Key Points
- Bandwidth CFO Daryl Raiford sold 16,100 shares on March 13 at an average price of $15.19 for $244,559, leaving him with 36,645 shares — a 30.52% decrease in his ownership, disclosed in an SEC filing.
- Stock and analyst snapshot: BAND opened at $14.93, trades in a 52‑week range of $11.33–$18.63 with a market cap of $468.7M and a negative P/E of -34.72, and carries a consensus "Hold" rating with a $20.60 price target (4 Buys, 1 Hold, 2 Sells).
- Institutional backing: Hedge funds and other institutions own 68.53% of Bandwidth, with large investors such as Vanguard, Dimensional and Portolan increasing their positions recently.
Bandwidth Inc. (NASDAQ:BAND - Get Free Report) CFO Daryl Raiford sold 16,100 shares of the business's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $15.19, for a total value of $244,559.00. Following the sale, the chief financial officer directly owned 36,645 shares of the company's stock, valued at $556,637.55. This represents a 30.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Bandwidth Stock Performance
Shares of Bandwidth stock opened at $14.93 on Tuesday. Bandwidth Inc. has a 52 week low of $11.33 and a 52 week high of $18.63. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average price of $14.24 and a 200-day moving average price of $15.05. The company has a market cap of $468.65 million, a PE ratio of -34.72 and a beta of 2.14.
Analysts Set New Price Targets
A number of research firms recently commented on BAND. Weiss Ratings reissued a "sell (d-)" rating on shares of Bandwidth in a research report on Wednesday, January 21st. B. Riley Financial began coverage on shares of Bandwidth in a research note on Friday, January 23rd. They issued a "buy" rating and a $20.00 target price for the company. Finally, Wall Street Zen downgraded shares of Bandwidth from a "buy" rating to a "hold" rating in a report on Sunday, December 14th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Bandwidth has a consensus rating of "Hold" and a consensus price target of $20.60.
Check Out Our Latest Research Report on BAND
Hedge Funds Weigh In On Bandwidth
Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Bandwidth by 3.5% in the third quarter. Vanguard Group Inc. now owns 1,988,533 shares of the company's stock valued at $33,149,000 after acquiring an additional 67,428 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Bandwidth by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,464,976 shares of the company's stock worth $24,423,000 after acquiring an additional 30,248 shares during the period. Portolan Capital Management LLC boosted its position in Bandwidth by 115.8% in the third quarter. Portolan Capital Management LLC now owns 745,802 shares of the company's stock worth $12,433,000 after purchasing an additional 400,231 shares during the last quarter. State Street Corp boosted its position in Bandwidth by 2.6% in the fourth quarter. State Street Corp now owns 649,426 shares of the company's stock worth $10,034,000 after purchasing an additional 16,654 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Bandwidth by 8.9% in the 2nd quarter. Geode Capital Management LLC now owns 648,763 shares of the company's stock valued at $10,318,000 after purchasing an additional 52,762 shares during the period. Hedge funds and other institutional investors own 68.53% of the company's stock.
About Bandwidth
(
Get Free Report)
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.
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