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

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 stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $15.47, for a total transaction of $218,792.21. Following the completion of the sale, the chief financial officer directly owned 90,395 shares of the company's stock, valued at $1,398,410.65. This represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 stock was sold at an average price of $15.71, for a total transaction of $78,550.00.
• On Friday, September 5th, Daryl Raiford sold 19,000 shares of Bandwidth stock. The stock was sold at an average price of $15.50, for a total transaction of $294,500.00.
• 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 stock was sold at an average price of $15.46, for a total value of $28,585.54.

Bandwidth Price Performance

BAND stock traded down $0.11 during midday trading on Tuesday, hitting $15.59. The company's stock had a trading volume of 234,262 shares, compared to its average volume of 205,877. Bandwidth Inc. has a 12 month low of $11.33 and a 12 month 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. The firm has a market capitalization of $469.88 million, a price-to-earnings ratio of 120.77 and a beta of 1.81. The company has a 50 day moving average of $14.90 and a two-hundred day moving average of $14.31.

Bandwidth (NASDAQ:BAND - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. Bandwidth had a positive return on equity of 1.43% and a negative net margin of 1.32%.The business had revenue of $180.01 million during the quarter, compared to the consensus estimate of $178.87 million. During the same period in the prior year, the company posted $0.29 EPS. The firm'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. On average, analysts expect that Bandwidth Inc. will post 0.22 EPS for the current year.

Institutional Trading of Bandwidth

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its stake in Bandwidth by 183.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company's stock worth $60,000 after purchasing an additional 2,445 shares during the period. State of Tennessee Department of Treasury purchased a new stake in Bandwidth in the second quarter worth $204,000. Man Group plc increased its stake in Bandwidth by 76.5% in the second quarter. Man Group plc now owns 21,132 shares of the company's stock worth $336,000 after purchasing an additional 9,158 shares during the period. Engineers Gate Manager LP increased its stake in Bandwidth by 15.7% in the second quarter. Engineers Gate Manager LP now owns 60,210 shares of the company's stock worth $957,000 after purchasing an additional 8,161 shares during the period. Finally, Bridgeway Capital Management LLC purchased a new stake in Bandwidth in the second quarter worth $2,166,000. Hedge funds and other institutional investors own 68.53% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on BAND. Needham & Company LLC reiterated a "buy" rating and set a $20.00 target price on shares of Bandwidth in a research report on Friday, June 13th. JMP Securities reiterated a "market outperform" rating and set a $36.00 target price on shares of Bandwidth in a research report on Thursday, May 15th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Bandwidth currently 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.

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