Bandwidth Inc (BAND) COO Anthony Bartolo Sells 7,798 Shares
Anthony Bartolo, Chief Operating Officer of Bandwidth Inc (NASDAQ:BAND), sold 7,798 shares of the company on March 22, 2024, according to a recent SEC filing. The transaction was executed at an average price of $18.75 per share, resulting in a total value of $146,232.50.
Bandwidth Inc is a software company that provides cloud-based communications services for businesses. The company's platform enables enterprises to create, scale, and manage their own voice and text messaging services on a global scale without the need to build and maintain network infrastructure.
Over the past year, Anthony Bartolo has sold a total of 18,439 shares of Bandwidth Inc and has not made any purchases of the stock. The insider transaction history for Bandwidth Inc shows a pattern of 38 insider sells and no insider buys over the past year.
On the day of the insider's recent sale, Bandwidth Inc shares were trading at $18.75, giving the company a market capitalization of $484.169 million.
The stock's price-to-GF-Value ratio stands at 0.76, with a GuruFocus Value of $24.74, indicating that Bandwidth Inc is modestly undervalued according to GuruFocus's intrinsic value estimate. The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
