Devin M. Krupka Sells 7,166 Shares of Bandwidth (NASDAQ:BAND) Stock

Key Points

• Devin Krupka, an insider at Bandwidth Inc., sold 7,166 shares at an average price of $18.00, resulting in a total transaction value of $128,988 and a 27.19% decrease in his ownership.
• Bandwidth reported earnings of $0.38 EPS for the last quarter, exceeding analysts' estimates and reflecting a 3.4% increase in revenue compared to the same period last year.
• The stock has a consensus rating of "Moderate Buy" among analysts, with a target price of $20.80, despite trading volume and market capitalization trends indicating varying investor sentiment.

Bandwidth Inc. (NASDAQ:BAND - Get Free Report) insider Devin M. Krupka sold 7,166 shares of the company's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $18.00, for a total value of $128,988.00. Following the sale, the insider owned 19,192 shares of the company's stock, valued at approximately $345,456. This trade represents a 27.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Bandwidth Stock Performance

Bandwidth stock traded up $0.43 during midday trading on Monday, hitting $17.97. The stock had a trading volume of 240,018 shares, compared to its average volume of 282,901. The firm's fifty day moving average is $15.10 and its two-hundred day moving average is $14.37. The company has a market capitalization of $541.62 million, a PE ratio of 134.92 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 earnings results on Tuesday, July 29th. The company reported $0.38 earnings per share (EPS) 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 firm had revenue of $180.01 million during the quarter, compared to analysts' expectations of $178.87 million. During the same quarter last year, the business posted $0.29 earnings per share. The firm's revenue was up 3.4% on a year-over-year basis. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Bandwidth Inc. will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

BAND has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 target price on shares of Bandwidth in a research report on Friday, June 13th. Wall Street Zen raised Bandwidth from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Wedbush reaffirmed an "outperform" rating on shares of Bandwidth in a research report on Wednesday, September 17th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $20.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its stake in Bandwidth by 183.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company's stock worth $60,000 after buying an additional 2,445 shares during the last quarter. State of Tennessee Department of Treasury purchased a new position in Bandwidth during the 2nd quarter worth $204,000. Man Group plc grew its stake in Bandwidth by 76.5% during the 2nd quarter. Man Group plc now owns 21,132 shares of the company's stock worth $336,000 after buying an additional 9,158 shares during the last quarter. Engineers Gate Manager LP grew its stake in Bandwidth by 15.7% during the 2nd quarter. Engineers Gate Manager LP now owns 60,210 shares of the company's stock worth $957,000 after buying an additional 8,161 shares during the last quarter. Finally, Bridgeway Capital Management LLC purchased a new stake in Bandwidth during the 2nd quarter valued at about $2,166,000. 68.53% of the stock is currently owned by hedge funds and other institutional investors.

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.