Bandwidth (NASDAQ:BAND) COO Devesh Agarwal Sells 4,066 Shares

Bandwidth Inc. (NASDAQ:BAND) COO Devesh Agarwal sold 4,066 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $58.85, for a total value of $239,284.10. Following the sale, the chief operating officer owned 68,579 shares of the company’s stock, valued at approximately $4,035,874.15. This trade represents a 5.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Devesh Agarwal also recently made the following trade(s):

• On Wednesday, May 20th, Devesh Agarwal sold 15,000 shares of Bandwidth stock. The shares were sold at an average price of $57.24, for a total value of $858,600.00.
• On Thursday, May 14th, Devesh Agarwal sold 8,251 shares of Bandwidth stock. The shares were sold at an average price of $52.11, for a total value of $429,959.61.
• On Wednesday, May 13th, Devesh Agarwal sold 11,749 shares of Bandwidth stock. The shares were sold at an average price of $52.14, for a total value of $612,592.86.

Bandwidth Stock Up 9.1%

Bandwidth stock opened at $70.89 on Tuesday. The stock has a market cap of $2.27 billion, a PE ratio of -186.55 and a beta of 2.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. Bandwidth Inc. has a one year low of $12.50 and a one year high of $71.76. The stock has a fifty day moving average of $34.21 and a 200 day moving average of $21.41.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The company had revenue of $208.78 million during the quarter, compared to analysts’ expectations of $201.58 million. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. As a group, sell-side analysts predict that Bandwidth Inc. will post 0.55 EPS for the current year.

Institutional Trading of Bandwidth

Several institutional investors have recently made changes to their positions in BAND. Rhumbline Advisers grew its position in shares of Bandwidth by 15.0% during the second quarter. Rhumbline Advisers now owns 40,927 shares of the company’s stock worth $651,000 after purchasing an additional 5,324 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Bandwidth during the second quarter worth about $128,000. Arrowstreet Capital Limited Partnership grew its position in shares of Bandwidth by 26.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 373,153 shares of the company’s stock worth $5,933,000 after purchasing an additional 78,360 shares in the last quarter. Invesco Ltd. grew its position in shares of Bandwidth by 4.7% during the second quarter. Invesco Ltd. now owns 56,367 shares of the company’s stock worth $896,000 after purchasing an additional 2,532 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Bandwidth during the second quarter worth about $221,000. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Analyst Upgrades and Downgrades

BAND has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. B. Riley Financial upped their price target on Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Wall Street Zen cut Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research upgraded Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Citizens Jmp upped their price target on Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.25.

Trending Headlines about Bandwidth

Here are the key news stories impacting Bandwidth this week:

• Neutral Sentiment: A market note highlighted that Bandwidth shares had already surged sharply and were being watched as a potential momentum trade. Bandwidth (NASDAQ:BAND) Stock Price Up 10.2% – Time to Buy?
• Negative Sentiment: CEO David A. Morken sold 4,632 shares, CFO Daryl E. Raiford sold shares in two separate transactions, and other insiders including the COO, general counsel, and additional executives also sold stock. Insider selling can weigh on sentiment because it may signal management thinks the shares are fully valued after the recent run-up.
• Negative Sentiment: The sales were executed at prices around $58.85 to $64.15, suggesting insiders were willing to reduce holdings while the stock was trading near multiyear highs, which may add caution for traders despite the company’s recent strong earnings and upbeat guidance.

Bandwidth Company Profile

Bandwidth Inc operates a cloud-based communications platform that provides voice, messaging and emergency services APIs for enterprises and developers. Through its proprietary network and software-as-a-service model, the company enables customers to integrate programmable voice calls, text messaging and 9-1-1 routing into their applications. Bandwidth’s solutions aim to reduce complexity and improve reliability in mission-critical communications, serving industries such as healthcare, financial services, on-demand mobility and customer engagement.

Founded in 1999 in Raleigh, North Carolina by co-founders David Morken and Henry Kaestner, Bandwidth initially focused on voice-over-IP infrastructure before evolving into a full communications API provider.