Rebecca Bottorff Sells 2,257 Shares of Bandwidth (NASDAQ:BAND) Stock

Key Points

• Insider Rebecca Bottorff sold 2,257 shares of Bandwidth stock for $34,058.13, reducing her stake by 5.02% to 42,706 shares valued at approximately $644,433.
• Bandwidth's stock recently increased by 1.7%, reaching $15.25 per share, while the company reported a negative net margin of 1.32% despite a year-over-year revenue increase of 3.4%.
• Brokerages have varying opinions on Bandwidth, with ratings ranging from "Buy" to "Sell," and a consensus target price of $20.80.

Bandwidth Inc. (NASDAQ:BAND - Get Free Report) insider Rebecca Bottorff sold 2,257 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $15.09, for a total transaction of $34,058.13. Following the sale, the insider owned 42,706 shares of the company's stock, valued at $644,433.54. This trade represents a 5.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, June 9th, Rebecca Bottorff sold 16,935 shares of Bandwidth stock. The shares were sold at an average price of $15.14, for a total transaction of $256,395.90.

Bandwidth Stock Up 1.7%

BAND stock traded up $0.25 during midday trading on Tuesday, reaching $15.25. 245,491 shares of the company's stock traded hands, compared to its average volume of 284,798. The company has a market cap of $459.64 million, a price-to-earnings ratio of -44.85 and a beta of 1.81. The firm's fifty day moving average price is $14.85 and its 200-day moving average price is $14.39. 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 52 week low of $11.33 and a 52 week high of $23.00.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BAND. Robert W. Baird lowered their target price on shares of Bandwidth from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. JMP Securities reissued a "market outperform" rating and set a $36.00 target price on shares of Bandwidth in a research report on Thursday, May 15th. Finally, Needham & Company LLC restated a "buy" rating and issued a $20.00 target price on shares of Bandwidth in a research note 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 company's stock. Based on data from MarketBeat.com, Bandwidth has a consensus rating of "Moderate Buy" and an average target price of $20.80.

Hedge Funds Weigh In On Bandwidth

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its position in Bandwidth by 53.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 21,876 shares of the company's stock valued at $287,000 after buying an additional 7,661 shares during the period. CWM LLC grew its position in Bandwidth by 326.8% during the first quarter. CWM LLC now owns 7,460 shares of the company's stock valued at $98,000 after buying an additional 5,712 shares during the period. Two Sigma Investments LP grew its position in Bandwidth by 8.9% during the fourth quarter. Two Sigma Investments LP now owns 108,338 shares of the company's stock valued at $1,844,000 after buying an additional 8,813 shares during the period. Nuveen LLC bought a new position in Bandwidth during the first quarter valued at about $7,916,000. Finally, Dimensional Fund Advisors LP grew its position in Bandwidth by 9.9% during 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 during the period. Institutional investors own 68.53% of the company's stock.

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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