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Daryl Raiford, Chief Financial Officer of Bandwidth Inc. (NASDAQ:BAND), executed several stock transactions recently, as detailed in a recent SEC filing. On March 3 and March 4, Raiford sold a total of 27,109 shares of Bandwidth’s Class A common stock. The sales, conducted at prices ranging from $14.8034 to $15.6963 per share, amounted to approximately $420,173 in total value. The transactions come as the stock has experienced significant volatility, with InvestingPro data showing a 9.4% decline in the past week.
These transactions were part of a previously established Rule 10b5-1 trading plan, aimed at covering tax obligations associated with equity compensation. Following these sales, Raiford holds 110,939 shares directly.
Investors often monitor such insider transactions for insights into executive sentiment about the company’s future prospects.
In other recent news, Bandwidth Inc. reported fourth-quarter earnings with non-GAAP earnings per share of $0.37, slightly missing the expected $0.39. However, the company surpassed revenue expectations, reporting $210 million compared to the forecasted $204 million, marking a 27% year-over-year growth. Adjusted EBITDA was also strong at $23 million, exceeding the consensus of $20 million, and free cash flow was reported at $30 million, higher than the anticipated $25 million. Despite these positive financial indicators, Bandwidth’s first-quarter revenue guidance of $168-170 million fell short of the analyst expectation of $182.7 million. For the full year 2025, the company projected revenue between $740-760 million, which is below the consensus estimate of $761.5 million. Analysts at Citizens JMP maintained a Market Outperform rating for Bandwidth with a price target of $36, emphasizing the company’s strong adjusted EBITDA and cash flow. The company also reported a record non-GAAP gross margin of 58% for the fourth quarter, up from 55% the previous year. Despite the robust fourth-quarter results, the disappointing guidance for the upcoming quarter led to a decline in Bandwidth’s stock.
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