Bandwidth (NASDAQ:BAND) Director Sells $71,025.00 in Stock

Bandwidth Inc. (NASDAQ:BAND) Director Lukas Roush sold 1,500 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $47.35, for a total transaction of $71,025.00. Following the completion of the sale, the director directly owned 58,436 shares in the company, valued at approximately $2,766,944.60. The trade was a 2.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bandwidth Price Performance

BAND traded down $0.57 during midday trading on Monday, reaching $48.43. 1,858,045 shares of the company’s stock were exchanged, compared to its average volume of 873,498. The business’s 50-day moving average price is $56.51 and its 200 day moving average price is $40.88. The stock has a market capitalization of $1.56 billion, a PE ratio of -167.00 and a beta of 2.96. Bandwidth Inc. has a 1-year low of $12.50 and a 1-year high of $79.08. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.04 and a quick ratio of 2.04.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The business had revenue of $219.90 million during the quarter, compared to analysts’ expectations of $217.62 million. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. As a group, equities analysts anticipate that Bandwidth Inc. will post 0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BAND shares. Piper Sandler boosted their target price on shares of Bandwidth from $38.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Needham & Company LLC restated a “buy” rating on shares of Bandwidth in a research report on Thursday, August 20th. B. Riley Financial lifted their target price on shares of Bandwidth from $55.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Zacks Research downgraded Bandwidth from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Finally, Citizens Jmp boosted their price target on Bandwidth from $70.00 to $86.00 and gave the company a “market outperform” rating in a report on Monday, July 20th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.80.

Institutional Investors Weigh In On Bandwidth

Several hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in shares of Bandwidth by 138.9% in the 2nd quarter. Wellington Management Group LLP now owns 911,893 shares of the company’s stock valued at $57,723,000 after purchasing an additional 530,182 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Bandwidth by 299.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock worth $12,268,000 after buying an additional 516,117 shares during the last quarter. Bastion Asset Management Inc. acquired a new stake in shares of Bandwidth during the 1st quarter worth $6,592,000. CSM Advisors LLC acquired a new stake in shares of Bandwidth during the 4th quarter worth $5,342,000. Finally, AQR Capital Management LLC raised its position in shares of Bandwidth by 49.1% in the 2nd quarter. AQR Capital Management LLC now owns 587,305 shares of the company’s stock worth $9,338,000 after buying an additional 193,398 shares during the period. 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.