Bandwidth (NASDAQ:BAND) CFO Daryl Raiford Sells 4,673 Shares of Stock

Key Points

• Bandwidth CFO Daryl Raiford sold 4,673 shares at an average price of $49.15, worth approximately $229,678, reducing his direct ownership by 11.54% to 35,832 shares.
• Bandwidth shares rose 4.9% to $50.79, while the company’s latest quarterly results slightly exceeded expectations: adjusted EPS was $0.37 versus $0.36 expected, and revenue increased 22.2% year over year to $219.9 million.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $59.80; institutional investors own 68.53% of the stock.

Bandwidth Inc. (NASDAQ:BAND - Get Free Report) CFO Daryl Raiford sold 4,673 shares of the company's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $229,677.95. Following the sale, the chief financial officer directly owned 35,832 shares of the company's stock, valued at $1,761,142.80. This represents a 11.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Bandwidth Trading Up 4.9%

Shares of Bandwidth stock traded up $2.36 during trading on Tuesday, hitting $50.79. The stock had a trading volume of 900,407 shares, compared to its average volume of 873,670. The stock has a 50 day simple moving average of $56.46 and a 200 day simple moving average of $41.13. The company has a market capitalization of $1.63 billion, a PE ratio of -175.14 and a beta of 2.96. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.87. Bandwidth Inc. has a 1 year low of $12.50 and a 1 year high of $79.08.

Bandwidth (NASDAQ:BAND - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The business had revenue of $219.90 million during the quarter, compared to the consensus estimate of $217.62 million. The business's revenue for the quarter was up 22.2% on a year-over-year basis. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. On average, research analysts expect that Bandwidth Inc. will post 0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BAND shares. B. Riley Financial lifted their price target on Bandwidth from $55.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, July 9th. Needham & Company LLC reaffirmed a "buy" rating on shares of Bandwidth in a research note on Thursday, August 20th. Wall Street Zen downgraded Bandwidth from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 28th. Weiss Ratings lowered shares of Bandwidth from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday. Finally, Citizens Jmp raised their price target on shares of Bandwidth from $70.00 to $86.00 and gave the stock a "market outperform" rating in a report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.80.

Institutional Trading of Bandwidth

Hedge funds and other institutional investors have recently modified their holdings of the company. TD Waterhouse Canada Inc. acquired a new stake in Bandwidth during the second quarter valued at $70,000. Corient Private Wealth LP acquired a new position in Bandwidth in the 2nd quarter worth about $238,000. Tower Research Capital LLC TRC raised its stake in shares of 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 purchasing an additional 2,445 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Bandwidth during the 2nd quarter worth about $85,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Bandwidth during the 2nd quarter valued at about $128,000. 68.53% of the stock is currently owned by hedge funds and other institutional investors.

About Bandwidth

Bandwidth Inc operates a cloud-based communications platform that provides voice, messaging and emergency services APIs for enterprises and developers. Through its proprietary network and software-as-a-service model, the company enables customers to integrate programmable voice calls, text messaging and 9-1-1 routing into their applications. Bandwidth's solutions aim to reduce complexity and improve reliability in mission-critical communications, serving industries such as healthcare, financial services, on-demand mobility and customer engagement.

Founded in 1999 in Raleigh, North Carolina by co-founders David Morken and Henry Kaestner, Bandwidth initially focused on voice-over-IP infrastructure before evolving into a full communications API provider.

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