Bandwidth (NASDAQ:BAND) COO Devesh Agarwal Sells 11,749 Shares

Bandwidth Inc. (NASDAQ:BAND) COO Devesh Agarwal sold 11,749 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $52.14, for a total transaction of $612,592.86. Following the completion of the sale, the chief operating officer directly owned 84,665 shares in the company, valued at approximately $4,414,433.10. The trade was a 12.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Price Performance

Shares of BAND traded up $1.09 during trading hours on Thursday, hitting $52.10. The stock had a trading volume of 1,019,996 shares, compared to its average volume of 573,757. The company’s fifty day moving average is $22.97 and its two-hundred day moving average is $17.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94. Bandwidth Inc. has a 52 week low of $12.50 and a 52 week high of $53.21. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -137.11 and a beta of 2.72.

Bandwidth (NASDAQ:BAND) last posted its earnings results on Thursday, April 30th. The company reported $0.38 earnings per share 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 business 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. On average, analysts anticipate that Bandwidth Inc. will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Deutsche Bank AG boosted its stake in Bandwidth by 6.0% during the 4th quarter. Deutsche Bank AG now owns 18,343 shares of the company’s stock worth $283,000 after acquiring an additional 1,043 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Bandwidth by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 19,383 shares of the company’s stock worth $323,000 after acquiring an additional 1,114 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Bandwidth by 2.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 53,681 shares of the company’s stock worth $895,000 after acquiring an additional 1,129 shares during the last quarter. Bailard Inc. boosted its stake in Bandwidth by 11.0% during the 3rd quarter. Bailard Inc. now owns 19,200 shares of the company’s stock worth $320,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Bandwidth by 3.6% during the 4th quarter. Franklin Resources Inc. now owns 58,141 shares of the company’s stock worth $898,000 after acquiring an additional 2,043 shares during the last quarter. Institutional investors own 68.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wall Street Zen raised shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Needham & Company LLC lifted their price objective on Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday. B. Riley Financial raised 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. Citigroup reiterated an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Finally, Zacks Research upgraded shares of 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 assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Bandwidth has a consensus rating of “Moderate Buy” and a consensus price target of $34.75.

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.