Daryl Raiford Sells 3,488 Shares of Bandwidth (NASDAQ:BAND) Stock

Key Points

• Daryl Raiford, CFO of Bandwidth Inc., sold 3,488 shares at an average price of $15.09, reducing his stake in the company to 126,796 shares, valued at approximately $1.9 million.
• Bandwidth's stock price has been fluctuating with a current trading price of $15.25, compared to its 52-week range of $11.33 to $23.00, and a market capitalization of $459.64 million.
• The company recently beat earnings expectations with an EPS of $0.38, against a consensus estimate of $0.32, while also reporting a revenue increase of 3.4% year-over-year.

Bandwidth Inc. (NASDAQ:BAND - Get Free Report) CFO Daryl Raiford sold 3,488 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $15.09, for a total value of $52,633.92. Following the sale, the chief financial officer owned 126,796 shares of the company's stock, valued at $1,913,351.64. This trade represents a 2.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 value 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 value of $28,585.54.

Bandwidth Price Performance

Shares of NASDAQ:BAND traded up $0.25 on Tuesday, reaching $15.25. 245,491 shares of the company traded hands, compared to its average volume of 284,798. Bandwidth Inc. has a fifty-two week low of $11.33 and a fifty-two week high of $23.00. The company's 50 day moving average is $14.85 and its 200-day moving average is $14.39. The stock has a market capitalization of $459.64 million, a PE ratio of -44.85 and a beta of 1.81. 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 (NASDAQ:BAND - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $180.01 million during the quarter, compared to the consensus estimate of $178.87 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The company's quarterly revenue 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, analysts anticipate that Bandwidth Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BAND has been the subject of a number of recent analyst reports. 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. Finally, Robert W. Baird decreased their price objective on shares of Bandwidth from $20.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.80.

Institutional Investors Weigh In On Bandwidth

A number of institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Bandwidth by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,185 shares of the company's stock valued at $241,000 after buying an additional 608 shares during the period. Rhumbline Advisers boosted its stake in shares of Bandwidth by 3.7% during the 1st quarter. Rhumbline Advisers now owns 35,603 shares of the company's stock valued at $466,000 after buying an additional 1,255 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Bandwidth by 10.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,182 shares of the company's stock valued at $293,000 after buying an additional 1,658 shares during the period. Algert Global LLC boosted its stake in shares of Bandwidth by 10.4% during the 4th quarter. Algert Global LLC now owns 18,280 shares of the company's stock valued at $311,000 after buying an additional 1,720 shares during the period. Finally, AlphaQuest LLC boosted its stake in shares of Bandwidth by 10.0% during the 1st quarter. AlphaQuest LLC now owns 19,451 shares of the company's stock valued at $255,000 after buying an additional 1,767 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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