Bandwidth (NASDAQ:BAND) CFO Daryl Raiford Sells 14,143 Shares

Key Points

• Daryl Raiford, CFO of Bandwidth, sold 14,143 shares of the company's stock at an average price of $15.47, totaling $218,792.21, which represents a 13.53% decrease in his ownership.
• Bandwidth's stock is currently trading at $15.59 with a market capitalization of approximately $469.88 million, while the company reported a 3.4% increase in revenue year-over-year for the last quarter.
• Analysts have given Bandwidth a Moderate Buy rating, with a consensus price target of $20.80, as several institutional investors have increased their stakes in the company during the second quarter.

Bandwidth Inc. (NASDAQ:BAND - Get Free Report) CFO Daryl Raiford sold 14,143 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $15.47, for a total value of $218,792.21. Following the sale, the chief financial officer owned 90,395 shares of the company's stock, valued at $1,398,410.65. The trade was a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 shares were sold at an average price of $15.71, for a total value of $78,550.00.
• On Friday, September 5th, Daryl Raiford sold 19,000 shares of Bandwidth stock. The shares were sold at an average price of $15.50, for a total value of $294,500.00.
• 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 transaction 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 transaction 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 transaction of $32,164.00.
• On Friday, August 29th, Daryl Raiford sold 3,488 shares of Bandwidth stock. The shares were 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 shares were 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 Trading 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 company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $494.60 million, a PE ratio of -48.26 and a beta of 1.81. The stock's 50-day moving average is $14.89 and its 200 day moving average is $14.28. Bandwidth Inc. has a 12 month low of $11.33 and a 12 month high of $23.00.

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, topping analysts' consensus estimates of $0.32 by $0.06. The company had revenue of $180.01 million for the quarter, compared to analysts' expectations of $178.87 million. Bandwidth had a negative net margin of 1.32% and a positive return on equity of 1.43%. The business's revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts anticipate that Bandwidth Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Bandwidth

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Bandwidth by 0.9% in the first quarter. Vanguard Group Inc. now owns 1,785,698 shares of the company's stock valued at $23,393,000 after acquiring an additional 16,671 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Bandwidth by 11.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 680,945 shares of the company's stock valued at $10,827,000 after buying an additional 69,065 shares during the period. Geode Capital Management LLC increased its position in shares of Bandwidth by 8.9% during the second quarter. Geode Capital Management LLC now owns 648,763 shares of the company's stock valued at $10,318,000 after buying an additional 52,762 shares during the period. Nuveen LLC purchased a new position in shares of Bandwidth during the first quarter valued at about $7,916,000. Finally, AQR Capital Management LLC increased its position in shares of Bandwidth by 49.1% during the second quarter. AQR Capital Management LLC now owns 587,305 shares of the company's stock valued at $9,338,000 after buying an additional 193,398 shares during the period. Hedge funds and other institutional investors own 68.53% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Bandwidth in a report on Friday, June 13th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.