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RALEIGH, NC— Bandwidth Inc. (NASDAQ:BAND), a communications technology company with a market capitalization of $418 million, currently trading at $14 per share and showing signs of undervaluation according to InvestingPro analysis, reported that Chief Operating Officer Devesh Agarwal recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. On May 29, 2025, Agarwal sold 1,804 shares of Bandwidth’s Class A Common Stock at an average price of $14.47 per share, totaling approximately $26,111. This sale was executed to cover tax obligations associated with the vesting of Restricted Stock Units (RSUs).
Earlier, on May 28, Agarwal acquired 6,080 shares of Class A Common Stock through the vesting of RSUs. These transactions were part of a Rule 10b5-1 plan adopted in March 2023, designed to manage tax liabilities resulting from equity compensation awards.
Following these transactions, Agarwal holds 57,689 shares of Bandwidth’s Class A Common Stock.
In other recent news, Bandwidth Inc. reported impressive first-quarter results for 2025, exceeding market expectations. The company achieved a non-GAAP earnings per share (EPS) of $0.36, surpassing the consensus estimate of $0.27, and reported revenue of $174 million, which was higher than the projected $169 million. Despite a slowdown in revenue growth compared to the previous quarter, Bandwidth’s Cloud Communications segment saw a 4% year-over-year increase in revenue. Analyst Patrick Walravens from Citizens JMP reiterated a Market Outperform rating for Bandwidth, maintaining a $36 price target, citing the company’s strategic positioning and leadership. Needham also initiated coverage of Bandwidth with a Buy rating and a $20 price target, highlighting the company’s growing free cash flow and favorable market trends for voice applications in customer service. Meanwhile, Citi analyst Tyler Radke adjusted the price target for Zoom Video Communications (NASDAQ:ZM) to $84, maintaining a Neutral rating due to limited growth catalysts. Bandwidth’s recent financial performance and strategic initiatives, including the expansion of AI and messaging services, have led to raised full-year revenue and EBITDA guidance.
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