Insider Selling: Bandwidth (NASDAQ:BAND) CFO Sells 5,000 Shares of Stock

Key Points

• Daryl Raiford, CFO of Bandwidth Inc., sold 5,000 shares on September 8th at an average price of $15.71, reducing his holdings by 4.56% and leaving him with approximately 104,538 shares valued at $1.64 million.
• Bandwidth's stock has traded down 0.7% to $15.59, with a market capitalization of $469.88 million and a PE ratio of 120.77.
• Analysts have a "Moderate Buy" rating on Bandwidth with an average target price of $20.80, one research firm predicting a Q3 EPS of $0.22 for the current fiscal year.

Bandwidth Inc. (NASDAQ:BAND - Get Free Report) CFO Daryl Raiford sold 5,000 shares of Bandwidth stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $15.71, for a total value of $78,550.00. Following the completion of the sale, the chief financial officer directly owned 104,538 shares in the company, valued at approximately $1,642,291.98. The trade was a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Daryl Raiford also recently made the following trade(s):

• On Tuesday, September 9th, Daryl Raiford sold 14,143 shares of Bandwidth stock. The shares were sold at an average price of $15.47, for a total value of $218,792.21.
• On Monday, September 8th, Daryl Raiford sold 1,625 shares of Bandwidth stock. The shares were sold at an average price of $15.70, for a total value of $25,512.50.
• On Friday, September 5th, Daryl Raiford sold 19,000 shares of Bandwidth stock. The shares were sold at an average price of $15.50, for a total value of $294,500.00.
• On Thursday, September 4th, Daryl Raiford sold 2,594 shares of Bandwidth stock. The shares were sold at an average price of $15.46, for a total value of $40,103.24.
• On Wednesday, September 3rd, Daryl Raiford sold 4,117 shares of Bandwidth stock. The shares were sold at an average price of $15.23, for a total value of $62,701.91.
• On Tuesday, September 2nd, Daryl Raiford sold 2,150 shares of Bandwidth stock. The shares were sold at an average price of $14.96, for a total value of $32,164.00.
• On Friday, August 29th, Daryl Raiford sold 3,488 shares of Bandwidth stock. The shares were sold at an average price of $15.09, for a total value of $52,633.92.
• On Wednesday, July 23rd, Daryl Raiford sold 1,136 shares of Bandwidth stock. The shares were sold at an average price of $15.65, for a total value of $17,778.40.
• On Tuesday, July 22nd, Daryl Raiford sold 1,849 shares of Bandwidth stock. The shares were sold at an average price of $15.46, for a total value of $28,585.54.

Bandwidth Trading Down 0.7%

BAND traded down $0.11 during trading hours on Tuesday, reaching $15.59. 234,262 shares of the company's stock traded hands, compared to its average volume of 205,877. The firm has a 50-day moving average price of $14.90 and a 200 day moving average price of $14.31. Bandwidth Inc. has a 52-week low of $11.33 and a 52-week high of $23.00. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $469.88 million, a PE ratio of 120.77 and a beta of 1.81.

Bandwidth (NASDAQ:BAND - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $180.01 million during the quarter, compared to analysts' expectations of $178.87 million. During the same quarter in the previous year, the business earned $0.29 EPS. Bandwidth's revenue was up 3.4% compared to the same quarter last year. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts predict that Bandwidth Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JMP Securities reiterated a "market outperform" rating and issued a $36.00 target price on shares of Bandwidth in a report on Thursday, May 15th. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 target price on shares of Bandwidth in a report on Friday, June 13th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Bandwidth presently has an average rating of "Moderate Buy" and an average target price of $20.80.

Institutional Investors Weigh In On Bandwidth

A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Bandwidth by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,185 shares of the company's stock worth $241,000 after purchasing an additional 608 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Bandwidth by 3.7% during the 1st quarter. Rhumbline Advisers now owns 35,603 shares of the company's stock worth $466,000 after purchasing an additional 1,255 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Bandwidth by 10.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,182 shares of the company's stock worth $293,000 after purchasing an additional 1,658 shares during the last quarter. Algert Global LLC lifted its stake in shares of Bandwidth by 10.4% during the 4th quarter. Algert Global LLC now owns 18,280 shares of the company's stock worth $311,000 after purchasing an additional 1,720 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of Bandwidth by 10.0% during the 1st quarter. AlphaQuest LLC now owns 19,451 shares of the company's stock worth $255,000 after purchasing an additional 1,767 shares during the last quarter. 68.53% of the stock is currently owned by hedge funds and other institutional investors.

Bandwidth Company Profile

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.

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