BAND

Bandwidth Inc.
NasdaqGSUSDEQUITY Technology DELAYED
Last price
60.00
▼ 2.53 (4.05%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
62.59
Prev close
62.53
Day high
65.58
Day low
59.73
Volume
636.31K
Market cap
$1.93B
P/E (TTM)
—
52W range
12.50 – 79.08

Day trading desk

Current session · delayed
Gap from prior close
+0.10%
Prior close 62.53
VWAP
61.17
-1.91% from price
Relative volume
0.52×
Quiet session
Session range
11.15%
59.00 – 65.58
Position in range
15%
Near session low
ATR (14D)
4.37
7.29% of price
Prior day high
63.19
PDH
Prior day low
61.26
PDL
Bid / ask spread
—
Quote not published
Session volume
536.35K
Avg 1.03M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-3.52% -5.5%
1M
+37.29% +36.1%
3M
-14.75% -19.3%
6M
+235.70% +217.5%
YTD
+288.93% +274.7%
1Y
+273.46% +257.0%
3Y
+433.19% +350.9%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on BAND open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
-143.48K
Net selling
Buy transactions
23
166.75K shares
Sell transactions
36
310.24K shares
Net transactions
+59
Buys less sells
Sell : buy shares
1.9 : 1
Mixed
Insider-held shares
1.04M
Total on file
Bought 166.75KSold 310.24K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 16, 26
ROUSH LUKAS M
Director
SELL 1.50K $72.90K Direct
Sep 2, 26
RAIFORD DARYL E
Chief Financial Officer
SELL 7.23K $354.08K Direct
Sep 2, 26
ROSS KADE B
Chief Technology Officer
SELL 4.00K $192.59K Direct
Sep 1, 26
KRUPKA DEVIN M
Officer
SELL 3.07K $150.55K Direct
Aug 31, 26
BOTTORFF REBECCA
Officer and Director
SELL 2.71K $133.33K Direct
Aug 31, 26
RAIFORD DARYL E
Chief Financial Officer
SELL 4.67K $229.66K Direct
Aug 31, 26
MORKEN DAVID ANDREW
Chief Executive Officer
SELL 5.13K $252.02K Direct
Aug 31, 26
AGARWAL DEVESH
Chief Operating Officer
SELL 4.87K $239.29K Direct
Aug 31, 26
ROSS KADE B
Chief Technology Officer
SELL 1.62K $79.42K Direct
Aug 31, 26
ASBILL RICHARD BRANDON
General Counsel
SELL 1.83K $90.03K Direct
Aug 31, 26
KRUPKA DEVIN M
Officer
SELL 1.22K $59.91K Direct
Aug 28, 26
ROUSH LUKAS M
Director
— 3.33K — Direct
Aug 28, 26
BAILEY BRIAN D
Director
— 3.33K — Indirect
Aug 28, 26
RAIFORD DARYL E
Chief Financial Officer
— 11.90K — Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
AGARWAL DEVESH
Chief Operating Officer 79.14K Sale
ASBILL RICHARD BRANDON
General Counsel 7.55K Sale
BAILEY BRIAN D
Director — Conversion of Exercise of derivative security
BOTTORFF REBECCA
Officer and Director 10.70K Sale
KRUPKA DEVIN M
Officer 11.96K Sale
MURDOCK JOHN C
Director 118.82K Conversion of Exercise of derivative security
RAIFORD DARYL E
Chief Financial Officer 28.61K Sale
ROSS KADE B
Chief Technology Officer 44.07K Sale
ROUSH LUKAS M
Director 60.27K Sale
SURIANO DOUGLAS A
Director 45.41K Conversion of Exercise of derivative security

Fundamentals

TTM · reported
Market cap$1.93B
Enterprise value$2.31B
Revenue (TTM)$828.24M
Gross profit$308.43M
EBITDA$40.45M
Net income$2.26M
EPS (TTM)$-0.34
Free cash flow$72.43M
Total cash$174.36M
Total debt$554.42M
Book value / share$11.75
Shares outstanding30.22M
Float29.02M
Short % of float15.69%
Dividend yield0.00%
Beta (5Y)3.01

Valuation & profitability ratios

Account required
Trailing P/E—
Forward P/E31.32
PEG ratio—
Price / sales—
Price / book5.11
EV / revenue2.79
EV / EBITDA57.20
Gross margin37.24%
Operating margin-2.07%
Profit margin0.27%
Return on equity0.59%
Return on assets-0.86%
Debt / equity146.61
Current ratio2.04
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 6 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $753.82M$748.49M$601.12M$573.15M +0.7%
Operating revenue $753.82M$748.49M$601.12M$573.15M +0.7%
Cost of revenue $458.77M$468.53M$364.96M$334.80M -2.1%
Gross profit $295.05M$279.96M$236.16M$238.35M +5.4%
Research & development $132.52M$118.63M$104.19M$97.99M +11.7%
Selling, general & admin $176.90M$181.39M$167.43M$164.69M -2.5%
Total operating expense $309.42M$300.02M$271.61M$262.68M +3.1%
Operating income -$14.37M-$20.06M-$35.46M-$24.32M +28.4%
Net interest income -$2.03M-$1.86M-$808.00K-$3.05M -9.0%
Pre-tax income -$16.59M-$8.95M-$19.30M$17.31M -85.3%
Tax provision -$3.68M-$2.43M-$2.96M-$2.26M -51.5%
Net income -$12.91M-$6.52M-$16.34M$19.57M -97.9%
Net income to common -$12.91M-$6.52M-$16.34M$19.57M -97.9%
Basic EPS -0.43-0.24-0.640.77 -79.2%
Diluted EPS -0.43-0.24-0.640.48 -79.2%
EBIT -$14.56M-$7.09M-$18.50M$20.35M -105.3%
EBITDA $39.20M$42.15M$23.22M$55.95M -7.0%
Basic shares 30.00M27.21M25.61M25.28M +10.2%
Diluted shares 30.00M27.21M25.61M30.91M +10.2%

Options analytics

Account required
Put / call volume
0.17
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
30.00
-50.1% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
445
Contracts, this expiry
Put volume
77
Contracts, this expiry
Heaviest call OI
35.00
0 contracts
Heaviest put OI
30.00
0 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 0.360.37 +1.7%
Mar 2026 0.300.38 +28.4%
Dec 2025 0.330.35 +4.8%
Sep 2025 0.370.36 -3.2%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 0.47 6 $233.15M +21.5%
Next quarter 0.52 6 $244.03M +17.5%
Current year 1.75 6 $905.87M +20.2%
Next year 1.92 6 $946.20M +4.4%

Analyst targets & ownership

Account required
Mean target$68.60
High target$86.00
Low target$52.00
Implied upside14.33%
Analyst count5
ConsensusBUY
Strong buy / Buy2 / 2
Hold2
Sell / Strong sell0 / 0
Held by insiders3.23%
Held by institutions103.28%
Institutions holding325
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
61.56
-2.53% from price
SMA 20
56.72
+5.95% from price
SMA 50
51.43
+16.84% from price
SMA 100
56.91
+5.43% from price
SMA 200
38.01
+58.08% from price
EMA 12
59.81
+0.32% from price
EMA 26
56.71
+5.81% from price
EMA 50
54.89
+9.31% from price
RSI (14)
56.7
Neutral
MACD (12,26,9)
3.10
Hist 0.49
ATR (14)
4.37
7.28% of price
Realised vol 30D
87.4%
Annualised
Bollinger upper
67.60
20, 2σ
Bollinger lower
45.83
20, 2σ
50 / 200 cross
Golden
51.43 vs 38.01
Trend bias
Above 200
+58.08%

Options chain

Account required
Expiry
Spot 60.00
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
2.18
More volatile than market
Correlation to SPY
0.30
Loosely linked
Realised vol 30D
87.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-52.9%
Peak to trough
Max drawdown 5Y
-89.8%
Peak to trough
ATR 14
4.37
7.28% of price
Beta (reported)
3.01
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
4.66M
Prior 4.46M
Change vs prior
+4.5%
Shorts adding
% of float
15.69%
Elevated
% of shares out
14.47%
Against total outstanding
Days to cover
5.6
Crowded exit
Float
29.02M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

132 on file
DateFirm ActionFromTo
Sep 16, 26 B of A Securities INITIATED — Neutral
Aug 19, 26 Piper Sandler MAINTAINED Neutral Neutral
Jul 20, 26 Citizens MAINTAINED Market Outperform Market Outperform
Jul 9, 26 B. Riley Securities MAINTAINED Buy Buy
May 15, 26 Citizens MAINTAINED Market Outperform Market Outperform
May 14, 26 Needham MAINTAINED Buy Buy
Apr 30, 26 Needham MAINTAINED Buy Buy
Apr 17, 26 B. Riley Securities MAINTAINED Buy Buy
Jan 23, 26 B. Riley Securities INITIATED — Buy
Jun 13, 25 Needham MAINTAINED Buy Buy
May 15, 25 JMP Securities MAINTAINED Market Outperform Market Outperform
May 8, 25 Baird MAINTAINED Neutral Neutral

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.