Insider Selling: Bandwidth (NASDAQ:BAND) General Counsel Sells $90,042.80 in Stock

Bandwidth Inc. (NASDAQ:BAND) General Counsel Richard Brandon Asbill sold 1,832 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $49.15, for a total value of $90,042.80. Following the completion of the sale, the general counsel owned 7,550 shares of the company’s stock, valued at approximately $371,082.50. The trade was a 19.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, June 5th, Richard Brandon Asbill sold 29,214 shares of Bandwidth stock. The stock was sold at an average price of $72.03, for a total value of $2,104,284.42.

Bandwidth Stock Performance

Shares of BAND stock traded up $2.36 during trading hours on Tuesday, reaching $50.79. 900,407 shares of the company traded hands, compared to its average volume of 873,670. Bandwidth Inc. has a 12-month low of $12.50 and a 12-month high of $79.08. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.04 and a quick ratio of 2.04. The company has a market cap of $1.63 billion, a P/E ratio of -175.14 and a beta of 2.96. The firm has a 50-day moving average price of $56.46 and a 200 day moving average price of $41.13.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen cut shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 28th. Piper Sandler lifted their target price 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. B. Riley Financial upped their target price on shares of Bandwidth from $55.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Zacks Research lowered Bandwidth from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Finally, Citigroup reiterated a “market outperform” rating on shares of Bandwidth in a research note on Monday, July 20th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Bandwidth has an average rating of “Moderate Buy” and an average price target of $59.80.

Institutional Investors Weigh In On Bandwidth

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Bandwidth by 3.5% during the third quarter. Vanguard Group Inc. now owns 1,988,533 shares of the company’s stock valued at $33,149,000 after buying an additional 67,428 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bandwidth by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,551,508 shares of the company’s stock worth $27,647,000 after buying an additional 91,812 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Bandwidth by 138.9% during the second quarter. Wellington Management Group LLP now owns 911,893 shares of the company’s stock worth $57,723,000 after acquiring an additional 530,182 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Bandwidth by 299.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock worth $12,268,000 after acquiring an additional 516,117 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Bandwidth by 2.6% during the fourth quarter. State Street Corp now owns 649,426 shares of the company’s stock worth $10,034,000 after acquiring an additional 16,654 shares during the last quarter. 68.53% of the stock is owned by hedge funds and other 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.