Bandwidth (NASDAQ:BAND) General Counsel Sells $90,042.80 in Stock

Bandwidth Inc. (NASDAQ:BAND) General Counsel Richard Asbill sold 1,832 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $49.15, for a total value of $90,042.80. Following the completion of the sale, the general counsel directly owned 7,550 shares of the company’s stock, valued at approximately $371,082.50. This represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Richard Brandon Asbill also recently made the following trade(s):

• On Friday, June 5th, Richard Asbill sold 29,214 shares of Bandwidth stock. The shares were sold at an average price of $72.03, for a total value of $2,104,284.42.

Bandwidth Price Performance

NASDAQ BAND opened at $47.09 on Friday. The company has a 50 day simple moving average of $56.22 and a 200-day simple moving average of $41.88. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -162.38 and a beta of 3.03. Bandwidth Inc. has a 52-week low of $12.50 and a 52-week high of $79.08.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The firm had revenue of $219.90 million for the quarter, compared to the consensus estimate of $217.62 million. Bandwidth’s revenue was up 22.2% compared to the same quarter last year. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. Equities research analysts predict that Bandwidth Inc. will post 0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. UBS Group AG boosted its stake in Bandwidth by 189.2% during the 4th quarter. UBS Group AG now owns 205,300 shares of the company’s stock valued at $3,172,000 after purchasing an additional 134,309 shares during the period. Bastion Asset Management Inc. bought a new position in Bandwidth in the 1st quarter worth approximately $6,592,000. Nano Cap New Millennium Growth Fund L P bought a new position in Bandwidth in the 4th quarter worth approximately $1,622,000. Walleye Capital LLC acquired a new position in shares of Bandwidth during the first quarter worth approximately $1,069,000. Finally, Arrowstreet Capital Limited Partnership lifted 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 during the last quarter. Institutional investors own 68.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on BAND shares. Zacks Research downgraded Bandwidth from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Weiss Ratings downgraded Bandwidth from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, August 27th. Piper Sandler lifted their price target on Bandwidth from $38.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Citigroup restated a “market outperform” rating on shares of Bandwidth in a report on Monday, July 20th. Finally, B. Riley Financial raised their price objective on shares of Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.80.

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.