Kade Ross Sells 1,616 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) insider Kade Ross sold 1,616 shares of Bandwidth stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $79,426.40. Following the sale, the insider owned 48,071 shares in the company, valued at approximately $2,362,689.65. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bandwidth Price Performance

NASDAQ BAND traded up $2.36 on Tuesday, reaching $50.79. The company’s stock had a trading volume of 900,407 shares, compared to its average volume of 873,670. Bandwidth Inc. has a 52 week low of $12.50 and a 52 week 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 firm has a market cap of $1.63 billion, a PE ratio of -175.14 and a beta of 2.96. The business has a 50-day moving average price of $56.46 and a 200 day moving average price of $41.13.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BAND. Deutsche Bank AG boosted its holdings in shares of Bandwidth by 6.0% in the 4th quarter. Deutsche Bank AG now owns 18,343 shares of the company’s stock worth $283,000 after acquiring an additional 1,043 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in Bandwidth during the 2nd quarter worth approximately $70,000. Mercer Global Advisors Inc. ADV increased 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 valued at $895,000 after purchasing an additional 1,129 shares in the last quarter. Franklin Resources Inc. increased its holdings 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Bandwidth by 8.1% during 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 in the last quarter. Institutional investors own 68.53% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. 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. Needham & Company LLC reiterated a “buy” rating on shares of Bandwidth in a research note on Thursday, August 20th. Citigroup reissued a “market outperform” rating on shares of Bandwidth in a report on Monday, July 20th. Wall Street Zen downgraded shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 28th. Finally, Zacks Research lowered shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.