David Morken Sells 5,128 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) CEO David Morken sold 5,128 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.15, for a total value of $252,041.20. Following the transaction, the chief executive officer owned 6,702 shares of the company’s stock, valued at approximately $329,403.30. The trade was a 43.35% 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.

Bandwidth Stock Performance

NASDAQ BAND traded up $2.36 during trading hours on Tuesday, hitting $50.79. The company had a trading volume of 900,407 shares, compared to its average volume of 873,670. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.87. The firm has a market cap of $1.63 billion, a P/E ratio of -175.14 and a beta of 2.96. Bandwidth Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $79.08. The business has a fifty day simple moving average of $56.46 and a 200-day simple moving average of $41.13.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The company had revenue of $219.90 million during the quarter, compared to the consensus estimate of $217.62 million. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. Equities analysts predict that Bandwidth Inc. will post 0.65 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citizens Jmp lifted their price target on Bandwidth from $70.00 to $86.00 and gave the company a “market outperform” rating in a report on Monday, July 20th. Zacks Research cut Bandwidth from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Weiss Ratings cut shares of Bandwidth from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Piper Sandler raised their target price on shares of Bandwidth from $38.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Finally, Citigroup restated a “market outperform” rating on shares of Bandwidth in a research report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Bandwidth presently has an average rating of “Moderate Buy” and an average target price of $59.80.

Institutional Trading of Bandwidth

A number of hedge funds and other institutional investors have recently made changes to their positions in BAND. Corient Private Wealth LP bought a new stake in Bandwidth during the second quarter worth approximately $238,000. California State Teachers Retirement System increased its holdings in shares of Bandwidth by 1,541.7% in the second quarter. California State Teachers Retirement System now owns 24,560 shares of the company’s stock valued at $1,555,000 after buying an additional 23,064 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Bandwidth in the second quarter valued at $70,000. Wellington Management Group LLP lifted its holdings in shares of Bandwidth by 138.9% during the second quarter. Wellington Management Group LLP now owns 911,893 shares of the company’s stock valued at $57,723,000 after purchasing an additional 530,182 shares during the last quarter. Finally, Globeflex Capital L P acquired a new position in shares of Bandwidth in the 2nd quarter valued at $2,865,000. 68.53% of the stock is currently owned by institutional investors.

Bandwidth Company Profile

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.