1% during the second quarter. AQR Capital Management LLC now owns 587,305 shares of the company’s stock worth $9,338,000 after buying an additional 193,398 shares in the last quarter. 68.53% of the stock is currently owned by institutional investors.

Bandwidth Company Profile

(Get Free Report)

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.

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