Key Points
- CFO Daryl Raiford sold 6,719 shares on Dec. 4 at an average price of $14.50 for $97,425.50, trimming his stake by 6.82% to 91,816 shares (valued at about $1.33M).
- Shares traded at $14.93 (up $0.22) with a 52-week range of $11.33–$21.08 and a market cap of $455.5M; analysts have a consensus "Hold" rating and an average target price of $21 (five Buys, one Hold, two Sells).
- Institutions own roughly 68.5% of Bandwidth, and several funds boosted or initiated positions in Q3 (e.g., Algert Global +178.7%, Numerai GP +62.3%, Ameriprise +10.5%).
Bandwidth Inc. (NASDAQ:BAND - Get Free Report) CFO Daryl Raiford sold 6,719 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $14.50, for a total transaction of $97,425.50. Following the sale, the chief financial officer directly owned 91,816 shares of the company's stock, valued at $1,331,332. The trade was a 6.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Daryl Raiford also recently made the following trade(s):
- On Tuesday, September 9th, Daryl Raiford sold 14,143 shares of Bandwidth stock. The shares were sold at an average price of $15.47, for a total transaction of $218,792.21.
- On Monday, September 8th, Daryl Raiford sold 1,625 shares of Bandwidth stock. The stock was sold at an average price of $15.70, for a total value of $25,512.50.
- On Monday, September 8th, Daryl Raiford sold 5,000 shares of Bandwidth stock. The shares were sold at an average price of $15.71, for a total value of $78,550.00.
- On Friday, September 5th, Daryl Raiford sold 19,000 shares of Bandwidth stock. The shares were sold at an average price of $15.50, for a total transaction of $294,500.00.
Bandwidth Price Performance
Shares of NASDAQ:BAND traded up $0.22 during trading on Friday, reaching $14.93. 11,563 shares of the company's stock traded hands, compared to its average volume of 272,824. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.63. Bandwidth Inc. has a fifty-two week low of $11.33 and a fifty-two week high of $21.08. The company has a 50-day simple moving average of $15.29 and a 200-day simple moving average of $15.12. The firm has a market cap of $455.51 million, a PE ratio of -38.27 and a beta of 2.11.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Bandwidth from a "buy" rating to a "hold" rating in a research report on Saturday, November 1st. Wedbush restated an "outperform" rating on shares of Bandwidth in a report on Wednesday, September 17th. Robert W. Baird set a $16.00 price target on Bandwidth in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Bandwidth in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $21.00.
Read Our Latest Report on Bandwidth
Institutional Trading of Bandwidth
Institutional investors and hedge funds have recently bought and sold shares of the business. Numerai GP LLC boosted its position in Bandwidth by 62.3% in the 3rd quarter. Numerai GP LLC now owns 20,430 shares of the company's stock valued at $341,000 after buying an additional 7,839 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of Bandwidth by 2.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 53,681 shares of the company's stock worth $895,000 after acquiring an additional 1,129 shares during the period. Brevan Howard Capital Management LP acquired a new stake in shares of Bandwidth in the third quarter valued at $174,000. Algert Global LLC raised its stake in shares of Bandwidth by 178.7% in the third quarter. Algert Global LLC now owns 160,977 shares of the company's stock valued at $2,683,000 after acquiring an additional 103,207 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Bandwidth by 10.5% in the third quarter. Ameriprise Financial Inc. now owns 642,264 shares of the company's stock valued at $10,707,000 after purchasing an additional 61,004 shares during the period. 68.53% of the stock is currently owned by hedge funds and other institutional investors.
Bandwidth Company Profile
(
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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