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

Bandwidth Inc. (NASDAQ:BAND) CFO Daryl Raiford sold 4,228 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $2,753,253.85. The trade was a 8.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bandwidth Stock Performance

Shares of BAND traded up $5.92 on Monday, reaching $70.89. 1,730,440 shares of the company’s stock traded hands, compared to its average volume of 634,328. The stock’s 50 day simple moving average is $33.10 and its two-hundred day simple moving average is $21.01. The stock has a market cap of $2.27 billion, a PE ratio of -186.55 and a beta of 2.93. Bandwidth Inc. has a 52-week low of $12.50 and a 52-week high of $71.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citizens Jmp increased their price target on shares of Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a research report on Friday, May 15th. Citigroup reaffirmed an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bandwidth in a research note on Monday, April 20th. B. Riley Financial increased their target price on shares of Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Wall Street Zen cut shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Bandwidth presently has an average rating of “Moderate Buy” and a consensus target price of $43.25.

Institutional Trading of Bandwidth

A number of institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its stake in Bandwidth by 183.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock valued at $60,000 after buying an additional 2,445 shares in the last quarter. State of Wyoming bought a new stake in Bandwidth during the 3rd quarter valued at $71,000. Raymond James Financial Inc. purchased a new stake in shares of Bandwidth during the second quarter worth $85,000. Quantbot Technologies LP bought a new position in shares of Bandwidth in the second quarter worth $128,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Bandwidth by 35.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock worth $157,000 after acquiring an additional 2,634 shares during the period. 68.53% of the stock is currently owned by hedge funds and other institutional investors.

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.