EU and US could reach trade deal this weekend - Reuters
Devin M. Krupka, the Controller and Principal Accounting Officer at Bandwidth Inc. (NASDAQ:BAND), recently sold shares worth approximately $59,175. This transaction, filed with the SEC, involved the sale of 3,770 shares of Class A Common Stock on March 3, 2025, at an average price of $15.6963 per share. The stock, currently trading at $15.17, has experienced significant volatility, with InvestingPro data showing a -9.38% decline over the past week. According to InvestingPro’s Fair Value analysis, the stock appears to be undervalued at its current market capitalization of $432 million.
The sale was executed to cover tax obligations related to the vesting of Restricted Stock Units (RSUs) on February 28, 2025, as part of a pre-established trading plan under Rule 10b5-1. Prior to this, Krupka acquired a total of 11,545 shares through the exercise of RSUs at no cost on February 28, 2025. Want deeper insights? InvestingPro offers exclusive access to 12 additional ProTips and comprehensive analysis for Bandwidth Inc. After these transactions, Krupka holds 19,188 shares of Bandwidth’s Class A Common Stock.
In other recent news, Bandwidth Inc. reported mixed financial results for the fourth quarter of 2024. The company achieved a revenue of $210 million, surpassing the forecast of $204 million and marking a 27% year-over-year increase. However, the earnings per share came in at $0.37, slightly below the expected $0.39. Despite this, Bandwidth reported an adjusted EBITDA of $23 million, which was above the consensus of $20 million, and a strong free cash flow of $30 million, exceeding the $25 million consensus.
Looking ahead, Bandwidth’s guidance for the first quarter of 2025 fell short of expectations, with projected revenue between $168-170 million, below the analyst estimate of $182.7 million. For the full year 2025, the company anticipates revenue between $740-760 million, which is also below the consensus estimate of $761.5 million. Analysts from Citizens JMP maintained their Market Outperform rating on Bandwidth, setting a price target of $36.00. The firm highlighted Bandwidth’s robust adjusted EBITDA and free cash flow as indicators of solid financial health, despite a slight deceleration in revenue growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.