Bandwidth (NASDAQ:BAND) CFO Sells $233,104.85 in Stock

Bandwidth Inc. (NASDAQ:BAND) CFO Daryl Raiford sold 3,961 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $58.85, for a total value of $233,104.85. Following the completion of the sale, the chief financial officer directly owned 36,545 shares in the company, valued at $2,150,673.25. The trade was a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Bandwidth Stock Down 3.6%

NASDAQ BAND opened at $65.46 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $2.10 billion, a PE ratio of -172.26 and a beta of 2.93. Bandwidth Inc. has a 1 year low of $12.50 and a 1 year high of $72.80. The business’s 50-day moving average is $36.23 and its 200 day moving average is $22.15.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.06. The business had revenue of $208.78 million for the quarter, compared to analysts’ expectations of $201.58 million. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. Sell-side analysts forecast that Bandwidth Inc. will post 0.55 earnings per share for the current year.

Institutional Trading of Bandwidth

A number of hedge funds have recently made changes to their positions in BAND. Deutsche Bank AG raised its holdings in Bandwidth by 6.0% in the 4th quarter. Deutsche Bank AG now owns 18,343 shares of the company’s stock worth $283,000 after acquiring an additional 1,043 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Bandwidth by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 19,383 shares of the company’s stock worth $323,000 after acquiring an additional 1,114 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Bandwidth by 2.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 53,681 shares of the company’s stock worth $895,000 after acquiring an additional 1,129 shares during the last quarter. Franklin Resources Inc. raised its holdings in Bandwidth by 3.6% in the 4th quarter. Franklin Resources Inc. now owns 58,141 shares of the company’s stock worth $898,000 after acquiring an additional 2,043 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Bandwidth by 8.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,896 shares of the company’s stock worth $462,000 after acquiring an additional 2,250 shares during the last quarter. 68.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BAND has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Citizens Jmp lifted their target price on shares of Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a report on Friday, May 15th. B. Riley Financial boosted their price target on Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Needham & Company LLC boosted their price target on Bandwidth from $45.00 to $60.00 and gave the stock 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 given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.25.

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.