Bandwidth (BAND) Director Lukas M. Roush Sells $74K of Stock

By TradeTexts Research Desk Oct 19, 2026, 5:02 PM EDT

Key Points

Bandwidth Inc. Director Lukas M. Roush sold 1,500 shares at a price of $49.04 per share on October 16, 2026, in a pre-arranged transaction.
After the trade, Lukas M. Roush holds 58,769 $BAND shares, down 2.49% from before the trade.
Institutional investors recently adjusted positions, including Hood River Capital Management LLC doubling its stake to 2,295,924 shares.
The software-provider trades below its 50-day moving average recently, with analysts maintaining a consensus target above the current price.

Since the trade, $BAND is up 0.4% to date (from the $43.34 close on Oct 16, 2026).

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Bandwidth Inc. director Lukas M. Roush sold 1,500 shares of the company on October 16, 2026, according to a Form 4 filing with the SEC. The shares were sold at a price of $49.04 each, for a total value of $73,560. The transaction was carried out under a pre-arranged trading plan.

BAND Bandwidth Inc.

$43.50 +205.91% year to date

Daily close · Oct 19, 2026

Insider trading track record

Lukas M. Roush vs. the S&P 500

YTD return +202.91% hypothetical

All-time return +169.86% S&P 500 +45.38%

vs. S&P 500 +124.48% ahead of the index

Hypothetical returns from Lukas M. Roush's disclosed trades, not real profit or advice. How we model this.

Inside Lukas M. Roush's BAND Trade

Following the planned sale, Roush holds 58,769 shares of Bandwidth Inc. directly. The trade reduced their holdings by a 2.49% margin. Roush previously sold 1,500 shares on September 16, 2026, at an average price of $48.60.

Other Institutional Activity in Bandwidth Inc.

Hood River Capital Management LLC grew its holdings by 1,147,962 shares, ending with 2,295,924 shares worth about $99,872,694. Driehaus Capital Management, LLC grew its holdings by 694,450 shares, ending with 1,388,899 shares worth about $60,417,106. Shaw D.E. & Co., Inc. grew its holdings by 961,194 shares, ending with 1,311,050 shares worth about $57,030,675. Two Sigma Investments, LP grew its holdings by 330,987 shares, ending with 824,923 shares worth about $35,884,150. Arrowstreet Capital, Limited Partnership grew its holdings by 105,677 shares, ending with 794,130 shares worth about $34,544,655.

Bandwidth Inc. Stock Down 8.0%

Bandwidth recently traded around $43.60, sitting roughly 17.1% below its 50-day moving average of $52.61 and about 11.4% above its 200-day moving average of $39.14. The stock has traded between a 52-week low of $12.50 and a 52-week high of $79.08.

Recent Earnings

Bandwidth reported trailing-twelve-month revenue of $828.2 million with a net margin of 0.3% and a return on equity of 0.6%. The company operates with an EPS of -$0.34 and its next earnings report is scheduled for October 29, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

C+ 66/100

Reported Apr 30, 2026

Forward outlook
1 analysts raised price targets.
EPS & revenue
EPS beat estimates by 22.1%. Revenue beat estimates by 4.3%.
Profit surprise
EBITDA missed by 47 percent. Operating income missed sharply.
Pre-earnings setup
Bar was high, analysts already very bullish.
Analyst signal
1 target raise.
Earnings quality
Gross margin down 6.8 points. Positive free cash flow.

Earnings Call Summary

Bandwidth delivered record first quarter revenue of $209 million, up 20 percent year over year, beating analyst expectations. The company is winning large deals with enterprises and announcing a major partnership with Salesforce to power its new Agentforce contact center platform. Management credited strong demand from AI voice agents moving into production and expanding partnerships in financial services, messaging, and vertical AI applications.

Guidance Bandwidth raised its full year outlook to $880 million to $900 million in total revenue, up 18 percent year over year at the midpoint. The company expects full year earnings per share of $1.77 to $1.83, up 26 percent. Management sees strong momentum from AI-driven voice agent deployment and large enterprise deals still ramping.

Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.

Insider Buying and Selling at Bandwidth Inc.

Officer Devin M Krupka sold 3,074 shares at $48.97 on September 1, 2026, for $150,546. Chief Technology Officer Kade B Ross sold 4,000 shares on September 2, 2026, for $192,585. Chief Financial Officer Daryl E Raiford sold 7,227 shares on September 2, 2026, for $354,082.

Analysts Set New Price Targets

On July 9, 2026, B. Riley Securities maintained a Buy rating and raised its target from $55.00 to $85.00. On July 20, 2026, Citizens maintained a Market Outperform rating and raised its target from $70.00 to $86.00. On August 19, 2026, Piper Sandler maintained a Neutral rating and raised its target from $38.00 to $52.00. On September 16, 2026, B of A Securities initiated a Neutral rating with a $60.00 target. On October 16, 2026, Morgan Stanley initiated an Equal-Weight rating with a $56.00 target. Bandwidth carries a mean analyst price target of $68.60 across five analyst opinions.

About Bandwidth Inc.

Bandwidth Inc. builds cloud-based communications software that lets developers and enterprises embed voice and messaging features into mobile apps and connected devices. The software-infrastructure provider operates a global network platform spanning multiple countries, helping businesses scale communications infrastructure without managing traditional telecom hardware.

Bottom Line

Investors will look toward the upcoming earnings release on October 29, 2026, for further updates on platform growth and profitability. Insiders continue to manage their holdings through regular transactions, while institutional interest remains active.