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

Bandwidth Inc. (NASDAQ:BAND) COO Devesh Agarwal sold 4,066 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $58.85, for a total value of $239,284.10. Following the completion of the transaction, the chief operating officer owned 68,579 shares of the company’s stock, valued at $4,035,874.15. The trade was a 5.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock was 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 Trading Up 9.1%

Shares of NASDAQ BAND traded up $5.92 during mid-day trading on Monday, reaching $70.89. 1,730,440 shares of the company’s stock were exchanged, compared to its average volume of 634,328. The company’s 50-day moving average is $33.10 and its 200-day moving average is $21.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -186.55 and a beta of 2.93. Bandwidth Inc. has a 52-week low of $12.50 and a 52-week high of $71.76.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating 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 analyst estimates 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. Analysts expect that Bandwidth Inc. will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. B. Riley Financial upped their price objective on shares of Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Wall Street Zen downgraded shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Needham & Company LLC upped their price target on Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Zacks Research upgraded Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One equities 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. According to MarketBeat.com, Bandwidth currently has an average rating of “Moderate Buy” and an average target price of $43.25.

Institutional Investors Weigh In On Bandwidth

A number of hedge funds have recently added to or reduced their stakes in BAND. Tower Research Capital LLC TRC boosted its position in Bandwidth by 183.7% in the 2nd 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 stake in shares of Bandwidth during the third quarter worth $71,000. Raymond James Financial Inc. acquired a new stake in shares of Bandwidth in the second quarter valued at $85,000. Quantbot Technologies LP acquired a new stake in shares of Bandwidth in the second quarter valued at $128,000. Finally, AlphaQuest LLC boosted its holdings in 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. 68.53% of the stock is currently owned by institutional investors and hedge funds.

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.