Bandwidth Inc (NASDAQ:BAND) Director Brian D. Bailey sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $66.82, for a total transaction of $1,336,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NASDAQ BAND traded up $0.12 during trading hours on Friday, hitting $67.92. 94,219 shares of the stock were exchanged, compared to its average volume of 180,251. The firm has a market cap of $1.52 billion, a PE ratio of 219.10 and a beta of 0.80. Bandwidth Inc has a 12 month low of $27.75 and a 12 month high of $72.48.
Bandwidth (NASDAQ:BAND) last posted its quarterly earnings data on Wednesday, February 13th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.25. The firm had revenue of $52.34 million during the quarter, compared to analyst estimates of $49.37 million. Bandwidth had a net margin of 8.78% and a return on equity of 2.14%. Bandwidth’s revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS. Analysts anticipate that Bandwidth Inc will post -0.81 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wedbush Securities Inc. raised its stake in shares of Bandwidth by 0.6% during the 1st quarter. Wedbush Securities Inc. now owns 33,760 shares of the company’s stock worth $2,261,000 after acquiring an additional 215 shares in the last quarter. Chartwell Investment Partners LLC bought a new position in shares of Bandwidth during the 1st quarter worth approximately $2,394,000. KAMES CAPITAL plc raised its stake in shares of Bandwidth by 0.6% during the 1st quarter. KAMES CAPITAL plc now owns 222,083 shares of the company’s stock worth $14,862,000 after acquiring an additional 1,415 shares in the last quarter. Tibra Equities Europe Ltd bought a new position in shares of Bandwidth during the 1st quarter worth approximately $2,073,000. Finally, Geode Capital Management LLC raised its stake in shares of Bandwidth by 24.9% during the 4th quarter. Geode Capital Management LLC now owns 40,896 shares of the company’s stock worth $1,665,000 after acquiring an additional 8,150 shares in the last quarter. Hedge funds and other institutional investors own 42.92% of the company’s stock.
Bandwidth Inc operates as a cloud-based software-powered communications platform-as-a-service (CPaaS) provides 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.
Recommended Story: Buyback For Investors Defined
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.