Bandwidth (NASDAQ:BAND) General Counsel Sells $104,811.85 in Stock

by · The Markets Daily

Bandwidth Inc. (NASDAQ:BAND – Get Free Report) General Counsel Richard Brandon Asbill sold 1,781 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $58.85, for a total transaction of $104,811.85. Following the transaction, the general counsel owned 32,214 shares in the company, valued at approximately $1,895,793.90. This trade represents a 5.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Bandwidth Price Performance

NASDAQ BAND traded up $5.92 on Monday, hitting $70.89. 1,730,440 shares of the company were exchanged, compared to its average volume of 634,328. The firm has a 50 day moving average of $33.10 and a two-hundred day moving average of $21.01. The company has a market cap of $2.27 billion, a P/E ratio of -186.55 and a beta of 2.93. 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.

Bandwidth (NASDAQ:BAND – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping 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. On average, equities analysts predict that Bandwidth Inc. will post 0.55 EPS for the current year.

Institutional Trading of Bandwidth

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC increased its stake in shares of Bandwidth by 9.9% in the 1st quarter. Empowered Funds LLC now owns 154,432 shares of the company’s stock valued at $2,752,000 after acquiring an additional 13,961 shares during the last quarter. Quantinno Capital Management LP increased its stake in Bandwidth by 248.2% during the 1st quarter. Quantinno Capital Management LP now owns 76,836 shares of the company’s stock worth $1,369,000 after purchasing an additional 54,771 shares in the last quarter. Renaissance Technologies LLC increased its stake in Bandwidth by 4.2% during the 1st quarter. Renaissance Technologies LLC now owns 644,981 shares of the company’s stock worth $11,494,000 after purchasing an additional 26,081 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in 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 in the last quarter. Finally, Walleye Capital LLC bought a new stake in Bandwidth during the 1st quarter worth approximately $1,069,000. 68.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BAND shares. Needham & Company LLC upped 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Bandwidth in a report on Monday, April 20th. Citigroup reissued an “outperform” rating on shares of Bandwidth in a report on Thursday, April 30th. Wall Street Zen cut Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.25.

Read Our Latest Report on BAND

About Bandwidth

(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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