Richard Brandon Asbill Sells 1,832 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) General Counsel Richard Brandon Asbill sold 1,832 shares of Bandwidth stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $49.15, for a total value of $90,042.80. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

Bandwidth Price Performance

Bandwidth stock opened at $47.55 on Thursday. The company’s 50 day moving average is $56.33 and its two-hundred day moving average is $41.64. The firm has a market cap of $1.53 billion, a PE ratio of -163.97 and a beta of 3.03. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.87. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $219.90 million for the quarter, compared to analysts’ expectations of $217.62 million. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.Bandwidth’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. On average, research analysts expect that Bandwidth Inc. will post 0.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its holdings in shares of Bandwidth by 189.2% in the fourth quarter. UBS Group AG now owns 205,300 shares of the company’s stock valued at $3,172,000 after acquiring an additional 134,309 shares during the period. Bastion Asset Management Inc. acquired a new stake in shares of Bandwidth during the first quarter worth about $6,592,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in Bandwidth during the 4th quarter worth approximately $1,622,000. Walleye Capital LLC acquired a new stake in shares of Bandwidth during the first quarter worth $1,069,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Bandwidth by 299.5% in the first 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. Institutional investors and hedge funds own 68.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on BAND. Citizens Jmp lifted their price objective on shares of Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a research report on Monday, July 20th. Needham & Company LLC reaffirmed a “buy” rating on shares of Bandwidth in a report on Thursday, August 20th. Piper Sandler upped their price objective on Bandwidth from $38.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Zacks Research downgraded Bandwidth from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Finally, Citigroup restated a “market outperform” rating on shares of Bandwidth in a report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.80.

Key Bandwidth News

Here are the key news stories impacting Bandwidth this week:

• Positive Sentiment: Bandwidth’s latest reported quarter modestly exceeded expectations, with earnings of $0.37 per share versus the $0.36 consensus and revenue of $219.9 million versus $217.6 million expected. Revenue increased 22.2% year over year, while management maintained 2026 EPS guidance of $1.71–$1.79. Analysts’ consensus remains “Moderate Buy,” with an average price target of $59.80. Bandwidth earnings and analyst information
• Positive Sentiment: Institutional activity in the second quarter included several new positions, and Tower Research Capital increased its Bandwidth holding by 183.7%. Hedge funds and other institutions collectively own approximately 68.53% of the shares. Bandwidth institutional activity
• Neutral Sentiment: Director Lukas Roush sold 1,500 shares for $71,025 on August 27 under a pre-arranged Rule 10b5-1 plan. The sale reduced his ownership by only 2.5%, making it a relatively limited signal about management’s outlook. Bandwidth director sale
• Negative Sentiment: Seven insiders sold a combined approximately 22,050 shares worth $1.08 million on August 31. Sellers included CEO David Morken, CFO Daryl Raiford, COO Devesh Agarwal, General Counsel Richard Brandon Asbill, and other insiders. Several executives reduced their holdings by significant percentages, including the CEO’s 43.35% reduction and the CFO’s 11.54% reduction. The concentrated selling is likely pressuring BAND, even though insider sales can reflect personal financial planning rather than concerns about the business. Bandwidth SEC insider filing

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.