Bandwidth (NASDAQ:BAND) Insider Sells $24,657.06 in Stock

Key Points

• Insider Activity: Bandwidth Inc. insider Kade Ross sold 1,634 shares for $24,657.06, decreasing their position by 2.24% to a total of 71,250 shares valued at approximately $1.07 million.
• Stock Performance: BAND stock rose 1.7% to $15.25, with a market capitalization of $459.64 million, and a price-to-earnings ratio of -44.85.
• Analyst Ratings: Analysts hold a "Moderate Buy" rating on Bandwidth, with an average price target of $20.80, with some firms predicting significant price targets as high as $36.00.

Bandwidth Inc. (NASDAQ:BAND - Get Free Report) insider Kade Ross sold 1,634 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 value of $24,657.06. Following the sale, the insider owned 71,250 shares of the company's stock, valued at approximately $1,075,162.50. The trade was a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bandwidth Stock Up 1.7%

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

Bandwidth (NASDAQ:BAND - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. The company had revenue of $180.01 million for the quarter, compared to analyst estimates of $178.87 million. Bandwidth had a positive return on equity of 1.43% and a negative net margin of 1.32%.The firm's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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.

Wall Street Analysts Forecast Growth

Several research firms have commented on BAND. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price target on shares of Bandwidth in a research report on Friday, June 13th. Robert W. Baird cut their price target on Bandwidth from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $36.00 price target on shares of Bandwidth in a research report on Thursday, May 15th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued 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 an average price target of $20.80.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings in shares of Bandwidth by 183.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company's stock valued at $60,000 after purchasing an additional 2,445 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Bandwidth in the second quarter valued at approximately $85,000. US Bancorp DE increased its holdings in shares of Bandwidth by 11,281.3% in the first quarter. US Bancorp DE now owns 5,463 shares of the company's stock valued at $72,000 after purchasing an additional 5,415 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of Bandwidth in the first quarter valued at approximately $72,000. Finally, GAMMA Investing LLC increased its holdings in shares of Bandwidth by 16,036.6% in the first quarter. GAMMA Investing LLC now owns 6,616 shares of the company's stock valued at $87,000 after purchasing an additional 6,575 shares during the period. Institutional investors and hedge funds own 68.53% of the company's stock.

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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