Insider Selling: Bandwidth (NASDAQ:BAND) CEO Sells 5,128 Shares of Stock

Bandwidth Inc. (NASDAQ:BAND) CEO David Morken sold 5,128 shares of Bandwidth stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $49.15, for a total transaction of $252,041.20. Following the completion of the transaction, the chief executive officer directly owned 6,702 shares in the company, valued at approximately $329,403.30. This trade represents a 43.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Bandwidth Trading Up 4.9%

Shares of BAND stock traded up $2.36 during trading hours on Tuesday, reaching $50.79. 900,407 shares of the stock traded hands, compared to its average volume of 873,670. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $1.63 billion, a PE ratio of -175.14 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 business has a fifty day moving average price of $56.46 and a 200 day moving average price of $41.13.

Bandwidth (NASDAQ:BAND) last released its earnings results on Wednesday, July 29th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $219.90 million during the quarter, compared to analyst estimates of $217.62 million. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.The company’s revenue was up 22.2% compared to the same quarter last year. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. On average, equities research analysts forecast that Bandwidth Inc. will post 0.65 EPS for the current year.

Institutional Investors Weigh In On Bandwidth

A number of large investors have recently bought and sold shares of the business. UBS Group AG boosted its stake in shares of Bandwidth by 189.2% during the 4th quarter. UBS Group AG now owns 205,300 shares of the company’s stock worth $3,172,000 after acquiring an additional 134,309 shares in the last quarter. Bastion Asset Management Inc. bought a new position in shares of Bandwidth in the 1st quarter valued at approximately $6,592,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in Bandwidth in the 4th quarter worth approximately $1,622,000. Walleye Capital LLC bought a new stake in Bandwidth during the first quarter worth approximately $1,069,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Bandwidth by 299.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock worth $12,268,000 after purchasing an additional 516,117 shares during the period. 68.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen lowered Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 28th. B. Riley Financial upped their target price on Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Citigroup reissued a “market outperform” rating on shares of Bandwidth in a research report on Monday, July 20th. Piper Sandler raised their price target on shares of Bandwidth from $38.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Finally, Citizens Jmp boosted their price objective on shares of Bandwidth from $70.00 to $86.00 and gave the company a “market outperform” rating in a research report on Monday, July 20th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.80.

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.