Bandwidth (NASDAQ:BAND) Director Sells 1,500 Shares of Stock

Bandwidth Inc. (NASDAQ:BAND) Director Lukas Roush sold 1,500 shares of the company’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $49.04, for a total transaction of $73,560.00. Following the sale, the director owned 58,769 shares of the company’s stock, valued at $2,882,031.76. The trade was a 2.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bandwidth Trading Up 0.4%

Shares of NASDAQ:BAND traded up $0.16 during midday trading on Monday, hitting $43.50. The company had a trading volume of 697,873 shares, compared to its average volume of 875,639. Bandwidth Inc. has a 12 month low of $12.50 and a 12 month high of $79.08. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.87. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -150.00, a PEG ratio of 3.78 and a beta of 3.01. The firm has a fifty day simple moving average of $52.53 and a 200 day simple moving average of $50.31.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%. The business had revenue of $219.90 million during the quarter, compared to analysts’ expectations of $217.62 million. 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, analysts predict that Bandwidth Inc. will post 0.65 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. acquired a new position in Bandwidth in the second quarter valued at about $70,000. State of Alaska Department of Revenue raised its position in shares of Bandwidth by 43.1% during the third quarter. State of Alaska Department of Revenue now owns 1,262 shares of the company’s stock worth $76,000 after purchasing an additional 380 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Bandwidth during the second quarter worth about $94,000. Corient Private Wealth LP bought a new position in shares of Bandwidth during the 2nd quarter valued at about $238,000. Finally, Diversified Trust Co bought a new position in shares of Bandwidth during the 1st quarter valued at about $184,000. 68.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BAND. Zacks Research downgraded shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Wall Street Zen upgraded shares of Bandwidth from a “hold” rating to a “buy” rating in a report on Saturday. Piper Sandler boosted their price objective on shares of Bandwidth from $38.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Weiss Ratings raised shares of Bandwidth from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Finally, Citigroup reiterated a “market outperform” rating on shares of Bandwidth in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $59.29.

About Bandwidth

Bandwidth Inc is a cloud communications company that provides application programming interfaces (APIs) and related services for businesses to build voice, messaging and emergency communications into their software and applications. Its platform is designed for enterprises, communications service providers and technology companies that need programmable communications capabilities.

The company’s offerings include voice calling, text messaging, toll-free and local phone numbers, authentication messaging, and 911 emergency services.