Key Points
- Bandwidth COO Devesh Agarwal sold 8,251 shares on May 14 at an average price of $52.11, for proceeds of about $430,000. After the sale, he still held 76,414 shares, a 9.75% reduction in his position.
- Agarwal also sold 11,749 shares the previous day at an average price of $52.14, bringing his recent insider selling total to more than $1 million across the two transactions.
- Bandwidth shares were trading near their 12-month high around $52 and were up 2.1% in the session, while the company recently reported stronger-than-expected quarterly EPS and revenue and received several analyst price-target increases.
Bandwidth Inc. (NASDAQ:BAND - Get Free Report) COO Devesh Agarwal sold 8,251 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $52.11, for a total value of $429,959.61. Following the sale, the chief operating officer owned 76,414 shares of the company's stock, valued at $3,981,933.54. This represents a 9.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Devesh Agarwal also recently made the following trade(s):
- 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 value of $612,592.86.
Bandwidth Stock Up 2.1%
NASDAQ BAND opened at $52.10 on Friday. Bandwidth Inc. has a 12 month low of $12.50 and a 12 month high of $53.21. 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 cap of $1.67 billion, a PE ratio of -137.11 and a beta of 2.72. The stock's 50 day moving average is $23.70 and its 200 day moving average is $17.69.
Bandwidth (NASDAQ:BAND - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business 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. Research analysts predict that Bandwidth Inc. will post 0.55 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have issued reports on BAND. Citizens Jmp lifted their price target on shares of Bandwidth from $45.00 to $70.00 and gave the company a "market outperform" rating in a report on Friday. Wall Street Zen raised shares of Bandwidth from a "hold" rating to a "strong-buy" rating in a report on Saturday, May 2nd. B. Riley Financial raised their price objective on Bandwidth from $20.00 to $27.00 and gave the company a "buy" rating in a research report on Friday, April 17th. Citigroup reaffirmed an "outperform" rating on shares of Bandwidth in a report on Thursday, April 30th. Finally, Needham & Company LLC increased their price target on Bandwidth from $45.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday. 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, Bandwidth currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.25.
Read Our Latest Analysis on BAND
Institutional Trading of Bandwidth
Several hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership lifted its holdings 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 acquiring an additional 516,117 shares during the last quarter. Portolan Capital Management LLC increased its stake in Bandwidth by 115.8% during the third quarter. Portolan Capital Management LLC now owns 745,802 shares of the company's stock worth $12,433,000 after acquiring an additional 400,231 shares during the last quarter. Bastion Asset Management Inc. purchased a new stake in Bandwidth during the first quarter valued at approximately $6,592,000. CSM Advisors LLC purchased a new stake in Bandwidth during the fourth quarter valued at approximately $5,342,000. Finally, AQR Capital Management LLC lifted its stake in shares of Bandwidth by 49.1% in the 2nd quarter. AQR Capital Management LLC now owns 587,305 shares of the company's stock valued at $9,338,000 after purchasing an additional 193,398 shares during the last quarter. 68.53% of the stock is currently owned by hedge funds and other institutional investors.
About Bandwidth
(
Get Free Report)
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.
Further Reading
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