Kade Ross Sells 20,000 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) insider Kade Ross sold 20,000 shares of Bandwidth stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $51.56, for a total transaction of $1,031,200.00. Following the sale, the insider owned 43,894 shares in the company, valued at approximately $2,263,174.64. This trade represents a 31.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kade Ross also recently made the following trade(s):

• On Thursday, April 30th, Kade Ross sold 10,000 shares of Bandwidth stock. The shares were sold at an average price of $31.59, for a total transaction of $315,900.00.

Bandwidth Price Performance

NASDAQ:BAND traded down $0.51 on Tuesday, reaching $49.44. The stock had a trading volume of 833,660 shares, compared to its average volume of 565,663. The company has a market capitalization of $1.58 billion, a P/E ratio of -130.11 and a beta of 2.72. Bandwidth Inc. has a 1-year low of $12.50 and a 1-year high of $53.21. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average price of $21.56 and a 200-day moving average price of $16.97.

Bandwidth (NASDAQ:BAND) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The firm had revenue of $208.78 million for the quarter, compared to analyst estimates of $201.58 million. Bandwidth had a negative net margin of 0.64% and a positive return on equity of 1.47%. Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. Research analysts forecast that Bandwidth Inc. will post 0.55 EPS for the current year.

Institutional Investors Weigh In On Bandwidth

A number of institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG raised its stake in shares of Bandwidth by 6.0% during the fourth quarter. Deutsche Bank AG now owns 18,343 shares of the company’s stock worth $283,000 after buying an additional 1,043 shares during the last quarter. Principal Financial Group Inc. increased its stake in Bandwidth by 6.1% in the third quarter. Principal Financial Group Inc. now owns 19,383 shares of the company’s stock valued at $323,000 after purchasing an additional 1,114 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Bandwidth by 2.1% in the third 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. Bailard Inc. increased its stake in Bandwidth by 11.0% in the third quarter. Bailard Inc. now owns 19,200 shares of the company’s stock valued at $320,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Bandwidth by 3.6% in the fourth 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. 68.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup restated an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Zacks Research upgraded shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Needham & Company LLC upped their target price on shares of Bandwidth from $20.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

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.