Bandwidth (NASDAQ:BAND) Insider Devin Krupka Sells 1,189 Shares

Key Points

• Devin Krupka, an insider at Bandwidth Inc., sold 1,189 shares of the company's stock for a total of approximately $17,942, reducing his ownership by 4.32% to 26,358 shares valued at around $397,742.
• Bandwidth's stock recently traded at $15.25, with a market capitalization of $459.64 million and a 52-week price range from $11.33 to $23.00.
• The company reported earnings of $0.38 per share for the last quarter, exceeding analyst expectations, and achieved revenue growth of 3.4% year-over-year.

Bandwidth Inc. (NASDAQ:BAND - Get Free Report) insider Devin Krupka sold 1,189 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $15.09, for a total transaction of $17,942.01. Following the transaction, the insider owned 26,358 shares of the company's stock, valued at approximately $397,742.22. This trade represents a 4.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bandwidth Stock Performance

NASDAQ:BAND traded up $0.25 during trading hours on Tuesday, hitting $15.25. 245,491 shares of the company were exchanged, compared to its average volume of 284,798. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.31 and a quick ratio of 1.31. Bandwidth Inc. has a 52-week low of $11.33 and a 52-week high of $23.00. The stock has a market capitalization of $459.64 million, a price-to-earnings ratio of -44.85 and a beta of 1.81. The company's 50 day moving average price is $14.85 and its 200-day moving average price is $14.39.

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

Institutional Trading of Bandwidth

Several large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 valued at $241,000 after acquiring an additional 608 shares during 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 worth $466,000 after buying an additional 1,255 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Bandwidth by 10.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,182 shares of the company's stock worth $293,000 after buying an additional 1,658 shares in the last quarter. Algert Global LLC boosted its holdings in Bandwidth by 10.4% during the fourth 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 boosted its holdings in Bandwidth by 10.0% during the first 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. 68.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on BAND shares. Robert W. Baird cut their price target on shares of Bandwidth from $20.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and set a $20.00 price target on shares of Bandwidth in a research note on Friday, June 13th. Finally, JMP Securities restated a "market outperform" rating and set a $36.00 price target on shares of Bandwidth in a research note on Thursday, May 15th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.