Bandwidth (NASDAQ:BAND) Director Sells $73,560.00 in Stock

Bandwidth Inc. (NASDAQ:BAND) Director Lukas Roush sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $49.04, for a total value of $73,560.00. Following the transaction, the director owned 58,769 shares of the company’s stock, valued at approximately $2,882,031.76. This trade represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bandwidth Trading Up 4.7%

Bandwidth stock opened at $46.82 on Thursday. The firm has a 50 day moving average of $52.11 and a 200 day moving average of $50.89. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 279.44, a P/E/G ratio of 3.99 and a beta of 3.01. Bandwidth Inc. has a 12-month low of $12.50 and a 12-month high of $79.08. 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 (NASDAQ:BAND) last released its earnings results on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The company had revenue of $219.90 million for the quarter, compared to analysts’ expectations of $217.62 million. The business’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. As a group, research analysts predict that Bandwidth Inc. will post 0.64 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Citigroup restated a “market outperform” rating on shares of Bandwidth in a research note on Monday, July 20th. Needham & Company LLC reiterated a “buy” rating on shares of Bandwidth in a research note on Thursday, August 20th. Morgan Stanley started coverage on Bandwidth in a research note on Friday, October 16th. They issued an “equal weight” rating and a $56.00 price target for the company. B. Riley Financial raised their price target on Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, Citizens Jmp raised their price target on Bandwidth from $70.00 to $86.00 and gave the company a “market outperform” rating in a report on Monday, July 20th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $59.29.

Institutional Investors Weigh In On Bandwidth

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Bandwidth by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,551,508 shares of the company’s stock valued at $27,647,000 after purchasing an additional 91,812 shares during the period. Wellington Management Group LLP lifted its stake 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 valued at $57,723,000 after purchasing an additional 530,182 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake 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 purchasing an additional 516,117 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Bandwidth by 4.2% in the 1st quarter. Renaissance Technologies LLC now owns 644,981 shares of the company’s stock worth $11,494,000 after purchasing an additional 26,081 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Bandwidth by 51.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 491,873 shares of the company’s stock worth $8,765,000 after purchasing an additional 166,423 shares during the period. 68.53% of the stock is owned by institutional investors.

Bandwidth Company Profile

Bandwidth Inc (NASDAQ:BAND) is a cloud communications company that provides application programming interfaces (APIs) and related network services for integrating voice, messaging and emergency communications into software applications. Its platform is designed for businesses, communications providers and technology companies that need to build communications capabilities into customer-facing products and internal workflows.

The company’s offerings include programmable voice, text messaging and toll-free messaging services, as well as emergency calling capabilities through its E911 solution.