Insider Selling: Bandwidth (NASDAQ:BAND) Insider Sells $133,343.95 in Stock

Bandwidth Inc. (NASDAQ:BAND) insider Rebecca Bottorff sold 2,713 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $49.15, for a total value of $133,343.95. Following the sale, the insider directly owned 10,704 shares in the company, valued at $526,101.60. The trade was a 20.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bandwidth Trading Up 4.9%

BAND stock traded up $2.36 during midday trading on Tuesday, reaching $50.79. 900,407 shares of the company traded hands, compared to its average volume of 873,670. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -175.14 and a beta of 2.96. Bandwidth Inc. has a 52-week low of $12.50 and a 52-week high of $79.08. The business has a 50 day moving average of $56.46 and a 200-day moving average of $41.13. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.04 and a current ratio of 2.04.

Bandwidth (NASDAQ:BAND) last announced its earnings results on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $219.90 million during the quarter, compared to analysts’ expectations of $217.62 million. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.The business’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 expect that Bandwidth Inc. will post 0.65 earnings per share for the current fiscal year.

Institutional Trading of Bandwidth

Several institutional investors and hedge funds have recently made changes to their positions in BAND. UBS Group AG boosted its stake in shares of Bandwidth by 189.2% during 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. Bastion Asset Management Inc. purchased a new position in Bandwidth in the 1st quarter worth about $6,592,000. Nano Cap New Millennium Growth Fund L P purchased a new position in Bandwidth in the 4th quarter worth about $1,622,000. Walleye Capital LLC bought a new stake in Bandwidth during the 1st quarter valued at about $1,069,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Bandwidth by 299.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock valued at $12,268,000 after buying an additional 516,117 shares in the last quarter. 68.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BAND has been the subject of a number of recent analyst reports. Citizens Jmp lifted their price target on shares of Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a research note on Monday, July 20th. Needham & Company LLC reissued a “buy” rating on shares of Bandwidth in a research report on Thursday, August 20th. Wall Street Zen downgraded shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 28th. Weiss Ratings lowered Bandwidth from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, B. Riley Financial upped their target price on Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.80.

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.