Insider Selling: Bandwidth (NASDAQ:BAND) General Counsel Sells 1,832 Shares

Key Points

• Bandwidth General Counsel Richard Brandon Asbill sold 1,832 shares at an average price of $49.15, receiving $90,042.80 and reducing his holdings by 19.53% to 7,550 shares. He had also sold 29,214 shares in June at an average price of $72.03.
• Bandwidth reported quarterly revenue of $219.9 million, up 22.2% year over year, and adjusted earnings of $0.37 per share, narrowly beating analyst expectations.
• Analysts maintain a generally positive outlook, with five Buy and three Hold ratings, 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) General Counsel Richard Brandon Asbill sold 1,832 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 $90,042.80. Following the transaction, the general counsel owned 7,550 shares in the company, valued at $371,082.50. This represents a 19.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Richard Brandon Asbill also recently made the following trade(s):

• On Friday, June 5th, Richard Brandon Asbill sold 29,214 shares of Bandwidth stock. The shares were sold at an average price of $72.03, for a total transaction of $2,104,284.42.

Bandwidth Stock Performance

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

Bandwidth (NASDAQ:BAND - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The company had revenue of $219.90 million for the quarter, compared to the consensus estimate of $217.62 million. The company'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. Sell-side analysts predict that Bandwidth Inc. will post 0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BAND shares. Weiss Ratings cut Bandwidth from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday. B. Riley Financial lifted their price objective on Bandwidth from $55.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Citizens Jmp upped their price objective on Bandwidth from $70.00 to $86.00 and gave the company a "market outperform" rating in a research report on Monday, July 20th. Needham & Company LLC reissued a "buy" rating on shares of Bandwidth in a report on Thursday, August 20th. Finally, Zacks Research cut Bandwidth from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 3rd. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $59.80.

Institutional Trading of Bandwidth

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its position in Bandwidth by 15.0% in the second quarter. Rhumbline Advisers now owns 40,927 shares of the company's stock worth $651,000 after acquiring an additional 5,324 shares during the period. Quantbot Technologies LP bought a new stake in shares of Bandwidth during the 2nd quarter valued at $128,000. Arrowstreet Capital Limited Partnership grew its position in shares of Bandwidth by 26.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 373,153 shares of the company's stock valued at $5,933,000 after acquiring an additional 78,360 shares during the period. Invesco Ltd. increased its stake in shares of Bandwidth by 4.7% in the 2nd quarter. Invesco Ltd. now owns 56,367 shares of the company's stock worth $896,000 after purchasing an additional 2,532 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Bandwidth in the 2nd quarter worth $221,000. 68.53% of the stock is 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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