Insider Selling: Bandwidth (NASDAQ:BAND) Insider Sells 1,588 Shares of Stock

Bandwidth Inc. (NASDAQ:BAND) insider Kade Ross sold 1,588 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $58.85, for a total value of $93,453.80. Following the completion of the sale, the insider directly owned 47,996 shares of the company’s stock, valued at $2,824,564.60. The trade was a 3.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kade Ross also recently made the following trade(s):

• On Monday, May 11th, Kade Ross sold 20,000 shares of Bandwidth stock. The stock was sold at an average price of $51.56, for a total value of $1,031,200.00.
• On Thursday, April 30th, Kade Ross sold 10,000 shares of Bandwidth stock. The stock was sold at an average price of $31.59, for a total value of $315,900.00.

Bandwidth Stock Up 9.1%

Shares of Bandwidth stock traded up $5.92 during trading on Monday, reaching $70.89. The company’s stock had a trading volume of 1,730,440 shares, compared to its average volume of 634,328. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The company has a market cap of $2.27 billion, a price-to-earnings ratio of -186.55 and a beta of 2.93. Bandwidth Inc. has a 1-year low of $12.50 and a 1-year high of $71.76. The company has a 50-day simple moving average of $33.10 and a two-hundred day simple moving average of $21.01.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.The company had revenue of $208.78 million during the quarter, compared to analysts’ expectations of $201.58 million. 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 analysts forecast that Bandwidth Inc. will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On Bandwidth

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its stake in shares of Bandwidth by 183.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock valued at $60,000 after purchasing an additional 2,445 shares in the last quarter. State of Wyoming purchased a new stake in Bandwidth during the 3rd quarter worth approximately $71,000. Raymond James Financial Inc. purchased a new stake in Bandwidth during the 2nd quarter worth approximately $85,000. Quantbot Technologies LP purchased a new stake in Bandwidth during the 2nd quarter worth approximately $128,000. Finally, AlphaQuest LLC increased its stake in Bandwidth by 29.1% during the 3rd quarter. AlphaQuest LLC now owns 10,139 shares of the company’s stock worth $169,000 after buying an additional 2,288 shares in the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BAND has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Citizens Jmp lifted their price target on Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Friday, May 15th. Needham & Company LLC lifted their price objective on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Wall Street Zen lowered Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, B. Riley Financial lifted their price objective on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.25.

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.