Devesh Agarwal, Chief Operating Officer of Bandwidth Inc. (NASDAQ:BAND), sold a total of 20,000 shares over two days, netting approximately $1,042,553, according to a Form 4 filing with the SEC.
The transactions occurred on May 13 and 14, 2026, with weighted average prices between $52.11 and $52.1401 per share. This insider sale comes as BAND shares trade near their 52-week high of $53.21.
Bandwidth shares have surged 250% over the past year. According to Bond.az analysis, the stock appears overvalued relative to its fair value. The company's market cap stands at $1.68 billion.
Following the sale, Agarwal directly holds 76,414 shares of Class A Common Stock. In other recent news, Bandwidth reported strong Q1 2026 results: EPS of $0.38 beat estimates of $0.29, and revenue of $209 million topped expectations of $201.56 million.
