Bandwidth (NASDAQ:BAND) COO Devesh Agarwal Sells 15,000 Shares of Stock

Bandwidth Inc. (NASDAQ:BAND) COO Devesh Agarwal sold 15,000 shares of Bandwidth stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $57.24, for a total value of $858,600.00. Following the sale, the chief operating officer owned 61,414 shares in the company, valued at $3,515,337.36. This trade represents a 19.63% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 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 Price Performance

Shares of BAND opened at $58.54 on Friday. Bandwidth Inc. has a twelve month low of $12.50 and a twelve month high of $59.65. The stock’s 50 day moving average is $27.67 and its two-hundred day moving average is $19.08. The firm has a market capitalization of $1.87 billion, a PE ratio of -154.05 and a beta of 2.72. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37.

Bandwidth (NASDAQ:BAND) last issued its earnings results on Thursday, April 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. The company 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 anticipate that Bandwidth Inc. will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BAND. Wall Street Zen lowered shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. B. Riley Financial upped their target price on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Citigroup reaffirmed an “outperform” rating on shares of Bandwidth in a research note on Thursday, April 30th. Needham & Company LLC upped their target price on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Zacks Research raised 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 assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.25.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its stake in shares of Bandwidth by 183.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock worth $60,000 after purchasing an additional 2,445 shares during the period. State of Wyoming purchased a new position in shares of Bandwidth during the 3rd quarter worth about $71,000. Raymond James Financial Inc. purchased a new position in shares of Bandwidth during the 2nd quarter worth about $85,000. Quantbot Technologies LP purchased a new position in shares of Bandwidth during the 2nd quarter worth about $128,000. Finally, AlphaQuest LLC lifted its holdings in shares of Bandwidth by 29.1% during the 3rd quarter. AlphaQuest LLC now owns 10,139 shares of the company’s stock worth $169,000 after acquiring an additional 2,288 shares during the period. Hedge funds and other institutional investors own 68.53% of the company’s stock.

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.