Key Points
- Bandwidth COO Devesh Agarwal sold 15,000 shares on May 20 at an average price of $57.24, totaling $858,600 and reducing his stake by 19.63%. He also sold shares earlier in the month on May 13 and May 14.
- Bandwidth shares were trading near their 52-week high, opening at $58.54 after gaining 1.0%. The stock’s 52-week range is $12.50 to $59.65, highlighting a sharp rally.
- The company reported better-than-expected quarterly results, posting EPS of $0.38 versus the $0.32 estimate and revenue of $208.78 million versus expectations of $201.58 million. Analysts remain mostly positive, with a consensus rating of “Moderate Buy” and an average target price of $43.25.
Bandwidth Inc. (NASDAQ:BAND - Get Free Report) COO Devesh Agarwal sold 15,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was 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 in the company, valued at $3,515,337.36. This trade represents a 19.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Devesh Agarwal also recently made the following trade(s):
- 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 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 transaction of $612,592.86.
Bandwidth Trading Up 1.0%
NASDAQ BAND opened at $58.54 on Friday. Bandwidth Inc. has a one year low of $12.50 and a one year high of $59.65. The company's 50 day moving average price is $27.67 and its 200 day moving average price is $19.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -154.05 and a beta of 2.72.
Bandwidth (NASDAQ:BAND - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.38 EPS for the quarter, beating 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 firm had revenue of $208.78 million for 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. On average, sell-side analysts predict that Bandwidth Inc. will post 0.55 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms have commented on BAND. Needham & Company LLC raised their price objective on Bandwidth from $45.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, May 14th. Wall Street Zen lowered shares of Bandwidth from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 16th. Citizens Jmp lifted their price objective on shares of Bandwidth from $45.00 to $70.00 and gave the company a "market outperform" rating in a research note on Friday, May 15th. Citigroup reiterated an "outperform" rating on shares of Bandwidth in a research note on Thursday, April 30th. Finally, B. Riley Financial lifted their target price on Bandwidth from $20.00 to $27.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.25.
Read Our Latest Research Report on BAND
Institutional Trading of Bandwidth
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its stake in shares of Bandwidth by 9.9% in the first quarter. Empowered Funds LLC now owns 154,432 shares of the company's stock worth $2,752,000 after buying an additional 13,961 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Bandwidth by 248.2% in the first quarter. Quantinno Capital Management LP now owns 76,836 shares of the company's stock worth $1,369,000 after buying an additional 54,771 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Bandwidth by 4.2% in the first quarter. Renaissance Technologies LLC now owns 644,981 shares of the company's stock worth $11,494,000 after buying an additional 26,081 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Bandwidth by 299.5% in the first 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, Walleye Capital LLC bought a new stake in Bandwidth in the first quarter valued at about $1,069,000. Institutional investors own 68.53% of the company's stock.
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.
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