In a filing, Bandwidth Inc revealed its Controller, PAO Krupka Devin M unloaded Company’s shares for reported $424.0 on Apr 15 ’24. In the deal valued at $16.96 per share,25 shares were sold. As a result of this transaction, Krupka Devin M now holds 9,762 shares worth roughly $0.22 million.
Then, Ross Kade sold 3,500 shares, generating $62,449 in total proceeds. Upon selling the shares at $17.84, the Chief Information Officer now owns 25,365 shares.
Before that, Bartolo Anthony sold 7,798 shares. Bandwidth Inc shares valued at $146,234 were divested by the Chief Operating Officer at a price of $18.75 per share. As a result of the transaction, Bartolo Anthony now holds 76,469 shares, worth roughly $1.72 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 9.90% to $22.54. Over the last five days, the stock has gained 23.85%. Bandwidth Inc shares have risen nearly 55.77% since the year began. Nevertheless, the stocks have risen 95.83% over the past one year. While a 52-week high of $21.68 was reached on 05/07/24, a 52-week low of $9.34 was recorded on 02/26/24. SMA at 50 days reached $18.46, while 200 days put it at $14.22. A total of 1.23 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For BAND Stock
The 24-hour chart illustrates a support level at 21.36, which if violated will result in even more drops to 20.19. On the upside, there is a resistance level at 24.37. A further resistance level may holdings at 26.20. The Relative Strength Index (RSI) on the 14-day chart is 76.14, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.69%. Stochastics %K at 78.41% indicates the stock is a holding.
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.
