Devesh Agarwal Sells 8,251 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) COO Devesh Agarwal sold 8,251 shares of the stock in a transaction that occurred on 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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%

Shares of Bandwidth stock opened at $53.97 on Friday. 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 52-week low of $12.50 and a 52-week high of $56.37. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -142.03 and a beta of 2.72. The company’s 50 day moving average price is $24.45 and its 200-day moving average price is $17.95.

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

Key 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

BAND has been the subject of a number of research analyst reports. Wall Street Zen lowered Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Citizens Jmp raised their price target on Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Friday. Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research note on Monday, April 20th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Bandwidth in a research note on Thursday, April 30th. One 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.25.

Hedge Funds Weigh In On Bandwidth

Several institutional investors and hedge funds have recently added to or reduced their stakes in BAND. Tower Research Capital LLC TRC lifted its position in Bandwidth by 183.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock valued at $60,000 after buying an additional 2,445 shares during the period. State of Wyoming purchased a new position in Bandwidth during the third quarter valued at $71,000. Raymond James Financial Inc. purchased a new position in Bandwidth during the second quarter valued at $85,000. Quantbot Technologies LP purchased a new position in Bandwidth during the second quarter valued at $128,000. Finally, Harbor Capital Advisors Inc. lifted its position in Bandwidth by 35.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock valued at $157,000 after buying an additional 2,634 shares during the period. Hedge funds and other institutional investors own 68.53% of the company’s stock.

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.