Richard Brandon Asbill Sells 29,214 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) General Counsel Richard Brandon Asbill sold 29,214 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $72.03, for a total transaction of $2,104,284.42. Following the completion of the transaction, the general counsel owned 3,000 shares of the company’s stock, valued at $216,090. This trade represents a 90.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Richard Brandon Asbill also recently made the following trade(s):

• On Friday, May 29th, Richard Brandon Asbill sold 1,781 shares of Bandwidth stock. The shares were sold at an average price of $58.85, for a total transaction of $104,811.85.

Bandwidth Stock Down 4.7%

Shares of BAND stock traded down $3.36 during trading on Monday, reaching $68.84. The company’s stock had a trading volume of 1,083,812 shares, compared to its average volume of 662,101. The business has a fifty day moving average price of $38.47 and a 200-day moving average price of $22.97. 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 $2.20 billion, a price-to-earnings ratio of -181.16 and a beta of 2.93. Bandwidth Inc. has a one year low of $12.50 and a one year high of $75.98.

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. Bandwidth had a negative net margin of 0.64% and a positive return on equity of 1.47%. The business had revenue of $208.78 million for the quarter, compared to analyst estimates of $201.58 million. 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.

Analyst Ratings Changes

Several brokerages have commented on BAND. Wall Street Zen cut shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Needham & Company LLC upped their price target on shares of Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Citizens Jmp upped their price target on shares of Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Friday, May 15th. Finally, Zacks Research raised shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.25.

Institutional Trading of Bandwidth

Several institutional investors and hedge funds have recently added to or reduced their stakes in BAND. UBS Group AG raised its position in shares of Bandwidth by 189.2% in the fourth quarter. UBS Group AG now owns 205,300 shares of the company’s stock valued at $3,172,000 after purchasing an additional 134,309 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Bandwidth in the fourth quarter valued at about $1,622,000. GSA Capital Partners LLP bought a new position in shares of Bandwidth in the third quarter valued at about $1,100,000. Portolan Capital Management LLC raised its position in shares of Bandwidth by 115.8% in the third quarter. Portolan Capital Management LLC now owns 745,802 shares of the company’s stock valued at $12,433,000 after purchasing an additional 400,231 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Bandwidth by 51.1% in the first quarter. Assenagon Asset Management S.A. now owns 491,873 shares of the company’s stock valued at $8,765,000 after purchasing an additional 166,423 shares during the period. 68.53% of the stock is owned by institutional investors.

About Bandwidth

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.