John C. Murdock Sells 150,000 Shares of Bandwidth Inc (NASDAQ:BAND) Stock

Share on StockTwits

Bandwidth Inc (NASDAQ:BAND) Director John C. Murdock sold 150,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $73.16, for a total transaction of $10,974,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

BAND stock opened at $76.75 on Friday. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 247.58 and a beta of 0.94. Bandwidth Inc has a 1 year low of $27.75 and a 1 year high of $82.66.

Bandwidth (NASDAQ:BAND) last released its earnings results on Thursday, May 2nd. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.13. The firm had revenue of $53.30 million during the quarter, compared to analysts’ expectations of $51.35 million. Bandwidth had a negative return on equity of 2.45% and a net margin of 6.71%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. On average, equities analysts forecast that Bandwidth Inc will post -0.7 earnings per share for the current year.

A number of analysts recently commented on BAND shares. Zacks Investment Research cut shares of Bandwidth from a “hold” rating to a “sell” rating in a research report on Monday, February 18th. Canaccord Genuity upped their price objective on shares of Bandwidth from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Robert W. Baird upped their price objective on shares of Bandwidth from $60.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Morgan Stanley increased their target price on Bandwidth from $48.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. Finally, KeyCorp increased their target price on Bandwidth from $64.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $76.40.

A number of hedge funds have recently added to or reduced their stakes in BAND. Bank of America Corp DE increased its holdings in Bandwidth by 92.3% during the 4th quarter. Bank of America Corp DE now owns 2,552 shares of the company’s stock worth $104,000 after purchasing an additional 1,225 shares in the last quarter. M Holdings Securities Inc. bought a new position in Bandwidth during the 4th quarter worth about $219,000. Jane Street Group LLC bought a new position in Bandwidth during the 1st quarter worth about $237,000. Alambic Investment Management L.P. bought a new position in Bandwidth during the 1st quarter worth about $275,000. Finally, Sigma Planning Corp bought a new position in Bandwidth during the 1st quarter worth about $294,000. Hedge funds and other institutional investors own 54.66% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/4370890/john-c-murdock-sells-150000-shares-of-bandwidth-inc-nasdaqband-stock.html.

Bandwidth Company Profile

Bandwidth Inc operates as a cloud-based software-powered communications platform-as-a-service (CPaaS) provider in the United States. The company operates through two segments, CPaaS and Other. Its platform enables enterprises to create, scale, and operate voice or text communications services across mobile application or connected device.

Featured Story: How a Back-End Load Mutual Fund Works

Insider Buying and Selling by Quarter for Bandwidth (NASDAQ:BAND)

Receive News & Ratings for Bandwidth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bandwidth and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Analysts Anticipate City Holding  Will Post Quarterly Sales of $57.31 Million
Analysts Anticipate City Holding Will Post Quarterly Sales of $57.31 Million
Mylan NV  Expected to Announce Quarterly Sales of $2.84 Billion
Mylan NV Expected to Announce Quarterly Sales of $2.84 Billion
$1.52 Billion in Sales Expected for Advanced Micro Devices, Inc.  This Quarter
$1.52 Billion in Sales Expected for Advanced Micro Devices, Inc. This Quarter
$837.78 Million in Sales Expected for Brinker International, Inc.  This Quarter
$837.78 Million in Sales Expected for Brinker International, Inc. This Quarter
$12.22 Million in Sales Expected for Veritone Inc  This Quarter
$12.22 Million in Sales Expected for Veritone Inc This Quarter
$252.82 Million in Sales Expected for DiamondRock Hospitality  This Quarter
$252.82 Million in Sales Expected for DiamondRock Hospitality This Quarter


© 2006-2019 Ticker Report