Bandwidth Inc’s recent filing unveils that its Chief Information Officer Ross Kade unloaded Company’s shares for reported $62449.0 on Apr 01 ’24. In the deal valued at $17.84 per share,3,500 shares were sold. As a result of this transaction, Ross Kade now holds 25,365 shares worth roughly $0.46 million.
Then, Bartolo Anthony sold 7,798 shares, generating $146,234 in total proceeds. Upon selling the shares at $18.75, the Chief Operating Officer now owns 76,469 shares.
Before that, Krupka Devin M sold 546 shares. Bandwidth Inc shares valued at $10,239 were divested by the Controller, PAO at a price of $18.75 per share. As a result of the transaction, Krupka Devin M now holds 9,707 shares, worth roughly $0.18 million.
Piper Sandler downgraded its Bandwidth Inc [BAND] rating to a Neutral from a an Overweight in a research note published on January 17, 2023; the price target was increased to $25 from $18. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. Robert W. Baird also remained covering BAND and has decreased its forecast on May 16, 2022 with a “Neutral” recommendation from previously “an Outperform” rating. Needham revised its rating on May 06, 2022. It rated BAND as “a Hold” which previously was an “a Buy”.
Price Performance Review of BAND
On Tuesday, Bandwidth Inc [NASDAQ:BAND] saw its stock jump 2.26% to $18.10. Over the last five days, the stock has gained 6.22%. Bandwidth Inc shares have risen nearly 25.09% since the year began. Nevertheless, the stocks have risen 26.84% over the past one year. While a 52-week high of $21.68 was reached on 03/13/24, a 52-week low of $9.34 was recorded on 02/26/24. SMA at 50 days reached $16.63, while 200 days put it at $13.78. A total of 0.23 million shares were traded, compared to the trading of 0.26 million shares in the previous session.
Levels Of Support And Resistance For BAND Stock
The 24-hour chart illustrates a support level at 17.88, which if violated will result in even more drops to 17.65. On the upside, there is a resistance level at 18.28. A further resistance level may holdings at 18.45. The Relative Strength Index (RSI) on the 14-day chart is 52.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.15%. Stochastics %K at 36.52% indicates the stock is a holding.
How much short interest is there in Bandwidth Inc?
A steep rise in short interest was recorded in Bandwidth Inc stocks on Mar 15, 2024, dropping by -0.25 million shares to a total of 1.52 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.77 million shares. There was a decline of -16.45%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.21% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.39.
The most recent change occurred on February 24, 2022 when Piper Sandler resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $51.
