Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Bandwidth Inc shares valued at $8,214 were purchased by Krupka Devin M on Mar 24 ’25. At $15.10 per share, Krupka Devin M acquired 544 shares.
Also, Krupka Devin M sold 544 shares, netting a total of over 8,259 in proceeds. Following the sale of shares at $15.18 each, the insider now holds 20,486 shares.
Before that, Asbill Richard Brandon had sold 9,878 shares from its account. In a trade valued at $150,583, the General Counsel traded Bandwidth Inc shares for $15.24 each. Upon closing the transaction, the insider’s holdings decreased to 9,878 shares, worth approximately $0.5 million.
As published in a research note from Morgan Stanley on June 14, 2024, Bandwidth Inc [BAND] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $15 from $18. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of September 13, 2022, KeyBanc Capital Markets has initiated its “an Overweight” rating for BAND. Earlier on May 16, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for BAND stock which previously was a “an Outperform”.
Analyzing BAND Stock Performance
During the last five days, there has been a drop of approximately -4.37%. Over the course of the year, Bandwidth Inc shares have dropped approximately -30.55%. Shares of the company reached a 52-week high of $19.88 on 02/13/25 and a 52-week low of $11.47 on 04/07/25. A 50-day SMA is recorded $15.13, while a 200-day SMA reached $17.31.
Support And Resistance Levels for Bandwidth Inc (BAND)
According to the 24-hour chart, there is a support level at 11.66, which, if violated, would cause prices to drop to 11.51. In the upper region, resistance lies at 12.11. The next price resistance is at 12.40. RSI (Relative Strength Index) is 33.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.39, which suggests the price will decrease in the coming days. Percent R is at 84.23%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
