Daryl Raiford Sells 19,000 Shares of Bandwidth (NASDAQ:BAND) Stock

Key Points

• Daryl Raiford, CFO of Bandwidth Inc., sold a total of $294,500 worth of stock, significantly reducing his ownership by 14.78%.
• Bandwidth's stock price has decreased by 0.7%, closing at $15.59, with a P/E ratio of 120.77 and a market cap of approximately $469.88 million.
• Despite a recent drop in stock price, analysts maintain a Moderate Buy rating for Bandwidth, with an average price target of $20.80.

Bandwidth Inc. (NASDAQ:BAND - Get Free Report) CFO Daryl Raiford sold 19,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $15.50, for a total value of $294,500.00. Following the completion of the transaction, the chief financial officer directly owned 109,538 shares of the company's stock, valued at $1,697,839. This represents a 14.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Daryl Raiford also recently made the following trade(s):

• On Tuesday, September 9th, Daryl Raiford sold 14,143 shares of Bandwidth stock. The stock was sold at an average price of $15.47, for a total value of $218,792.21.
• On Monday, September 8th, Daryl Raiford sold 1,625 shares of Bandwidth stock. The stock was sold at an average price of $15.70, for a total value of $25,512.50.
• On Monday, September 8th, Daryl Raiford sold 5,000 shares of Bandwidth stock. The stock was sold at an average price of $15.71, for a total value of $78,550.00.
• On Thursday, September 4th, Daryl Raiford sold 2,594 shares of Bandwidth stock. The shares were sold at an average price of $15.46, for a total value of $40,103.24.
• On Wednesday, September 3rd, Daryl Raiford sold 4,117 shares of Bandwidth stock. The shares were sold at an average price of $15.23, for a total value of $62,701.91.
• On Tuesday, September 2nd, Daryl Raiford sold 2,150 shares of Bandwidth stock. The shares were sold at an average price of $14.96, for a total value of $32,164.00.
• On Friday, August 29th, Daryl Raiford sold 3,488 shares of Bandwidth stock. The stock was sold at an average price of $15.09, for a total value of $52,633.92.
• On Wednesday, July 23rd, Daryl Raiford sold 1,136 shares of Bandwidth stock. The stock was sold at an average price of $15.65, for a total value of $17,778.40.
• On Tuesday, July 22nd, Daryl Raiford sold 1,849 shares of Bandwidth stock. The stock was sold at an average price of $15.46, for a total value of $28,585.54.

Bandwidth Stock Up 0.1%

BAND traded up $0.01 during trading on Friday, reaching $16.41. 314,602 shares of the stock traded hands, compared to its average volume of 228,109. The stock has a market cap of $494.60 million, a price-to-earnings ratio of -48.26 and a beta of 1.81. Bandwidth Inc. has a fifty-two week low of $11.33 and a fifty-two week high of $23.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.31 and a quick ratio of 1.31. The stock's 50-day simple moving average is $14.89 and its two-hundred day simple moving average is $14.28.

Bandwidth (NASDAQ:BAND - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.06. The firm had revenue of $180.01 million during the quarter, compared to analysts' expectations of $178.87 million. Bandwidth had a positive return on equity of 1.43% and a negative net margin of 1.32%.The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that Bandwidth Inc. will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BAND. Nuveen LLC bought a new stake in shares of Bandwidth during the first quarter worth approximately $7,916,000. AQR Capital Management LLC boosted its holdings in shares of Bandwidth by 303.1% during the first quarter. AQR Capital Management LLC now owns 393,907 shares of the company's stock worth $5,160,000 after acquiring an additional 296,199 shares during the period. Bridgeway Capital Management LLC bought a new stake in shares of Bandwidth during the second quarter worth approximately $2,166,000. Archon Capital Management LLC boosted its holdings in shares of Bandwidth by 48.3% during the second quarter. Archon Capital Management LLC now owns 291,700 shares of the company's stock worth $4,638,000 after acquiring an additional 95,000 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Bandwidth by 213.5% during the fourth quarter. Millennium Management LLC now owns 136,442 shares of the company's stock worth $2,322,000 after acquiring an additional 92,915 shares during the period. 68.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a "buy" rating and set a $20.00 price target on shares of Bandwidth in a research note on Friday, June 13th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $20.80.

About Bandwidth

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.