Bandwidth (NASDAQ:BAND) General Counsel Richard Brandon Asbill Sells 1,832 Shares

Bandwidth Inc. (NASDAQ:BAND) General Counsel Richard Brandon Asbill sold 1,832 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.15, for a total value of $90,042.80. Following the sale, the general counsel directly owned 7,550 shares in the company, valued at $371,082.50. This trade represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Richard Brandon Asbill also recently made the following trade(s):

• On Friday, June 5th, Richard Brandon Asbill sold 29,214 shares of Bandwidth stock. The shares were sold at an average price of $72.03, for a total value of $2,104,284.42.

Bandwidth Stock Performance

Shares of BAND opened at $50.79 on Wednesday. Bandwidth Inc. has a one year low of $12.50 and a one 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. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -175.14 and a beta of 2.96. The company has a 50-day moving average of $56.42 and a two-hundred day moving average of $41.39.

Bandwidth (NASDAQ:BAND) last announced its earnings results on Wednesday, July 29th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $219.90 million for the quarter, compared to the consensus estimate of $217.62 million. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. Bandwidth’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. On average, equities research analysts expect that Bandwidth Inc. will post 0.65 earnings per share for the current year.

Hedge Funds Weigh In On Bandwidth

Several institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG raised its stake in shares of Bandwidth by 6.0% in the fourth quarter. Deutsche Bank AG now owns 18,343 shares of the company’s stock valued at $283,000 after acquiring an additional 1,043 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of Bandwidth during the second quarter valued at $70,000. Mercer Global Advisors Inc. ADV raised its holdings in Bandwidth by 2.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 53,681 shares of the company’s stock worth $895,000 after purchasing an additional 1,129 shares during the last quarter. Franklin Resources Inc. lifted its position in Bandwidth by 3.6% during the 4th quarter. Franklin Resources Inc. now owns 58,141 shares of the company’s stock valued at $898,000 after purchasing an additional 2,043 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Bandwidth by 8.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,896 shares of the company’s stock valued at $462,000 after purchasing an additional 2,250 shares during the last quarter. 68.53% of the stock is owned by institutional investors.

Key Bandwidth News

Here are the key news stories impacting Bandwidth this week:

• Positive Sentiment: Bandwidth’s latest quarterly results modestly exceeded expectations, with EPS of $0.37 versus the $0.36 consensus and revenue of $219.9 million versus $217.6 million expected. Revenue increased 22.2% year over year, and management’s full-year 2026 EPS guidance remains $1.71 to $1.79. Bandwidth stock and earnings information
• Positive Sentiment: Analyst opinion remains broadly supportive: five analysts rate Bandwidth a Buy and three rate it Hold, producing a “Moderate Buy” consensus and an average price target of $59.80. Recent institutional activity also included several new positions and a substantial increase by Tower Research Capital. Bandwidth analyst and institutional activity
• Neutral Sentiment: Director Lukas Roush sold 1,500 shares for $71,025 on August 27 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and reduced his holding by only 2.5%, it may carry limited signaling value. Bandwidth director stock sale
• Negative Sentiment: Seven Bandwidth executives and insiders sold approximately 22,050 shares worth about $1.02 million on August 31. The sellers included CEO David Morken, CFO Daryl Raiford, COO Devesh Agarwal and the general counsel; several reduced their holdings by double-digit percentages. The unusually concentrated selling may weigh on investor sentiment, even though insider sales do not necessarily indicate deteriorating business prospects. Bandwidth SEC insider filing

Analysts Set New Price Targets

BAND has been the subject of several analyst reports. Citizens Jmp boosted their target price on Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a report on Monday, July 20th. Weiss Ratings lowered shares of Bandwidth from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. Zacks Research cut shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Wall Street Zen downgraded Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 28th. Finally, Piper Sandler boosted their price target on Bandwidth from $38.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.