Bandwidth (NASDAQ:BAND) COO Sells $858,600.00 in Stock

Bandwidth Inc. (NASDAQ:BAND) COO Devesh Agarwal sold 15,000 shares of Bandwidth stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $57.24, for a total transaction 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 represents a 19.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 transaction of $429,959.61.
• On Wednesday, May 13th, Devesh Agarwal sold 11,749 shares of Bandwidth stock. The stock was sold at an average price of $52.14, for a total transaction of $612,592.86.

Bandwidth Stock Performance

BAND traded up $0.58 during trading on Thursday, reaching $58.54. 1,068,327 shares of the company’s stock were exchanged, compared to its average volume of 602,431. Bandwidth Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $59.65. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $26.82 and a 200 day moving average price of $18.78. The company has a market capitalization of $1.87 billion, a P/E ratio of -154.05 and a beta of 2.72.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate 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. As a group, analysts predict that Bandwidth Inc. will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BAND. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Bandwidth by 299.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock valued at $12,268,000 after acquiring an additional 516,117 shares during the period. Portolan Capital Management LLC raised its holdings in shares of Bandwidth by 115.8% in the third quarter. Portolan Capital Management LLC now owns 745,802 shares of the company’s stock valued at $12,433,000 after buying an additional 400,231 shares during the last quarter. Bastion Asset Management Inc. bought a new position in shares of Bandwidth in the first quarter valued at about $6,592,000. CSM Advisors LLC bought a new position in shares of Bandwidth in the fourth quarter valued at about $5,342,000. Finally, AQR Capital Management LLC raised its holdings in shares of Bandwidth by 49.1% in the second quarter. AQR Capital Management LLC now owns 587,305 shares of the company’s stock valued at $9,338,000 after buying an additional 193,398 shares during the last quarter. 68.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BAND. Needham & Company LLC lifted their price target on shares of Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. B. Riley Financial lifted their price objective on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, April 17th. Citizens Jmp lifted their price objective on Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a report on Friday, May 15th. Finally, Citigroup reissued an “outperform” rating on shares of Bandwidth in a report on Thursday, April 30th. One research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.