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RALEIGH, NC—Devin M. Krupka, Controller and Principal Accounting Officer at Bandwidth Inc. (NASDAQ:BAND), a $431 million market cap communications technology company, recently executed a sale of company stock, according to a recent SEC filing. On March 24, Krupka sold 544 shares of Class A Common Stock, amounting to approximately $8,259. The shares were sold at a weighted average price of $15.1826 per share, with individual transactions ranging from $15.16 to $15.21. According to InvestingPro data, the company maintains strong liquidity with current assets exceeding short-term obligations.
The sale was part of a pre-established Rule 10b5-1 trading plan, adopted by Krupka on May 5, 2023, specifically to cover tax obligations associated with equity compensation awards. This transaction follows the vesting of Restricted Stock Units (RSUs) on March 21, 2025, which were initially granted on March 21, 2022. These RSUs vest in four equal annual installments, with each unit representing the right to receive one share of Bandwidth’s Class A Common Stock. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with analysts projecting improved profitability this year.
Following this transaction, Krupka holds 20,486 shares of Bandwidth Inc. For comprehensive insights into BAND’s valuation and growth prospects, including 8 additional ProTips and detailed financial metrics, visit InvestingPro.
In other recent news, Bandwidth Inc. reported mixed results for its fourth-quarter 2024 performance. The company posted non-GAAP earnings per share of $0.37, slightly below the anticipated $0.39, but surpassed expectations with an adjusted EBITDA of $23 million, compared to a consensus of $20 million. Revenue for the quarter reached $210 million, exceeding the $204 million forecast and marking a 27% year-over-year increase. Despite these positive figures, Bandwidth’s first-quarter revenue guidance of $168-170 million fell short of Wall Street’s expectations 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 from Citizens JMP maintained their Market Outperform rating on Bandwidth with a price target of $36.00, emphasizing the company’s strong adjusted EBITDA and free cash flow. The company’s Cloud Communications segment contributed $144 million to the revenue, showing a 15% increase from the previous year. Despite strong fourth-quarter results, the disappointing guidance led to a decline in Bandwidth’s stock.
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