Insider Selling: Bandwidth (NASDAQ:BAND) COO Sells 1,745 Shares of Stock

Key Points

• Bandwidth's COO, Devesh Agarwal, sold 1,745 shares at an average price of $15.09, totaling approximately $26,332, which represents a 2.53% reduction in his ownership stake.
• The company's stock price increased by 1.7% to $15.25, with a market capitalization of $459.64 million, and it has a consensus rating of "Moderate Buy" from analysts.
• Institutional investors recently showed significant interest in Bandwidth, with notable increases in holdings; 68.53% of the stock is now owned by institutional investors.

Bandwidth Inc. (NASDAQ:BAND - Get Free Report) COO Devesh Agarwal sold 1,745 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $15.09, for a total transaction of $26,332.05. Following the sale, the chief operating officer directly owned 67,263 shares of the company's stock, valued at $1,014,998.67. The trade was a 2.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, August 11th, Devesh Agarwal sold 2,132 shares of Bandwidth stock. The shares were sold at an average price of $13.30, for a total transaction of $28,355.60.

Bandwidth Trading Up 1.7%

BAND traded up $0.25 during trading on Tuesday, hitting $15.25. 245,491 shares of the stock traded hands, compared to its average volume of 284,798. The firm has a market capitalization of $459.64 million, a P/E ratio of -44.85 and a beta of 1.81. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50-day moving average of $14.85 and a 200 day moving average of $14.39. Bandwidth Inc. has a 12-month low of $11.33 and a 12-month high of $23.00.

Bandwidth (NASDAQ:BAND - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.06. The business had revenue of $180.01 million during the quarter, compared to analysts' expectations of $178.87 million. Bandwidth had a negative net margin of 1.32% and a positive return on equity of 1.43%. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 EPS. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that Bandwidth Inc. will post 0.22 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on BAND shares. JMP Securities reissued a "market outperform" rating and set a $36.00 price target on shares of Bandwidth in a research report on Thursday, May 15th. Robert W. Baird decreased their price objective on shares of Bandwidth from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Needham & Company LLC restated a "buy" rating and issued a $20.00 price objective on shares of Bandwidth in a report on Friday, June 13th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Bandwidth has a consensus rating of "Moderate Buy" and a consensus target price of $20.80.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its holdings in Bandwidth by 183.7% in 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 in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Bandwidth in the 1st quarter worth about $72,000. US Bancorp DE increased its stake in shares of Bandwidth by 11,281.3% in the 1st quarter. US Bancorp DE now owns 5,463 shares of the company's stock worth $72,000 after acquiring an additional 5,415 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Bandwidth in the 2nd quarter worth about $85,000. Finally, GAMMA Investing LLC increased its stake in shares of Bandwidth by 16,036.6% in the 1st quarter. GAMMA Investing LLC now owns 6,616 shares of the company's stock worth $87,000 after acquiring an additional 6,575 shares in the last quarter. 68.53% of the stock is currently owned by institutional investors.

Bandwidth Company Profile

Bandwidth is a leading enterprise cloud communications company. Companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth's APIs to easily embed voice, messaging, and emergency services into software and applications. Bandwidth is the first and only CPaaS provider offering a robust selection of communications APIs built around their own IP voice network.

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