Bandwidth (NASDAQ:BAND) COO Sells $612,592.86 in Stock

Bandwidth Inc. (NASDAQ:BAND) COO Devesh Agarwal sold 11,749 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $52.14, for a total transaction of $612,592.86. Following the sale, the chief operating officer directly owned 84,665 shares of the company’s stock, valued at approximately $4,414,433.10. This represents a 12.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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.

Bandwidth Stock Performance

Shares of NASDAQ BAND traded up $1.09 during trading hours on Thursday, hitting $52.10. 1,019,996 shares of the stock were exchanged, compared to its average volume of 573,757. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50 day moving average is $22.97 and its 200 day moving average is $17.44. The firm has a market capitalization of $1.67 billion, a P/E ratio of -137.11 and a beta of 2.72. Bandwidth Inc. has a one year low of $12.50 and a one year high of $53.21.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings data 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. The business had revenue of $208.78 million during the quarter, compared to the consensus estimate 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. On average, research analysts expect that Bandwidth Inc. will post 0.55 EPS for the current year.

Hedge Funds Weigh In On Bandwidth

A number of hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its stake in shares of Bandwidth by 299.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock valued at $12,268,000 after buying an additional 516,117 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Bandwidth in the 1st quarter worth about $1,069,000. Dimensional Fund Advisors LP grew its holdings in shares of Bandwidth by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,551,508 shares of the company’s stock worth $27,647,000 after purchasing an additional 91,812 shares during the last quarter. Bastion Asset Management Inc. bought a new stake in shares of Bandwidth in the 1st quarter worth about $6,592,000. Finally, IMC Chicago LLC bought a new stake in shares of Bandwidth in the 1st quarter worth about $218,000. Institutional investors and hedge funds own 68.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on BAND shares. Wall Street Zen upgraded shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Needham & Company LLC upped their target price on shares of Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup reiterated an “outperform” rating on shares of Bandwidth in a research note on Thursday, April 30th. B. Riley Financial upped their target price on shares of Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Zacks Research upgraded shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.75.

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.