Kade Ross Sells 20,000 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) insider Kade Ross sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $51.56, for a total value of $1,031,200.00. Following the completion of the sale, the insider owned 43,894 shares in the company, valued at approximately $2,263,174.64. This represents a 31.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kade Ross also recently made the following trade(s):

• On Thursday, April 30th, Kade Ross sold 10,000 shares of Bandwidth stock. The stock was sold at an average price of $31.59, for a total value of $315,900.00.

Bandwidth Trading Up 3.2%

Bandwidth stock opened at $51.01 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. Bandwidth Inc. has a 12 month low of $12.50 and a 12 month high of $53.21. The stock’s 50 day simple moving average is $22.97 and its two-hundred day simple moving average is $17.44. The firm has a market cap of $1.63 billion, a PE ratio of -134.24 and a beta of 2.72.

Bandwidth (NASDAQ:BAND) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.The business had revenue of $208.78 million for the quarter, compared to analyst estimates of $201.58 million. Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. Analysts anticipate that Bandwidth Inc. will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on BAND. Weiss Ratings restated a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Needham & Company LLC upped their price objective on Bandwidth from $20.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Citigroup restated an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. B. Riley Financial upped their price objective on Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Zacks Research upgraded Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BAND. Rhumbline Advisers raised its stake in shares of Bandwidth by 15.0% during the 2nd quarter. Rhumbline Advisers now owns 40,927 shares of the company’s stock worth $651,000 after buying an additional 5,324 shares during the period. Quantbot Technologies LP acquired a new position in shares of Bandwidth during the 2nd quarter worth approximately $128,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Bandwidth by 26.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 373,153 shares of the company’s stock worth $5,933,000 after buying an additional 78,360 shares during the period. Invesco Ltd. raised its stake in shares of Bandwidth by 4.7% during the 2nd quarter. Invesco Ltd. now owns 56,367 shares of the company’s stock worth $896,000 after buying an additional 2,532 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of Bandwidth during the 2nd quarter worth approximately $221,000. 68.53% of the stock is owned by institutional investors and hedge funds.

About Bandwidth

Bandwidth Inc operates a cloud-based communications platform that provides voice, messaging and emergency services APIs for enterprises and developers. Through its proprietary network and software-as-a-service model, the company enables customers to integrate programmable voice calls, text messaging and 9-1-1 routing into their applications. Bandwidth’s solutions aim to reduce complexity and improve reliability in mission-critical communications, serving industries such as healthcare, financial services, on-demand mobility and customer engagement.

Founded in 1999 in Raleigh, North Carolina by co-founders David Morken and Henry Kaestner, Bandwidth initially focused on voice-over-IP infrastructure before evolving into a full communications API provider.