Key Points
- Bandwidth General Counsel Richard Brandon Asbill sold 29,214 shares on June 5 at an average price of $72.03, generating about $2.1 million. After the sale, he retained 3,000 shares, a 90.69% reduction in his ownership.
- The insider sale comes after another recent transaction on May 29, when Asbill sold 1,781 shares for about $104,812. Bandwidth stock was noted as down 4.7% in the article.
- Bandwidth recently reported better-than-expected quarterly results, with EPS of $0.38 versus estimates of $0.32 and revenue of $208.78 million versus expectations of $201.58 million. Analysts currently hold a Moderate Buy consensus, with an average target price of $43.25.
Bandwidth Inc. (NASDAQ:BAND - Get Free Report) General Counsel Richard Brandon Asbill sold 29,214 shares of the company's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $72.03, for a total value of $2,104,284.42. Following the completion of the sale, the general counsel owned 3,000 shares in the company, valued at $216,090. The trade was a 90.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Richard Brandon Asbill also recently made the following trade(s):
- On Friday, May 29th, Richard Brandon Asbill sold 1,781 shares of Bandwidth stock. The shares were sold at an average price of $58.85, for a total transaction of $104,811.85.
Bandwidth Stock Down 4.7%
Bandwidth stock opened at $68.84 on Tuesday. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -181.16 and a beta of 2.93. Bandwidth Inc. has a 52-week low of $12.50 and a 52-week high of $75.98. 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 firm has a 50 day moving average price of $39.50 and a two-hundred day moving average price of $23.35.
Bandwidth (NASDAQ:BAND - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.06. Bandwidth had a negative net margin of 0.64% and a positive return on equity of 1.47%. The company had revenue of $208.78 million for the quarter, compared to analyst estimates 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. Equities analysts predict that Bandwidth Inc. will post 0.55 EPS for the current year.
Institutional Investors Weigh In On Bandwidth
A number of hedge funds have recently added to or reduced their stakes in BAND. Vanguard Group Inc. raised its position in shares of Bandwidth by 3.5% during the third quarter. Vanguard Group Inc. now owns 1,988,533 shares of the company's stock worth $33,149,000 after purchasing an additional 67,428 shares during the period. Dimensional Fund Advisors LP grew its position in Bandwidth by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,551,508 shares of the company's stock valued at $27,647,000 after purchasing an additional 91,812 shares during the period. Portolan Capital Management LLC increased its stake in Bandwidth by 115.8% during the 3rd quarter. Portolan Capital Management LLC now owns 745,802 shares of the company's stock valued at $12,433,000 after purchasing an additional 400,231 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Bandwidth by 299.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company's stock worth $12,268,000 after buying an additional 516,117 shares during the last quarter. Finally, State Street Corp raised its holdings in Bandwidth by 2.6% during the fourth quarter. State Street Corp now owns 649,426 shares of the company's stock worth $10,034,000 after buying an additional 16,654 shares during the last quarter. Institutional investors and hedge funds own 68.53% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently commented on BAND. Wall Street Zen lowered Bandwidth from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 16th. Citizens Jmp boosted their price target on Bandwidth from $45.00 to $70.00 and gave the company a "market outperform" rating in a research note on Friday, May 15th. Citigroup restated an "outperform" rating on shares of Bandwidth in a report on Thursday, April 30th. B. Riley Financial raised their price objective on shares of Bandwidth from $20.00 to $27.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Bandwidth in a research note on Monday, April 20th. One research 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 company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.25.
View Our Latest Stock Analysis on Bandwidth
Bandwidth Company Profile
(
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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