Insider Selling: Bandwidth (NASDAQ:BAND) COO Sells $429,959.61 in Stock

Bandwidth Inc. (NASDAQ:BAND) COO Devesh Agarwal sold 8,251 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $52.11, for a total transaction of $429,959.61. Following the transaction, the chief operating officer directly owned 76,414 shares in the company, valued at $3,981,933.54. The trade was a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction of $612,592.86.

Bandwidth Stock Up 3.6%

BAND opened at $53.97 on Friday. The firm has a market capitalization of $1.73 billion, a P/E ratio of -142.03 and a beta of 2.72. 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 Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $56.37. The company’s 50-day moving average is $24.45 and its 200 day moving average is $17.95.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. The business had revenue of $208.78 million for the quarter, compared to analyst estimates 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. Research analysts expect that Bandwidth Inc. will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Bandwidth

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its position in shares of Bandwidth by 183.7% in the second quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock valued at $60,000 after purchasing an additional 2,445 shares during the period. State of Wyoming bought a new stake in shares of Bandwidth in the third quarter valued at approximately $71,000. Raymond James Financial Inc. bought a new stake in shares of Bandwidth in the second quarter valued at approximately $85,000. Quantbot Technologies LP bought a new stake in shares of Bandwidth in the second quarter valued at approximately $128,000. Finally, AlphaQuest LLC raised its position in shares of Bandwidth by 29.1% in the third quarter. AlphaQuest LLC now owns 10,139 shares of the company’s stock valued at $169,000 after purchasing an additional 2,288 shares during the period. Institutional investors own 68.53% of the company’s stock.

More Bandwidth News

Here are the key news stories impacting Bandwidth this week:

• Positive Sentiment: Citizens JMP raised its price target on Bandwidth from $45 to $70 and reiterated a market outperform rating, signaling improved confidence in the company’s growth outlook.
• Positive Sentiment: Needham & Company also boosted its price target from $45 to $60 and kept a buy rating, adding to the positive analyst momentum around BAND.
• Positive Sentiment: A separate report highlighted an even larger target increase for Bandwidth, reinforcing the view that analysts see more upside after the stock’s strong post-earnings run. Article: Bandwidth (BAND) price target increased by 86.73% to 46.66
• Neutral Sentiment: Bandwidth’s recent quarterly results were solid, with earnings and revenue both beating estimates, which has helped support the stock’s recent move higher.
• Negative Sentiment: COO Devesh Agarwal sold shares in two separate transactions this week, including 8,251 shares on May 14 and 11,749 shares on May 13. While insider sales do not always signal trouble, the timing may temper some investor enthusiasm.

Analyst Ratings Changes

Several analysts have commented on BAND shares. Citigroup reaffirmed an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Zacks Research raised shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Citizens Jmp lifted their price objective on shares of Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Friday. B. Riley Financial lifted their price objective on shares of Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Wall Street Zen lowered shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.