Bandwidth Inc: CFO Raiford sells $107k in class A common stock

Published 04/09/2025, 22:24
Bandwidth Inc: CFO Raiford sells $107k in class A common stock

Bandwidth Inc. (NASDAQ:BAND) Chief Financial Officer Daryl Raiford sold a total of 8,861 shares of Class A Common Stock between September 2nd and September 4th, 2025. The sales, conducted in three separate transactions, amounted to a total value of $107k. The communications software company, currently valued at $463 million, has shown notable price volatility according to InvestingPro data, with the stock currently trading below its Fair Value.

On September 2, Raiford sold 2,150 shares at a weighted average price of $14.9592, for a total of $32162. The prices for these shares ranged from $14.72 to $15.28. Following this, on September 3, he sold 4,117 shares at $15.2315 per share, with prices ranging from $15.13 to $15.32, totaling $62708. The final sale occurred on September 4, with 2,594 shares sold at a weighted average price of $15.4621, for a total of $40108; prices here ranged from $15.17 to $15.65. The stock has demonstrated strong performance recently, with InvestingPro showing positive momentum over the past month.

Following these transactions, Raiford directly owns 128,538 shares of Bandwidth Inc. Class A Common Stock and indirectly owns 1,625 shares through an IRA. The company maintains a GOOD financial health score according to InvestingPro’s comprehensive analysis, which offers detailed insights through its Pro Research Report, available along with 10+ additional ProTips for subscribers.

In other recent news, Bandwidth Inc. reported its second-quarter 2025 earnings, surpassing analyst expectations. The company achieved non-GAAP earnings per share of $0.38, which was higher than the consensus estimate of $0.33. Revenue for the quarter reached $180 million, slightly exceeding the anticipated $178.87 million. Despite these positive earnings and revenue results, Bandwidth’s stock experienced a notable decline. JMP analyst Patrick Walravens maintained a Market Outperform rating for the company, setting a price target of $36.00. These developments highlight the mixed reactions from the market and analysts following Bandwidth’s latest financial performance.

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