Insider Selling: Bandwidth (NASDAQ:BAND) General Counsel Sells 1,852 Shares of Stock

Key Points

• Richard Brandon Asbill, General Counsel of Bandwidth, sold 1,852 shares of the company at an average price of $15.09, reducing his position by 3.46% to a total of 51,617 shares.
• Bandwidth's stock recently traded at $15.25, with a market capitalization of $459.64 million and a twelve-month high of $23.00.
• Analysts have varying price targets for Bandwidth, with a consensus rating of "Moderate Buy" and an average price target of $20.80, reflecting mixed outlooks from different brokerages.

Bandwidth Inc. (NASDAQ:BAND - Get Free Report) General Counsel Richard Brandon Asbill sold 1,852 shares of Bandwidth stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $15.09, for a total value of $27,946.68. Following the sale, the general counsel directly owned 51,617 shares of the company's stock, valued at $778,900.53. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Bandwidth Stock Performance

Shares of Bandwidth stock traded up $0.25 on Tuesday, reaching $15.25. 245,491 shares of the stock were exchanged, compared to its average volume of 284,798. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.64. Bandwidth Inc. has a twelve month low of $11.33 and a twelve month high of $23.00. The firm has a market capitalization of $459.64 million, a price-to-earnings ratio of -44.85 and a beta of 1.81. The business has a 50 day moving average price of $14.85 and a two-hundred day moving average price of $14.39.

Bandwidth (NASDAQ:BAND - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.38 EPS for the quarter, topping 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 firm had revenue of $180.01 million during the quarter, compared to the consensus estimate of $178.87 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company'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. Analysts anticipate that Bandwidth Inc. will post 0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on BAND. JMP Securities reiterated a "market outperform" rating and set a $36.00 price target on shares of Bandwidth in a research report on Thursday, May 15th. Robert W. Baird reduced their price target on Bandwidth from $20.00 to $15.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $20.00 price target on shares of Bandwidth in a research report on Friday, June 13th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $20.80.

Institutional Trading of Bandwidth

A number of institutional investors and hedge funds have recently made changes to their positions in BAND. Nuveen LLC purchased a new stake in shares of Bandwidth in the first quarter valued at approximately $7,916,000. AQR Capital Management LLC increased its position in shares of Bandwidth by 303.1% in the first quarter. AQR Capital Management LLC now owns 393,907 shares of the company's stock valued at $5,160,000 after buying an additional 296,199 shares in the last quarter. Bridgeway Capital Management LLC purchased a new stake in shares of Bandwidth in the second quarter valued at approximately $2,166,000. Dimensional Fund Advisors LP increased its position in shares of Bandwidth by 9.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,249,120 shares of the company's stock valued at $21,260,000 after buying an additional 112,269 shares in the last quarter. Finally, Archon Capital Management LLC increased its position in shares of Bandwidth by 48.3% in the second quarter. Archon Capital Management LLC now owns 291,700 shares of the company's stock valued at $4,638,000 after buying an additional 95,000 shares in the last quarter. 68.53% of the stock is currently owned by hedge funds and other institutional investors.

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.

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