Rebecca Bottorff Sells 16,935 Shares of Bandwidth Inc. (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND - Get Free Report) insider Rebecca Bottorff sold 16,935 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $15.14, for a total value of $256,395.90. Following the transaction, the insider now owns 43,285 shares of the company's stock, valued at $655,334.90. This represents a 28.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Rebecca Bottorff also recently made the following trade(s):

• On Thursday, May 29th, Rebecca Bottorff sold 2,333 shares of Bandwidth stock. The shares were sold at an average price of $14.47, for a total transaction of $33,758.51.

Bandwidth Stock Down 3.3%

NASDAQ:BAND traded down $0.48 during trading hours on Thursday, reaching $14.20. The company's stock had a trading volume of 96,129 shares, compared to its average volume of 288,417. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $422.63 million, a price-to-earnings ratio of -24.91 and a beta of 1.82. Bandwidth Inc. has a one year low of $11.33 and a one year high of $23.90. The business's 50-day moving average is $13.34 and its 200-day moving average is $15.81.

Bandwidth (NASDAQ:BAND - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.07. Bandwidth had a negative net margin of 0.87% and a positive return on equity of 0.53%. The company had revenue of $174.24 million for the quarter, compared to analyst estimates of $168.96 million. During the same quarter last year, the firm posted $0.27 earnings per share. The company's quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts predict that Bandwidth Inc. will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Covestor Ltd acquired a new position in Bandwidth in the fourth quarter worth $25,000. New Age Alpha Advisors LLC acquired a new stake in shares of Bandwidth during the fourth quarter worth $50,000. SBI Securities Co. Ltd. acquired a new position in shares of Bandwidth during the 4th quarter worth about $69,000. US Bancorp DE increased its stake in Bandwidth by 11,281.3% in the first quarter. US Bancorp DE now owns 5,463 shares of the company's stock valued at $72,000 after purchasing an additional 5,415 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Bandwidth in the 1st quarter valued at $72,000. Institutional investors own 68.53% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on BAND shares. Robert W. Baird cut their price objective on shares of Bandwidth from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. JMP Securities reaffirmed a "market outperform" rating and set a $36.00 price target on shares of Bandwidth in a report on Thursday, May 15th. Morgan Stanley decreased their price objective on Bandwidth from $18.00 to $11.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. William Blair reaffirmed an "outperform" rating on shares of Bandwidth in a research note on Friday, February 21st. Finally, Barclays reduced their price target on Bandwidth from $25.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Bandwidth has a consensus rating of "Moderate Buy" and an average target price of $20.80.

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.