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 the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $15.71, for a total value of $78,550.00. Following the completion of the transaction, the chief financial officer directly owned 104,538 shares in the company, valued at approximately $1,642,291.98. This represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 Up 0.1%

Shares of Bandwidth stock traded up $0.01 during trading on Friday, reaching $16.41. 314,602 shares of the stock were exchanged, compared to its average volume of 228,109. 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 stock's fifty day moving average is $14.89 and its 200 day moving average is $14.28. The firm has a market cap of $494.60 million, a price-to-earnings ratio of -48.26 and a beta of 1.81. Bandwidth Inc. has a 1 year low of $11.33 and a 1 year high of $23.00.

Bandwidth (NASDAQ:BAND - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.06. The company had revenue of $180.01 million during the quarter, compared to analyst estimates of $178.87 million. Bandwidth had a negative net margin of 1.32% and a positive return on equity of 1.43%. Bandwidth's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that Bandwidth Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Bandwidth

Several institutional investors and hedge funds have recently bought and sold shares of BAND. Nuveen LLC purchased a new stake in Bandwidth in the first quarter worth about $7,916,000. AQR Capital Management LLC lifted its holdings in Bandwidth by 303.1% in the first quarter. AQR Capital Management LLC now owns 393,907 shares of the company's stock worth $5,160,000 after buying an additional 296,199 shares during the period. Bridgeway Capital Management LLC purchased a new stake in Bandwidth in the second quarter worth about $2,166,000. Archon Capital Management LLC lifted its holdings in Bandwidth by 48.3% in the second quarter. Archon Capital Management LLC now owns 291,700 shares of the company's stock worth $4,638,000 after buying an additional 95,000 shares during the period. Finally, Millennium Management LLC lifted its holdings in Bandwidth by 213.5% in the fourth quarter. Millennium Management LLC now owns 136,442 shares of the company's stock worth $2,322,000 after buying an additional 92,915 shares during the period. 68.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a "buy" rating and set a $20.00 target price on shares of Bandwidth in a report on Friday, June 13th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Bandwidth presently has an average rating of "Moderate Buy" and a consensus 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.