Richard Brandon Asbill Sells 29,214 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) General Counsel Richard Brandon Asbill sold 29,214 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $72.03, for a total transaction of $2,104,284.42. Following the completion of the transaction, the general counsel directly owned 3,000 shares in the company, valued at $216,090. The trade was a 90.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, May 29th, Richard Brandon Asbill sold 1,781 shares of Bandwidth stock. The shares were sold at an average price of $58.85, for a total transaction of $104,811.85.

Bandwidth Stock Performance

Shares of BAND traded down $3.36 during trading hours on Monday, hitting $68.84. The company had a trading volume of 1,083,812 shares, compared to its average volume of 662,101. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -181.16 and a beta of 2.93. The business has a fifty day moving average of $38.47 and a 200-day moving average of $22.97. Bandwidth Inc. has a 12 month low of $12.50 and a 12 month high of $75.98. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37.

Bandwidth (NASDAQ:BAND) last released 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 negative net margin of 0.64% and a positive return on equity of 1.47%. The business had revenue of $208.78 million for 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 analysts anticipate that Bandwidth Inc. will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BAND shares. Zacks Research raised shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Citizens Jmp raised their price target on shares of Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Friday, May 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Citigroup reaffirmed an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Finally, Needham & Company LLC raised their price target on shares of Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.25.

Institutional Investors Weigh In On Bandwidth

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Bandwidth by 3.5% during the third quarter. Vanguard Group Inc. now owns 1,988,533 shares of the company’s stock worth $33,149,000 after buying an additional 67,428 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Bandwidth by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,551,508 shares of the company’s stock worth $27,647,000 after buying an additional 91,812 shares in the last quarter. Portolan Capital Management LLC grew its stake in Bandwidth by 115.8% during the third quarter. Portolan Capital Management LLC now owns 745,802 shares of the company’s stock worth $12,433,000 after buying an additional 400,231 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in 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 in the last quarter. Finally, State Street Corp grew its stake in Bandwidth by 2.6% during the fourth quarter. State Street Corp now owns 649,426 shares of the company’s stock worth $10,034,000 after buying an additional 16,654 shares in the last quarter. 68.53% of the stock is currently owned by institutional investors and hedge funds.

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.