Kade Ross Sells 1,634 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) insider Kade Ross sold 1,634 shares of Bandwidth stock in a transaction on Friday, August 29th. The shares were sold at an average price of $15.09, for a total transaction of $24,657.06. Following the completion of the transaction, the insider directly owned 71,250 shares in the company, valued at $1,075,162.50. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Bandwidth Stock Performance

Shares of Bandwidth stock opened at $15.36 on Thursday. The firm’s fifty day simple moving average is $14.88 and its 200-day simple moving average is $14.40. The stock has a market capitalization of $462.95 million, a price-to-earnings ratio of -45.18 and a beta of 1.81. Bandwidth Inc. has a 12 month low of $11.33 and a 12 month high of $23.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.31 and a quick ratio of 1.31.

Bandwidth (NASDAQ:BAND) last announced its earnings results on Tuesday, July 29th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The business had revenue of $180.01 million for the quarter, compared to analysts’ expectations of $178.87 million. Bandwidth had a negative net margin of 1.32% and a positive return on equity of 1.43%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast that Bandwidth Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Bandwidth

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Bandwidth by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,185 shares of the company’s stock worth $241,000 after purchasing an additional 608 shares during the period. Rhumbline Advisers grew its stake in shares of Bandwidth by 3.7% during the 1st quarter. Rhumbline Advisers now owns 35,603 shares of the company’s stock worth $466,000 after purchasing an additional 1,255 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Bandwidth by 10.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,182 shares of the company’s stock worth $293,000 after purchasing an additional 1,658 shares during the period. Algert Global LLC grew its stake in shares of Bandwidth by 10.4% during the 4th quarter. Algert Global LLC now owns 18,280 shares of the company’s stock worth $311,000 after purchasing an additional 1,720 shares during the period. Finally, AlphaQuest LLC grew its stake in shares of Bandwidth by 10.0% during the 1st quarter. AlphaQuest LLC now owns 19,451 shares of the company’s stock worth $255,000 after purchasing an additional 1,767 shares during the period. 68.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BAND shares. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Bandwidth in a research note on Friday, June 13th. JMP Securities reissued a “market outperform” rating and issued a $36.00 price objective on shares of Bandwidth in a research note on Thursday, May 15th. Finally, Robert W. Baird dropped their price objective on shares of Bandwidth from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.80.

Bandwidth Company Profile

Bandwidth is a leading enterprise cloud communications company. Companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth’s APIs to easily embed voice, messaging, and emergency services into software and applications. Bandwidth is the first and only CPaaS provider offering a robust selection of communications APIs built around their own IP voice network.