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

Bandwidth Inc. (NASDAQ:BAND) insider Kade Ross sold 20,000 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 43,894 shares in the company, valued at $2,263,174.64. This represents a 31.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 stock was sold at an average price of $31.59, for a total transaction of $315,900.00.

Bandwidth Stock Performance

BAND traded down $0.51 during trading on Tuesday, hitting $49.44. The stock had a trading volume of 833,660 shares, compared to its average volume of 565,663. The firm has a market cap of $1.58 billion, a PE ratio of -130.11 and a beta of 2.72. Bandwidth Inc. has a 12 month low of $12.50 and a 12 month high of $53.21. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The company has a 50 day simple moving average of $21.56 and a 200-day simple moving average of $16.97.

Bandwidth (NASDAQ:BAND) last announced its earnings results on Thursday, April 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. The firm had revenue of $208.78 million for the quarter, compared to the consensus estimate 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. Analysts expect that Bandwidth Inc. will post 0.55 EPS for the current year.

Institutional Trading of Bandwidth

Several institutional investors have recently made changes to their positions in BAND. Rhumbline Advisers boosted its position in shares of Bandwidth by 15.0% during the 2nd quarter. Rhumbline Advisers now owns 40,927 shares of the company’s stock valued at $651,000 after acquiring an additional 5,324 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Bandwidth during the 2nd quarter valued at about $128,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Bandwidth by 26.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 373,153 shares of the company’s stock valued at $5,933,000 after acquiring an additional 78,360 shares in the last quarter. Invesco Ltd. boosted its position in shares of Bandwidth by 4.7% during the 2nd quarter. Invesco Ltd. now owns 56,367 shares of the company’s stock valued at $896,000 after acquiring an additional 2,532 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Bandwidth during the 2nd quarter valued at about $221,000. 68.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BAND has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Bandwidth in a report on Monday, April 20th. B. Riley Financial boosted their price objective on shares of Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Zacks Research upgraded shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Finally, Citigroup restated an “outperform” rating on shares of Bandwidth in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.