Daryl Raiford Sells 4,228 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) CFO Daryl Raiford sold 4,228 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $64.15, for a total value of $271,226.20. Following the completion of the transaction, the chief financial officer owned 42,919 shares of the company’s stock, valued at approximately $2,753,253.85. This represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bandwidth Price Performance

BAND stock traded up $5.92 during mid-day trading on Monday, reaching $70.89. 1,730,440 shares of the company traded hands, compared to its average volume of 634,328. The company has a fifty day moving average price of $33.10 and a 200-day moving average price of $21.01. Bandwidth Inc. has a 52-week low of $12.50 and a 52-week high of $71.76. The company has a market capitalization of $2.27 billion, a P/E ratio of -186.55 and a beta of 2.93. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.38 earnings per share (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 firm had revenue of $208.78 million for the quarter, compared to the consensus estimate 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. As a group, analysts anticipate that Bandwidth Inc. will post 0.55 earnings per share for the current year.

Institutional Trading of Bandwidth

Institutional investors and hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Bandwidth by 299.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock worth $12,268,000 after acquiring an additional 516,117 shares during the last quarter. Portolan Capital Management LLC increased its stake in Bandwidth by 115.8% in the third quarter. Portolan Capital Management LLC now owns 745,802 shares of the company’s stock valued at $12,433,000 after acquiring an additional 400,231 shares during the last quarter. Bastion Asset Management Inc. bought a new position in Bandwidth in the first quarter valued at $6,592,000. CSM Advisors LLC purchased a new stake in Bandwidth during the fourth quarter valued at about $5,342,000. Finally, AQR Capital Management LLC raised its position in Bandwidth by 49.1% during the second quarter. AQR Capital Management LLC now owns 587,305 shares of the company’s stock valued at $9,338,000 after purchasing an additional 193,398 shares in the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on BAND. Weiss Ratings reissued a “sell (d-)” rating on shares of Bandwidth in a report on Monday, April 20th. Citigroup reaffirmed an “outperform” rating on shares of Bandwidth in a report on Thursday, April 30th. Needham & Company LLC increased their price objective on Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Wall Street Zen lowered Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, B. Riley Financial boosted their target price on Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Bandwidth presently has an average rating of “Moderate Buy” and a consensus price target of $43.25.

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.