Bandwidth (NASDAQ:BAND) CFO Sells $294,500.00 in 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 firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $15.50, for a total transaction of $294,500.00. Following the sale, the chief financial officer owned 109,538 shares of the company's stock, valued at $1,697,839. The trade was a 14.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 transaction 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 transaction 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 transaction of $78,550.00.
• On Thursday, September 4th, Daryl Raiford sold 2,594 shares of Bandwidth stock. The stock was sold at an average price of $15.46, for a total transaction of $40,103.24.
• On Wednesday, September 3rd, Daryl Raiford sold 4,117 shares of Bandwidth stock. The stock was sold at an average price of $15.23, for a total transaction of $62,701.91.
• On Tuesday, September 2nd, Daryl Raiford sold 2,150 shares of Bandwidth stock. The stock was sold at an average price of $14.96, for a total transaction 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 transaction 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 transaction of $17,778.40.
• On Tuesday, July 22nd, Daryl Raiford sold 1,849 shares of Bandwidth stock. The shares were sold at an average price of $15.46, for a total transaction of $28,585.54.

Bandwidth Stock Down 0.7%

Shares of NASDAQ:BAND traded down $0.11 during trading on Tuesday, reaching $15.59. 234,262 shares of the company traded hands, compared to its average volume of 205,877. The firm has a fifty day simple moving average of $14.90 and a 200 day simple moving average of $14.31. The firm has a market cap of $469.88 million, a P/E ratio of 120.77 and a beta of 1.81. Bandwidth Inc. has a 1-year low of $11.33 and a 1-year high of $23.00. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.64.

Bandwidth (NASDAQ:BAND - Get Free Report) last issued its earnings results 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 company had revenue of $180.01 million during the quarter, compared to analyst estimates of $178.87 million. Bandwidth had a negative net margin of 1.32% and a positive return on equity of 1.43%. The company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts anticipate that Bandwidth Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BAND. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Bandwidth by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,185 shares of the company's stock worth $241,000 after buying an additional 608 shares in the last quarter. Rhumbline Advisers boosted its holdings in Bandwidth by 3.7% during the first quarter. Rhumbline Advisers now owns 35,603 shares of the company's stock valued at $466,000 after purchasing an additional 1,255 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Bandwidth by 10.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,182 shares of the company's stock valued at $293,000 after purchasing an additional 1,658 shares during the period. Algert Global LLC raised its holdings in shares of Bandwidth by 10.4% in the 4th quarter. Algert Global LLC now owns 18,280 shares of the company's stock worth $311,000 after buying an additional 1,720 shares in the last quarter. Finally, AlphaQuest LLC raised its holdings in shares of Bandwidth by 10.0% in the 1st quarter. AlphaQuest LLC now owns 19,451 shares of the company's stock worth $255,000 after buying an additional 1,767 shares in the last quarter. Institutional investors and hedge funds own 68.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BAND. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Bandwidth in a research note on Friday, June 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $36.00 price objective on shares of Bandwidth in a research note on Thursday, May 15th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $20.80.

Bandwidth Company Profile

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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