Bandwidth Inc. (NASDAQ: BAND) Vice President Gabriela Gonzalez sells 135 shares
Bandwidth Inc. (NASDAQ: BAND) Vice President Gabriela Gonzalez sold 135 shares in a trade that took place on Friday, October 1. The stock was sold for an average price of $ 86.73, for a total value of $ 11,708.55. The sale was disclosed in a document filed with the SEC, which is available through this link.
BAND stock traded down $ 4.49 during trading hours on Monday, reaching $ 83.00. 397,950 shares of the stock traded for an average volume of 403,224. The stock has a 50-day simple moving average of $ 109.27 and a 200-day simple moving average of $ 120.31. The company has a market cap of $ 2.08 billion, a P / E ratio of -59.49, a P / E / G ratio of 25.25 and a beta of 0.50. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt ratio of 1.06. Bandwidth Inc. has a one-year low of $ 82.25 and a one-year high of $ 198.60.
Bandwidth (NASDAQ: BAND) last released its results on Wednesday, August 4. The company reported earnings per share (EPS) of $ 0.32 for the quarter, beating the Zacks’ consensus estimate of ($ 0.04) by $ 0.36. Bandwidth had a positive return on equity of 3.68% and a negative net margin of 7.99%. The company posted revenue of $ 120.66 million for the quarter, compared to analysts’ estimates of $ 116.51 million. Analysts expect Bandwidth Inc. to post earnings per share of 0.2 for the current year.
A number of research analysts have recently commented on BAND stocks. Canaccord Genuity lowered its bandwidth price target from $ 227.00 to $ 210.00 and established a “buy” rating for the company in a research note on Friday, August 6. began covering bandwidth in a research note on Wednesday, July 7. They issued a “neutral” rating and a price target of $ 155.00 for the company. William Blair reiterated a “buy” note on Bandwidth shares in a research note on Friday August 6. KeyCorp increased its target price on bandwidth from $ 150.00 to $ 154.00 and gave the stock an “overweight” rating in a Friday August 6 research report. Finally, TheStreet lowered the bandwidth from a “c” rating to a “d +” rating in a research report released on Friday, August 20. Five research analysts rated the stock with a conservation rating and eight issued a buy rating for the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $ 166.77.
Hedge funds have recently increased or reduced their stakes in the company. Turim 21 Investimentos Ltda. purchased a new stake in Bandwidth shares during the first quarter valued at $ 41,000. FORA Capital LLC acquired a new bandwidth position in the second quarter worth approximately $ 43,000. Baillie Gifford & Co. increased its stake in Bandwidth shares by 100.0% in the second quarter. Baillie Gifford & Co. now owns 322 shares of the company valued at $ 44,000 after purchasing 161 additional shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new first quarter equity stake in Bandwidth valued at approximately $ 55,000. Finally, The PNC Financial Services Group Inc. increased its stake in Bandwidth by 377.4% in the first quarter. PNC Financial Services Group Inc. now owns 506 shares of the company valued at $ 63,000 after purchasing an additional 400 shares during the period. Institutional investors hold 93.88% of the company’s shares.
Bandwidth Company Profile
Bandwidth is one of the leading enterprise cloud communications companies. Companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth APIs to easily integrate voice, messaging, and emergency services into software and applications. Bandwidth is the first and only CPaaS provider to offer a robust selection of communication APIs built around their own IP voice network.
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