Bandwidth (NASDAQ:BAND) COO Sells $239,311.35 in Stock

Bandwidth Inc. (NASDAQ:BAND) COO Devesh Agarwal sold 4,869 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $239,311.35. Following the transaction, the chief operating officer owned 79,138 shares in the company, valued at $3,889,632.70. This represents a 5.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Bandwidth Trading Down 1.0%

NASDAQ:BAND opened at $47.09 on Friday. The company has a market cap of $1.52 billion, a PE ratio of -162.38 and a beta of 3.03. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.87. The company has a 50 day simple moving average of $56.22 and a two-hundred day simple moving average of $41.88. Bandwidth Inc. has a 12 month low of $12.50 and a 12 month high of $79.08.

Bandwidth (NASDAQ:BAND) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $219.90 million during the quarter, compared to analyst estimates of $217.62 million. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The company’s revenue was up 22.2% compared to the same quarter last year. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. Research analysts forecast that Bandwidth Inc. will post 0.65 earnings per share for the current year.

Hedge Funds Weigh In On Bandwidth

Several institutional investors have recently bought and sold shares of the stock. UBS Group AG lifted its position in shares of Bandwidth by 189.2% in the fourth quarter. UBS Group AG now owns 205,300 shares of the company’s stock worth $3,172,000 after buying an additional 134,309 shares in the last quarter. Bastion Asset Management Inc. purchased a new stake in Bandwidth during the first quarter valued at $6,592,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Bandwidth during the fourth quarter valued at $1,622,000. Walleye Capital LLC purchased a new position in shares of Bandwidth in the 1st quarter worth $1,069,000. Finally, Arrowstreet Capital Limited Partnership grew 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 worth $12,268,000 after buying an additional 516,117 shares in the last quarter. 68.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BAND has been the topic of a number of analyst reports. Wall Street Zen cut Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 28th. Citigroup restated a “market outperform” rating on shares of Bandwidth in a research note on Monday, July 20th. Needham & Company LLC reaffirmed a “buy” rating on shares of Bandwidth in a report on Thursday, August 20th. Weiss Ratings lowered shares of Bandwidth from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. Finally, B. Riley Financial increased their price objective on shares of Bandwidth from $55.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Bandwidth currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.80.

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.