Bandwidth Inc. (NASDAQ:BAND - Get Free Report) General Counsel Richard Brandon Asbill sold 1,914 shares of Bandwidth stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $14.47, for a total transaction of $27,695.58. Following the completion of the sale, the general counsel now owns 47,014 shares of the company's stock, valued at $680,292.58. This represents a 3.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Richard Brandon Asbill also recently made the following trade(s):
- On Wednesday, March 5th, Richard Brandon Asbill sold 9,878 shares of Bandwidth stock. The shares were sold at an average price of $15.24, for a total transaction of $150,540.72.
- On Monday, March 3rd, Richard Brandon Asbill sold 5,629 shares of Bandwidth stock. The shares were sold at an average price of $15.70, for a total transaction of $88,375.30.
Bandwidth Stock Up 0.7%
Shares of NASDAQ BAND traded up $0.10 during trading on Tuesday, hitting $14.50. The stock had a trading volume of 236,821 shares, compared to its average volume of 287,896. Bandwidth Inc. has a 12 month low of $11.33 and a 12 month high of $23.90. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $431.56 million, a PE ratio of -25.44 and a beta of 1.88. The firm has a fifty day moving average of $13.14 and a two-hundred day moving average of $15.95.
Bandwidth (NASDAQ:BAND - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.07. Bandwidth had a negative net margin of 0.87% and a positive return on equity of 0.53%. The firm had revenue of $174.24 million during the quarter, compared to analyst estimates of $168.96 million. During the same quarter in the prior year, the business posted $0.27 EPS. The business's revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts forecast that Bandwidth Inc. will post 0.22 EPS for the current fiscal year.
Institutional Trading of Bandwidth
Several institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Bandwidth by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,185 shares of the company's stock worth $241,000 after acquiring an additional 608 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Bandwidth by 1.6% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 43,366 shares of the company's stock worth $738,000 after acquiring an additional 699 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Bandwidth by 3.7% in the 1st quarter. Rhumbline Advisers now owns 35,603 shares of the company's stock worth $466,000 after acquiring an additional 1,255 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Bandwidth by 14.5% in the 4th quarter. SG Americas Securities LLC now owns 11,102 shares of the company's stock worth $189,000 after acquiring an additional 1,407 shares in the last quarter. Finally, Covestor Ltd bought a new stake in shares of Bandwidth in the 4th quarter worth $25,000. Institutional investors own 68.53% of the company's stock.
Analyst Upgrades and Downgrades
BAND has been the topic of several research reports. William Blair restated an "outperform" rating on shares of Bandwidth in a report on Friday, February 21st. Robert W. Baird lowered their price objective on shares of Bandwidth from $20.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Barclays lowered their price objective on shares of Bandwidth from $25.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. Morgan Stanley lowered their price objective on shares of Bandwidth from $18.00 to $11.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Finally, JMP Securities restated a "market outperform" rating and set a $36.00 price objective on shares of Bandwidth in a report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $20.80.
Read Our Latest Stock Report on BAND
About Bandwidth
(
Get Free Report)
Bandwidth is a leading enterprise cloud communications company. Companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth's APIs to easily embed voice, messaging, and emergency services into software and applications. Bandwidth is the first and only CPaaS provider offering a robust selection of communications APIs built around their own IP voice network.
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