Richard Brandon Asbill Sells 1,781 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) General Counsel Richard Brandon Asbill sold 1,781 shares of Bandwidth stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $58.85, for a total transaction of $104,811.85. Following the completion of the sale, the general counsel owned 32,214 shares in the company, valued at $1,895,793.90. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bandwidth Stock Up 9.1%

Shares of BAND stock traded up $5.92 during trading on Monday, reaching $70.89. The company’s stock had a trading volume of 1,730,440 shares, compared to its average volume of 634,328. The business has a fifty day moving average price of $33.10 and a 200-day moving average price of $21.01. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The company has a market cap of $2.27 billion, a price-to-earnings ratio of -186.55 and a beta of 2.93. Bandwidth Inc. has a one year low of $12.50 and a one year high of $71.76.

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

Institutional Investors Weigh In On Bandwidth

Several hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its holdings in shares of Bandwidth by 15.0% during the second quarter. Rhumbline Advisers now owns 40,927 shares of the company’s stock worth $651,000 after buying an additional 5,324 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Bandwidth during the second quarter worth $128,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Bandwidth by 26.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 373,153 shares of the company’s stock worth $5,933,000 after buying an additional 78,360 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Bandwidth by 4.7% during the second quarter. Invesco Ltd. now owns 56,367 shares of the company’s stock worth $896,000 after buying an additional 2,532 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Bandwidth during the second quarter worth $221,000. Institutional investors and hedge funds own 68.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BAND. Wall Street Zen lowered shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Needham & Company LLC increased their price objective on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 14th. B. Riley Financial increased their price objective on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, April 17th. Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Citizens Jmp raised their price target on Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.