Richard Brandon Asbill Sells 1,852 Shares of Bandwidth (NASDAQ:BAND) 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 the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $15.09, for a total value of $27,946.68. Following the transaction, the general counsel directly owned 51,617 shares of the company's stock, valued at $778,900.53. The trade was a 3.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bandwidth Price Performance

Shares of BAND stock traded up $0.03 during trading hours on Friday, reaching $15.68. The company had a trading volume of 255,500 shares, compared to its average volume of 204,734. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a fifty day moving average of $14.91 and a 200-day moving average of $14.31. The company has a market capitalization of $472.60 million, a price-to-earnings ratio of -46.12 and a beta of 1.81. Bandwidth Inc. has a 12-month low of $11.33 and a 12-month high of $23.00.

Bandwidth (NASDAQ:BAND - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $180.01 million during the quarter, compared to analyst estimates of $178.87 million. Bandwidth had a positive return on equity of 1.43% and a negative net margin of 1.32%.The business's revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts anticipate that Bandwidth Inc. will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its position in Bandwidth by 183.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company's stock worth $60,000 after acquiring an additional 2,445 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Bandwidth during the second quarter worth $85,000. US Bancorp DE boosted its position in shares of Bandwidth by 11,281.3% during the first quarter. US Bancorp DE now owns 5,463 shares of the company's stock worth $72,000 after buying an additional 5,415 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Bandwidth during the first quarter worth $72,000. Finally, GAMMA Investing LLC boosted its position in shares of Bandwidth by 16,036.6% during the first quarter. GAMMA Investing LLC now owns 6,616 shares of the company's stock worth $87,000 after buying an additional 6,575 shares during the period. 68.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BAND has been the subject of a number of analyst reports. JMP Securities restated a "market outperform" rating and issued a $36.00 price target on shares of Bandwidth in a research report on Thursday, May 15th. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price objective on shares of Bandwidth in a research report on Friday, June 13th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Bandwidth has a consensus 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.