Devin Krupka Sells 1,219 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) insider Devin Krupka sold 1,219 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $49.15, for a total value of $59,913.85. Following the transaction, the insider owned 15,032 shares in the company, valued at approximately $738,822.80. This trade represents a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bandwidth Stock Up 4.9%

Shares of BAND traded up $2.36 during trading hours on Tuesday, hitting $50.79. 900,407 shares of the company were exchanged, compared to its average volume of 873,670. The company has a market cap of $1.63 billion, a PE ratio of -175.14 and a beta of 2.96. The firm’s 50 day moving average is $56.46 and its 200-day moving average is $41.13. Bandwidth Inc. has a 52 week low of $12.50 and a 52 week high of $79.08. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.04 and a current ratio of 2.04.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.The business had revenue of $219.90 million for the quarter, compared to the consensus estimate of $217.62 million. The firm’s revenue was up 22.2% compared to the same quarter last year. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. On average, equities research analysts forecast that Bandwidth Inc. will post 0.65 EPS for the current fiscal year.

Institutional Trading of Bandwidth

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BAND. Wellington Management Group LLP increased its position in Bandwidth by 138.9% in the 2nd quarter. Wellington Management Group LLP now owns 911,893 shares of the company’s stock worth $57,723,000 after buying an additional 530,182 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Bandwidth by 299.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock valued at $12,268,000 after acquiring an additional 516,117 shares during the period. Bastion Asset Management Inc. acquired a new stake in shares of Bandwidth in the first quarter worth $6,592,000. CSM Advisors LLC acquired a new stake in shares of Bandwidth in the fourth quarter worth $5,342,000. Finally, AQR Capital Management LLC increased 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 worth $9,338,000 after acquiring an additional 193,398 shares during the period. Institutional investors and hedge funds own 68.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citizens Jmp lifted their price target on shares of Bandwidth from $70.00 to $86.00 and gave the company a “market outperform” rating in a research report on Monday, July 20th. Weiss Ratings lowered shares of Bandwidth from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Zacks Research downgraded shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Citigroup reiterated a “market outperform” rating on shares of Bandwidth in a report on Monday, July 20th. Finally, Wall Street Zen cut shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 28th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Bandwidth presently has an average rating of “Moderate Buy” and an average target price of $59.80.

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.