Richard Brandon Asbill Sells 29,214 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) General Counsel Richard Brandon Asbill sold 29,214 shares of Bandwidth stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $72.03, for a total transaction of $2,104,284.42. Following the completion of the transaction, the general counsel directly owned 3,000 shares in the company, valued at approximately $216,090. The trade was a 90.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 stock was sold at an average price of $58.85, for a total transaction of $104,811.85.

Bandwidth Stock Down 8.0%

Shares of Bandwidth stock opened at $63.36 on Wednesday. The company has a market cap of $2.03 billion, a P/E ratio of -166.74 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 quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average price is $40.43 and its 200-day moving average price is $23.70.

Bandwidth (NASDAQ:BAND) last released its earnings results on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. The company 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. On average, sell-side analysts predict that Bandwidth Inc. will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

BAND has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Citigroup reissued an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Wall Street Zen downgraded shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Citizens Jmp boosted their target price on shares of Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Friday, May 15th. Finally, B. Riley Financial boosted their target price 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. 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.25.

Institutional Trading of Bandwidth

Several large investors have recently made changes to their positions in BAND. Tower Research Capital LLC TRC boosted its holdings in shares of Bandwidth by 183.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock valued at $60,000 after acquiring an additional 2,445 shares during the last quarter. State of Wyoming purchased a new stake in shares of Bandwidth in the 3rd quarter valued at $71,000. Raymond James Financial Inc. purchased a new stake in shares of Bandwidth in the 2nd quarter valued at $85,000. Quantbot Technologies LP purchased a new stake in shares of Bandwidth in the 2nd quarter valued at $128,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Bandwidth by 35.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock valued at $157,000 after acquiring an additional 2,634 shares during the last quarter. 68.53% of the stock is owned by hedge funds and other institutional investors.

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.