Bandwidth Inc. NASDAQ:BAND Chief Financial Officer Daryl E. Raiford completed two sets of sales of Class A Common Stock on March 12 and March 13, 2026, disposing of a combined 33,126 shares for an aggregate amount of approximately $507,832.
The sales were executed across multiple transactions on each day. On March 12, 2026, Raiford sold 17,026 shares in several transactions at prices that ranged from $15.26 to $15.64 per share. The following day, March 13, 2026, he sold an additional 16,100 shares, again across multiple transactions, with per-share prices between $15.08 and $15.4550.
After these transactions were recorded, Raiford is reported to directly own 36,645 shares of Bandwidth Inc.
These insider sales occurred against a backdrop of recent share-price weakness: Bandwidth’s stock declined 8.5% over the prior week, trading at $14.93 at the time of reporting and carrying a market capitalization of $468 million.
Separate corporate developments accompanied the insider activity. Bandwidth reported fourth-quarter 2025 results that produced an earnings-per-share figure of $0.35, above the analyst forecast of $0.33. Revenue for the quarter totaled $208 million, which was a slight shortfall versus the expected $208.28 million. The company’s earnings beat was noted as having been received positively by investors despite the marginal revenue miss.
In addition to the quarterly release, Bandwidth announced agreements to repurchase $100 million of its 0.50% Convertible Senior Notes due 2028 at a discount to par value. This repurchase will reduce the outstanding principal balance of the 2028 notes from $250 million to $150 million if completed. The company said the repurchase is expected to close in March 2026 and is subject to customary conditions.
Together, the insider sales, the quarterly results, and the planned repurchase of convertible notes represent a series of financial actions unfolding at Bandwidth in mid-March 2026. Analysis from InvestingPro cited in reporting indicates the stock appears undervalued relative to its Fair Value and lists the company among undervalued opportunities; the service offers additional proprietary ProTips and financial metrics via its detailed analysis.
No additional commentary or statements from company representatives are included in the filings detailing Raiford’s transactions.