Key Points
- Director John Murdock sold 1,215 shares on Dec. 1 at an average price of $14.03 for $17,046.45, trimming his stake by 1.07% to 112,156 shares (worth about $1.57M).
- Bandwidth (BAND) shares opened at $14.21 with 50‑ and 200‑day SMAs of $15.40 and $15.13 respectively; the company has a market cap of $433.7M, a negative P/E (‑36.44) and a 12‑month range of $11.33–$21.08.
- Analyst coverage is mixed (five Buys, one Hold, two Sells) with a MarketBeat consensus rating of "Hold" and a $21.00 consensus price target, while institutional investors own about 68.53% of the stock.
Bandwidth Inc. (NASDAQ:BAND - Get Free Report) Director John Murdock sold 1,215 shares of the business's stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $14.03, for a total value of $17,046.45. Following the completion of the sale, the director owned 112,156 shares of the company's stock, valued at approximately $1,573,548.68. This represents a 1.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Bandwidth Stock Performance
Shares of BAND opened at $14.21 on Wednesday. The company's 50 day simple moving average is $15.40 and its 200-day simple moving average is $15.13. The firm has a market cap of $433.69 million, a PE ratio of -36.44 and a beta of 2.11. Bandwidth Inc. has a 12-month low of $11.33 and a 12-month high of $21.08. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63.
Wall Street Analyst Weigh In
BAND has been the topic of several research reports. Wedbush reissued an "outperform" rating on shares of Bandwidth in a research report on Wednesday, September 17th. Wall Street Zen downgraded shares of Bandwidth from a "buy" rating to a "hold" rating in a research note on Saturday, November 1st. Robert W. Baird set a $16.00 price target on Bandwidth in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Bandwidth in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Bandwidth currently has an average rating of "Hold" and a consensus price target of $21.00.
Get Our Latest Analysis on Bandwidth
Institutional Investors Weigh In On Bandwidth
A number of hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new stake in Bandwidth in the 1st quarter valued at approximately $249,000. XTX Topco Ltd purchased a new stake in shares of Bandwidth in the first quarter valued at approximately $495,000. US Bancorp DE boosted its stake in shares of Bandwidth by 11,281.3% in the first quarter. US Bancorp DE now owns 5,463 shares of the company's stock valued at $72,000 after buying an additional 5,415 shares in the last quarter. New Age Alpha Advisors LLC grew its holdings in Bandwidth by 363.0% during the first quarter. New Age Alpha Advisors LLC now owns 13,640 shares of the company's stock worth $179,000 after acquiring an additional 10,694 shares during the period. Finally, Vanguard Group Inc. raised its position in Bandwidth by 0.9% in the first quarter. Vanguard Group Inc. now owns 1,785,698 shares of the company's stock worth $23,393,000 after acquiring an additional 16,671 shares in the last quarter. Institutional investors and hedge funds own 68.53% of the company's stock.
About Bandwidth
(
Get Free Report)
Bandwidth is a leading enterprise cloud communications company. Companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth's APIs to easily embed voice, messaging, and emergency services into software and applications. Bandwidth is the first and only CPaaS provider offering a robust selection of communications APIs built around their own IP voice network.
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