Kade Ross Sells 1,616 Shares of Bandwidth (NASDAQ:BAND) Stock

Key Points

• Bandwidth insider Kade Ross sold 1,616 shares at an average price of $49.15, generating $79,426.40; Ross retained 48,071 shares after the transaction.
• Bandwidth shares rose to $50.79, while the company’s latest quarterly results exceeded expectations with adjusted EPS of $0.37 and revenue of $219.9 million, up 22.2% year over year.
• Analysts maintain a “Moderate Buy” consensus rating, with five Buy ratings and three Holds and an average price target of $59.80.

Bandwidth Inc. (NASDAQ:BAND - Get Free Report) insider Kade Ross sold 1,616 shares of the firm's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $79,426.40. Following the completion of the transaction, the insider owned 48,071 shares in the company, valued at $2,362,689.65. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Bandwidth Stock Performance

Bandwidth stock traded up $2.36 on Tuesday, reaching $50.79. 900,407 shares of the stock were exchanged, compared to its average volume of 873,670. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.87. Bandwidth Inc. has a twelve month low of $12.50 and a twelve month high of $79.08. The firm has a fifty day moving average price of $56.46 and a two-hundred day moving average price of $41.13. The stock 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 results on Wednesday, July 29th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $219.90 million for the quarter, compared to the consensus estimate of $217.62 million. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.The firm's quarterly revenue 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 anticipate that Bandwidth Inc. will post 0.65 EPS for the current year.

Institutional Trading of Bandwidth

Several institutional investors have recently modified their holdings of the company. Deutsche Bank AG increased its position in shares of Bandwidth by 6.0% during the fourth quarter. Deutsche Bank AG now owns 18,343 shares of the company's stock valued at $283,000 after purchasing an additional 1,043 shares during the period. TD Waterhouse Canada Inc. bought a new position in Bandwidth in the second quarter worth $70,000. Mercer Global Advisors Inc. ADV lifted its position in Bandwidth by 2.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 53,681 shares of the company's stock worth $895,000 after purchasing an additional 1,129 shares during the period. Franklin Resources Inc. boosted its stake in Bandwidth by 3.6% during the fourth quarter. Franklin Resources Inc. now owns 58,141 shares of the company's stock worth $898,000 after buying an additional 2,043 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Bandwidth by 8.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,896 shares of the company's stock worth $462,000 after buying an additional 2,250 shares in the last quarter. Institutional investors and hedge funds own 68.53% of the company's stock.

Wall Street Analyst Weigh In

BAND has been the topic of several recent analyst reports. Piper Sandler lifted their price target on Bandwidth from $38.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 19th. Zacks Research cut Bandwidth from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 3rd. Wall Street Zen downgraded shares of Bandwidth from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 28th. B. Riley Financial boosted their target price on shares of Bandwidth from $55.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Bandwidth in a research report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Bandwidth presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.80.

Bandwidth Company Profile

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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