Devesh Agarwal Sells 15,000 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) COO Devesh Agarwal sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $57.24, for a total value of $858,600.00. Following the completion of the transaction, the chief operating officer directly owned 61,414 shares of the company’s stock, valued at approximately $3,515,337.36. This trade represents a 19.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.
• 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 Stock Performance

NASDAQ BAND opened at $61.39 on Friday. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -161.55 and a beta of 2.72. Bandwidth Inc. has a twelve month low of $12.50 and a twelve month high of $62.03. 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 50-day moving average of $28.58 and a 200 day moving average of $19.38.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate 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 company had revenue of $208.78 million during 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. Sell-side analysts anticipate that Bandwidth Inc. will post 0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Bandwidth

Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in shares of Bandwidth by 183.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock worth $60,000 after purchasing an additional 2,445 shares during the last quarter. State of Wyoming acquired a new position in shares of Bandwidth during the 3rd quarter worth approximately $71,000. Raymond James Financial Inc. acquired a new position in shares of Bandwidth during the 2nd quarter worth approximately $85,000. Quantbot Technologies LP acquired a new position in shares of Bandwidth during the 2nd quarter worth approximately $128,000. Finally, AlphaQuest LLC raised its position in shares of Bandwidth by 29.1% during the 3rd quarter. AlphaQuest LLC now owns 10,139 shares of the company’s stock worth $169,000 after purchasing an additional 2,288 shares during the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BAND shares. Wall Street Zen cut Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. B. Riley Financial raised their price objective on Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Citizens Jmp raised their price objective on Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a report on Friday, May 15th. Needham & Company LLC raised their price objective on Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently 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.