MicroVision MOVIA lidar gains support on NVIDIA DRIVE AGX platform
Ross Kade, Chief Information Officer of Bandwidth Inc. (NASDAQ:BAND), recently made a notable transaction involving the company’s Class A Common Stock. According to a recent SEC filing, Kade sold 4,881 shares on March 3, 2025, at an average price of $15.6963 per share, generating a total of $76,613. The transaction comes as Bandwidth, currently valued at $432 million, shows mixed signals according to InvestingPro analysis, with the stock trading below its Fair Value. This sale was executed to cover tax obligations related to the vesting of Restricted Stock Units on February 28, 2025.
In addition to the sale, Kade executed several stock option exercises on February 28, 2025. These transactions included the acquisition of 1,859, 446, 3,391, and 9,949 shares of Class A Common Stock, all acquired at no cost, reflecting the vesting of previously granted Restricted Stock Units. These exercises increased Kade’s total direct ownership to 68,061 shares following the transactions.
These transactions were conducted under a Rule 10b5-1 plan, which allows company insiders to set up a predetermined plan to sell shares for purposes such as covering tax obligations. InvestingPro analysis reveals 12 additional key insights about Bandwidth’s financial health and market position, available exclusively to subscribers, along with comprehensive research reports that transform complex Wall Street data into actionable intelligence.
In other recent news, Bandwidth Inc. reported mixed financial results for the fourth quarter of 2024. The company achieved non-GAAP earnings per share of $0.37, slightly below the expected $0.39, but surpassed revenue forecasts with $210 million, marking a 27% year-over-year increase. The Cloud Communications segment contributed $144 million to this revenue, aligning with projections and showing a 15% increase from the previous year. Bandwidth also reported an adjusted EBITDA of $23 million, exceeding the consensus of $20 million, and a robust free cash flow of $30 million, above the $25 million consensus.
Despite these positive indicators, Bandwidth’s guidance for the first quarter disappointed, with expected revenue between $168-170 million, falling short of the anticipated $182.7 million. For the full year 2025, the company projects revenue of $740-760 million, below the $761.5 million consensus estimate. Analysts from Citizens JMP maintained their Market Outperform rating on Bandwidth, with a price target of $36.00, highlighting the company’s strong adjusted EBITDA and free cash flow. The company’s record non-GAAP gross margin of 58% for Q4, up from 55% a year ago, was also noted. Despite strong Q4 results, the focus on soft guidance led to a decline in Bandwidth shares.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.