Bandwidth (NASDAQ:BAND) COO Sells $239,284.10 in Stock

Bandwidth Inc. (NASDAQ:BAND) COO Devesh Agarwal sold 4,066 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $58.85, for a total value of $239,284.10. Following the completion of the sale, the chief operating officer owned 68,579 shares in the company, valued at $4,035,874.15. This trade represents a 5.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Devesh Agarwal also recently made the following trade(s):

• On Wednesday, May 20th, Devesh Agarwal sold 15,000 shares of Bandwidth stock. The shares were 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 Down 3.6%

NASDAQ BAND opened at $65.46 on Thursday. The business’s 50-day moving average price is $36.23 and its two-hundred day moving average price is $22.15. Bandwidth Inc. has a 12 month low of $12.50 and a 12 month high of $72.80. The firm has a market capitalization of $2.10 billion, a PE ratio of -172.26 and a beta of 2.93. 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 released its quarterly earnings results on Thursday, April 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.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. On average, analysts expect that Bandwidth Inc. will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC lifted its stake in shares of Bandwidth by 9.9% in the 1st quarter. Empowered Funds LLC now owns 154,432 shares of the company’s stock valued at $2,752,000 after purchasing an additional 13,961 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Bandwidth by 248.2% in the 1st quarter. Quantinno Capital Management LP now owns 76,836 shares of the company’s stock valued at $1,369,000 after purchasing an additional 54,771 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Bandwidth by 4.2% in the 1st quarter. Renaissance Technologies LLC now owns 644,981 shares of the company’s stock valued at $11,494,000 after purchasing an additional 26,081 shares during the period. Arrowstreet Capital Limited Partnership lifted 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 purchasing an additional 516,117 shares during the period. Finally, Walleye Capital LLC acquired a new position in shares of Bandwidth in the 1st quarter valued at about $1,069,000. 68.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on BAND shares. B. Riley Financial upped their price target on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Bandwidth in a research note on Monday, April 20th. Needham & Company LLC boosted their price objective on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Citigroup reissued an “outperform” rating on shares of Bandwidth in a research note on Thursday, April 30th. Finally, Wall Street Zen downgraded Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Bandwidth has a consensus rating of “Moderate Buy” and an average price target of $43.25.

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.