Bandwidth (NASDAQ:BAND) CEO Sells $272,593.20 in Stock

Bandwidth Inc. (NASDAQ:BAND) CEO David Morken sold 4,632 shares of Bandwidth stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $58.85, for a total value of $272,593.20. Following the transaction, the chief executive officer owned 7,198 shares in the company, valued at approximately $423,602.30. This represents a 39.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Bandwidth Stock Performance

BAND stock opened at $65.46 on Thursday. The business’s 50-day moving average price is $36.23 and its two-hundred day moving average price is $22.15. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The firm has a market cap of $2.10 billion, a PE ratio of -172.26 and a beta of 2.93. Bandwidth Inc. has a 1-year low of $12.50 and a 1-year high of $72.80.

Bandwidth (NASDAQ:BAND) last posted its earnings results 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 firm had revenue of $208.78 million for the quarter, compared to analyst estimates 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. As a group, research analysts forecast that Bandwidth Inc. will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

BAND has been the topic of several recent analyst reports. Citigroup reiterated an “outperform” rating on shares of Bandwidth in a report on Thursday, April 30th. Wall Street Zen lowered Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Zacks Research upgraded Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. B. Riley Financial boosted their price target on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, Needham & Company LLC boosted their price target on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.25.

Institutional Trading of Bandwidth

A number of institutional investors have recently modified their holdings of BAND. Arrowstreet Capital Limited Partnership lifted its holdings 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 purchasing an additional 516,117 shares in the last quarter. Portolan Capital Management LLC lifted its holdings 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 in the last quarter. Bastion Asset Management Inc. bought a new stake in shares of Bandwidth in the first quarter valued at about $6,592,000. CSM Advisors LLC bought a new stake in shares of Bandwidth in the fourth quarter valued at about $5,342,000. Finally, AQR Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 193,398 shares in the last quarter. 68.53% of the stock is currently 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.