Bandwidth (NASDAQ:BAND) Shares Gap Down – Here’s What Happened

Bandwidth Inc. (NASDAQ:BAND) gapped down prior to trading on Monday . The stock had previously closed at $65.34, but opened at $59.56. Bandwidth shares last traded at $58.1910, with a volume of 359,854 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Citizens Jmp boosted their price target on shares of Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a research report on Friday, May 15th. Citigroup restated an “outperform” rating on shares of Bandwidth in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Wall Street Zen lowered shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.25.

Bandwidth Price Performance

The company has a 50-day moving average of $44.52 and a 200-day moving average of $25.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -136.26 and a beta of 2.93.

Bandwidth (NASDAQ:BAND) last announced its earnings results on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.06. The company had revenue of $208.78 million for 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. As a group, equities research analysts predict that Bandwidth Inc. will post 0.55 earnings per share for the current year.

Insider Transactions at Bandwidth

In other Bandwidth news, COO Devesh Agarwal sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $57.24, for a total value of $858,600.00. Following the transaction, the chief operating officer directly owned 61,414 shares of the company’s stock, valued at approximately $3,515,337.36. The trade was a 19.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Richard Brandon Asbill sold 29,214 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $72.03, for a total transaction of $2,104,284.42. Following the transaction, the general counsel owned 3,000 shares of the company’s stock, valued at approximately $216,090. The trade was a 90.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 127,269 shares of company stock worth $7,192,523 over the last quarter. 5.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bandwidth

A number of hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in Bandwidth by 183.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock worth $60,000 after purchasing an additional 2,445 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Bandwidth in the 2nd quarter valued at approximately $85,000. Quantbot Technologies LP purchased a new stake in shares of Bandwidth in the second quarter valued at approximately $128,000. State of Wyoming boosted its stake in shares of Bandwidth by 104.6% in the fourth quarter. State of Wyoming now owns 8,756 shares of the company’s stock valued at $135,000 after buying an additional 4,476 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Bandwidth by 35.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock worth $157,000 after acquiring an additional 2,634 shares during the period. Institutional investors and hedge funds own 68.53% of the company’s stock.

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.