Devesh Agarwal Sells 4,066 Shares of Bandwidth (NASDAQ:BAND) Stock

Bandwidth Inc. (NASDAQ:BAND) COO Devesh Agarwal sold 4,066 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $58.85, for a total transaction of $239,284.10. Following the transaction, the chief operating officer owned 68,579 shares of the company’s stock, valued at $4,035,874.15. This trade represents a 5.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $57.24, for a total transaction of $858,600.00.
• 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.
• On Wednesday, May 13th, Devesh Agarwal sold 11,749 shares of Bandwidth stock. The stock was sold at an average price of $52.14, for a total transaction of $612,592.86.

Bandwidth Trading Down 4.3%

NASDAQ BAND opened at $67.87 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. Bandwidth Inc. has a 52 week low of $12.50 and a 52 week high of $72.80. The stock has a market capitalization of $2.17 billion, a PE ratio of -178.61 and a beta of 2.93. The firm has a 50 day moving average of $34.21 and a two-hundred day moving average of $21.41.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings results 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 negative net margin of 0.64% and a positive return on equity of 1.47%. The company had revenue of $208.78 million during the quarter, compared to analysts’ expectations 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. As a group, research analysts expect that Bandwidth Inc. will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Trending Headlines about Bandwidth

Here are the key news stories impacting Bandwidth this week:

• Neutral Sentiment: Bandwidth’s recent quarterly earnings beat expectations, with EPS and revenue both topping analyst estimates, and management issued upbeat FY2026 and Q2 guidance.
• Neutral Sentiment: Several institutional investors increased their stakes in BAND, including Arrowstreet Capital and Portolan Capital Management, suggesting some professional buyers still see value in the name.
• Negative Sentiment: CEO David A. Morken, CFO Daryl E. Raiford, COO Devesh Agarwal, General Counsel Richard Brandon Asbill, and insiders Devin Krupka, Rebecca Bottorff, Kade Ross, and others all sold shares in recent transactions, signaling heavy insider selling. Article Title
• Negative Sentiment: The sales were made near recent highs in the high-$50s to mid-$60s, which may raise concerns that management views the stock as fully valued after its sharp run-up.

Institutional Trading of Bandwidth

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Bandwidth by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,988,533 shares of the company’s stock worth $33,149,000 after buying an additional 67,428 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Bandwidth by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,551,508 shares of the company’s stock worth $27,647,000 after buying an additional 91,812 shares during the last quarter. Portolan Capital Management LLC lifted its position in shares of Bandwidth by 115.8% during the 3rd quarter. Portolan Capital Management LLC now owns 745,802 shares of the company’s stock worth $12,433,000 after buying an additional 400,231 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Bandwidth by 299.5% during 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 during the last quarter. Finally, State Street Corp lifted its position in shares of Bandwidth by 2.6% during the 4th quarter. State Street Corp now owns 649,426 shares of the company’s stock worth $10,034,000 after buying an additional 16,654 shares during the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

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.