Bandwidth (NASDAQ:BAND) Insider Sells $93,453.80 in Stock

Bandwidth Inc. (NASDAQ:BAND) insider Kade Ross sold 1,588 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $58.85, for a total transaction of $93,453.80. Following the sale, the insider directly owned 47,996 shares of the company’s stock, valued at approximately $2,824,564.60. This represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 shares were sold at an average price of $51.56, for a total transaction of $1,031,200.00.
• On Thursday, April 30th, Kade Ross sold 10,000 shares of Bandwidth stock. The shares were sold at an average price of $31.59, for a total transaction of $315,900.00.

Bandwidth Stock Down 3.6%

BAND stock opened at $65.46 on Thursday. Bandwidth Inc. has a 12 month low of $12.50 and a 12 month high of $72.80. The firm has a market cap of $2.10 billion, a PE ratio of -172.26 and a beta of 2.93. The firm has a 50 day simple moving average of $36.23 and a 200 day simple moving average of $22.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on BAND shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Bandwidth in a research note on Monday, April 20th. Zacks Research raised shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Wall Street Zen lowered shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Citigroup reissued an “outperform” rating on shares of Bandwidth in a research note on Thursday, April 30th. Finally, Needham & Company LLC upped their price target on shares of Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. One research 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. Based on data from MarketBeat.com, Bandwidth currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.25.

Institutional Investors Weigh In On Bandwidth

Several hedge funds have recently made changes to their positions in the company. Empowered Funds LLC lifted its position 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 in the last quarter. Quantinno Capital Management LP lifted its position in shares of Bandwidth by 248.2% in the 1st quarter. Quantinno Capital Management LP now owns 76,836 shares of the company’s stock valued at $1,369,000 after acquiring an additional 54,771 shares in the last quarter. Renaissance Technologies LLC lifted its position 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 acquiring an additional 26,081 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Bandwidth by 299.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock valued at $12,268,000 after acquiring an additional 516,117 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of Bandwidth in the 1st quarter valued at approximately $1,069,000. Hedge funds and other institutional investors 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.