Insider Selling: Bandwidth (NASDAQ:BAND) COO Sells $858,600.00 in Stock

Bandwidth Inc. (NASDAQ:BAND) COO Devesh Agarwal sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $57.24, for a total transaction of $858,600.00. Following the sale, the chief operating officer directly owned 61,414 shares in the company, valued at $3,515,337.36. The trade was a 19.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, May 14th, Devesh Agarwal sold 8,251 shares of Bandwidth stock. The stock was sold at an average price of $52.11, for a total transaction of $429,959.61.
• On Wednesday, May 13th, Devesh Agarwal sold 11,749 shares of Bandwidth stock. The stock was sold at an average price of $52.14, for a total transaction of $612,592.86.

Bandwidth Price Performance

Shares of NASDAQ BAND opened at $61.39 on Friday. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -161.55 and a beta of 2.72. Bandwidth Inc. has a 12 month low of $12.50 and a 12 month high of $62.03. The firm’s 50 day simple moving average is $28.58 and its 200-day simple moving average is $19.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94.

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

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Citigroup reaffirmed an “outperform” rating on shares of Bandwidth in a research note on Thursday, April 30th. Wall Street Zen cut shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Citizens Jmp increased their target price on Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a research report on Friday, May 15th. Needham & Company LLC increased their target price on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, B. Riley Financial increased their target price on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, April 17th. One research 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.25.

About Bandwidth

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.