Kade Ross Sells 1,588 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) insider Kade Ross sold 1,588 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $58.85, for a total value of $93,453.80. Following the transaction, the insider directly owned 47,996 shares of the company’s stock, valued at approximately $2,824,564.60. The trade was a 3.20% 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.

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

• On Monday, May 11th, Kade Ross sold 20,000 shares of Bandwidth stock. The shares were sold at an average price of $51.56, for a total value of $1,031,200.00.
• On Thursday, April 30th, Kade Ross sold 10,000 shares of Bandwidth stock. The shares were sold at an average price of $31.59, for a total value of $315,900.00.

Bandwidth Trading Up 9.1%

BAND stock traded up $5.92 during midday trading on Monday, reaching $70.89. 1,730,440 shares of the company traded hands, compared to its average volume of 634,328. Bandwidth Inc. has a 52-week low of $12.50 and a 52-week high of $71.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. The business has a 50 day moving average of $33.10 and a 200-day moving average of $21.01. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -186.55 and a beta of 2.93.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate 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. As a group, sell-side analysts expect that Bandwidth Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BAND has been the topic of a number of recent research reports. Needham & Company LLC upped their price objective on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bandwidth in a report on Monday, April 20th. Citigroup reiterated an “outperform” rating on shares of Bandwidth in a report on Thursday, April 30th. Zacks Research upgraded Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Citizens Jmp increased their price target on Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Bandwidth currently has a consensus rating of “Moderate Buy” and an average price target of $43.25.

Institutional Trading of Bandwidth

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its position in Bandwidth by 183.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock valued at $60,000 after acquiring an additional 2,445 shares in the last quarter. State of Wyoming bought a new stake in Bandwidth during the 3rd quarter valued at $71,000. Raymond James Financial Inc. bought a new stake in Bandwidth during the 2nd quarter valued at $85,000. Quantbot Technologies LP acquired a new stake in shares of Bandwidth in the 2nd quarter worth $128,000. Finally, AlphaQuest LLC boosted its position in shares of Bandwidth by 29.1% in the 3rd quarter. AlphaQuest LLC now owns 10,139 shares of the company’s stock worth $169,000 after purchasing an additional 2,288 shares in the last quarter. Institutional investors own 68.53% of the company’s stock.

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.