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

Bandwidth Inc. (NASDAQ:BAND) COO Devesh Agarwal sold 11,749 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $52.14, for a total value of $612,592.86. Following the sale, the chief operating officer directly owned 84,665 shares in the company, valued at $4,414,433.10. This trade represents a 12.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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.

Bandwidth Stock Up 3.6%

Shares of NASDAQ BAND opened at $53.97 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.73 billion, a PE ratio of -142.03 and a beta of 2.72. The stock’s fifty day simple moving average is $24.45 and its two-hundred day simple moving average is $17.95. Bandwidth Inc. has a 12-month low of $12.50 and a 12-month high of $56.37.

Bandwidth (NASDAQ:BAND) last announced its earnings results on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. The business had revenue of $208.78 million for the quarter, compared to analysts’ expectations of $201.58 million. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.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 expect that Bandwidth Inc. will post 0.55 EPS for the current fiscal year.

Institutional Trading of Bandwidth

A number of institutional investors have recently made changes to their positions in BAND. Rhumbline Advisers boosted its position in shares of Bandwidth by 15.0% in the 2nd quarter. Rhumbline Advisers now owns 40,927 shares of the company’s stock worth $651,000 after purchasing an additional 5,324 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Bandwidth in the 2nd quarter worth $128,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Bandwidth by 26.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 373,153 shares of the company’s stock worth $5,933,000 after purchasing an additional 78,360 shares in the last quarter. Invesco Ltd. lifted its position in Bandwidth by 4.7% during the 2nd quarter. Invesco Ltd. now owns 56,367 shares of the company’s stock worth $896,000 after acquiring an additional 2,532 shares during the period. Finally, Jump Financial LLC acquired a new stake in Bandwidth during the 2nd quarter worth about $221,000. Institutional investors and hedge funds own 68.53% of the company’s stock.

Key Bandwidth News

Here are the key news stories impacting Bandwidth this week:

• Positive Sentiment: Citizens JMP raised its price target on Bandwidth from $45 to $70 and reiterated a market outperform rating, signaling improved confidence in the company’s growth outlook.
• Positive Sentiment: Needham & Company also boosted its price target from $45 to $60 and kept a buy rating, adding to the positive analyst momentum around BAND.
• Positive Sentiment: A separate report highlighted an even larger target increase for Bandwidth, reinforcing the view that analysts see more upside after the stock’s strong post-earnings run. Article: Bandwidth (BAND) price target increased by 86.73% to 46.66
• Neutral Sentiment: Bandwidth’s recent quarterly results were solid, with earnings and revenue both beating estimates, which has helped support the stock’s recent move higher.
• Negative Sentiment: COO Devesh Agarwal sold shares in two separate transactions this week, including 8,251 shares on May 14 and 11,749 shares on May 13. While insider sales do not always signal trouble, the timing may temper some investor enthusiasm.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BAND. Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. B. Riley Financial raised their price objective on Bandwidth from $20.00 to $27.00 and gave the stock 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 report on Monday, April 20th. Citigroup reissued an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Finally, Wall Street Zen cut Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One equities research 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, the company has an average rating of “Moderate Buy” and a consensus 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.