Bandwidth (NASDAQ:BAND) CFO Sells $229,677.95 in Stock

Bandwidth Inc. (NASDAQ:BAND) CFO Daryl Raiford sold 4,673 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $49.15, for a total value of $229,677.95. Following the completion of the transaction, the chief financial officer directly owned 35,832 shares of the company’s stock, valued at approximately $1,761,142.80. This trade represents a 11.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Bandwidth Stock Down 1.0%

NASDAQ BAND opened at $47.09 on Friday. The stock’s 50 day moving average is $56.22 and its 200 day moving average is $41.88. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.87. Bandwidth Inc. has a 12 month low of $12.50 and a 12 month high of $79.08. The stock has a market cap of $1.52 billion, a PE ratio of -162.38 and a beta of 3.03.

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 analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $219.90 million during the quarter, compared to analyst estimates of $217.62 million. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. Bandwidth’s revenue for the quarter 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. Research analysts predict that Bandwidth Inc. will post 0.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Piper Sandler lifted their price target on shares of Bandwidth from $38.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Weiss Ratings lowered Bandwidth from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. Citigroup reaffirmed a “market outperform” rating on shares of Bandwidth in a report on Monday, July 20th. Citizens Jmp boosted their target price on Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a research report on Monday, July 20th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Bandwidth in a research note on Thursday, August 20th. Five 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, Bandwidth has an average rating of “Moderate Buy” and an average price target of $59.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LP bought a new stake in Bandwidth during the second quarter worth approximately $238,000. California State Teachers Retirement System lifted its stake in shares of Bandwidth by 1,541.7% in the 2nd quarter. California State Teachers Retirement System now owns 24,560 shares of the company’s stock valued at $1,555,000 after purchasing an additional 23,064 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new position in shares of Bandwidth in the 2nd quarter worth approximately $70,000. Wellington Management Group LLP boosted its holdings in shares of Bandwidth by 138.9% in 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 during the period. Finally, Globeflex Capital L P bought a new position in shares of Bandwidth during the 2nd quarter valued at approximately $2,865,000. Hedge funds and other institutional investors own 68.53% of the company’s stock.

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.