Insider Selling: Bandwidth (NASDAQ:BAND) Insider Sells $79,426.40 in Stock

Bandwidth Inc. (NASDAQ:BAND) insider Kade Ross sold 1,616 shares of Bandwidth stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.15, for a total transaction of $79,426.40. Following the completion of the transaction, the insider directly owned 48,071 shares in the company, valued at $2,362,689.65. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Bandwidth Stock Performance

Shares of BAND stock opened at $47.09 on Friday. Bandwidth Inc. has a 12-month low of $12.50 and a 12-month high of $79.08. The business’s fifty day simple moving average is $56.22 and its 200-day simple moving average is $41.88. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.87. The company has a market cap of $1.52 billion, a PE ratio of -162.38 and a beta of 3.03.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 earnings per share for the quarter, topping 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 firm had revenue of $219.90 million during the quarter, compared to analysts’ expectations of $217.62 million. The company’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. Analysts expect that Bandwidth Inc. will post 0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BAND. Needham & Company LLC restated a “buy” rating on shares of Bandwidth in a research note on Thursday, August 20th. Citigroup reaffirmed a “market outperform” rating on shares of Bandwidth in a research report on Monday, July 20th. Wall Street Zen cut shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 28th. Weiss Ratings downgraded shares of Bandwidth from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. Finally, Piper Sandler upped their price target on shares of Bandwidth from $38.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.80.

Institutional Trading of Bandwidth

Several large investors have recently added to or reduced their stakes in BAND. Wellington Management Group LLP increased its holdings in shares of Bandwidth by 138.9% in the second 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 period. Arrowstreet Capital Limited Partnership raised its stake 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 worth $12,268,000 after purchasing an additional 516,117 shares during the last quarter. Bastion Asset Management Inc. acquired a new stake in shares of Bandwidth during the first quarter worth about $6,592,000. CSM Advisors LLC acquired a new stake in shares of Bandwidth during the fourth quarter worth about $5,342,000. Finally, AQR Capital Management LLC boosted its position in Bandwidth by 49.1% in the second quarter. AQR Capital Management LLC now owns 587,305 shares of the company’s stock valued at $9,338,000 after buying an additional 193,398 shares during the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

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.