Insider Selling: Bandwidth (NASDAQ:BAND) Director Sells $73,560.00 in Stock

Bandwidth Inc. (NASDAQ:BAND) Director Lukas Roush sold 1,500 shares of Bandwidth stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $49.04, for a total transaction of $73,560.00. Following the completion of the transaction, the director directly owned 58,769 shares in the company, valued at approximately $2,882,031.76. The trade was a 2.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bandwidth Stock Up 0.4%

Shares of BAND stock traded up $0.16 during trading hours on Monday, hitting $43.50. 697,873 shares of the company were exchanged, compared to its average volume of 875,639. Bandwidth Inc. has a 52 week low of $12.50 and a 52 week high of $79.08. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.87. The business has a 50 day moving average of $52.53 and a two-hundred day moving average of $50.31. The company has a market capitalization of $1.40 billion, a PE ratio of -150.00, a PEG ratio of 3.78 and a beta of 3.01.

Bandwidth (NASDAQ:BAND) last announced its earnings results on Wednesday, July 29th. The company reported $0.37 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $217.62 million. The firm’s revenue was up 22.2% on a year-over-year basis. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. Analysts anticipate that Bandwidth Inc. will post 0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

BAND has been the topic of a number of recent research reports. Zacks Research lowered Bandwidth from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Citigroup reaffirmed a “market outperform” rating on shares of Bandwidth in a research note on Monday, July 20th. B. Riley Financial boosted their price objective on shares of Bandwidth from $55.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of Bandwidth from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings raised shares of Bandwidth from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $59.29.

Institutional Trading of Bandwidth

A number of hedge funds and other institutional investors have recently modified their holdings of BAND. Dimensional Fund Advisors LP increased its position in shares of Bandwidth by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,551,508 shares of the company’s stock worth $27,647,000 after purchasing an additional 91,812 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Bandwidth by 138.9% during the 2nd quarter. Wellington Management Group LLP now owns 911,893 shares of the company’s stock worth $57,723,000 after purchasing an additional 530,182 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of 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. Renaissance Technologies LLC boosted its holdings in shares of Bandwidth by 4.2% in the 1st quarter. Renaissance Technologies LLC now owns 644,981 shares of the company’s stock valued at $11,494,000 after buying an additional 26,081 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Bandwidth by 51.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 491,873 shares of the company’s stock valued at $8,765,000 after buying an additional 166,423 shares during the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.

Bandwidth Company Profile

Bandwidth Inc is a cloud communications company that provides application programming interfaces (APIs) and related services for businesses to build voice, messaging and emergency communications into their software and applications. Its platform is designed for enterprises, communications service providers and technology companies that need programmable communications capabilities.

The company’s offerings include voice calling, text messaging, toll-free and local phone numbers, authentication messaging, and 911 emergency services.