The selling is routine in both dollar amount and breadth — no single insider's sale is large enough to signal a bearish view. Monitor for any upcoming earnings or material announcements that might explain the cluster, but the low proportionality suggests no actionable signal. The ongoing selling pattern (30d total $1.2M) is consistent with normal portfolio diversification and tax planning.
Price Chart
Executive Summary
Eight Bandwidth insiders (including CEO, CFO, COO, CIO, General Counsel, and Chief People Officer) sold a combined $742K in open-market transactions over a 7-day window ending September 2, 2026. The total sales represent approximately 0.05% of the company's $1.5B market cap, making this a routine and immaterial cluster. No single insider's sale exceeds $164K, and the pattern is consistent with ongoing insider selling (30-day total of $1.2M).
Key Financial Metrics
Key Facts
- 8 insiders sold a total of $742K in open-market transactions over 7 days (Aug 26 – Sep 2, 2026)
- Sales include CEO David Morken ($252K), CFO Daryl Raiford ($584K across multiple trades), COO Devesh Agarwal ($239K), and other C-suite executives
- Total sales equal ~0.05% of Bandwidth's $1.5B market cap — well below the 0.1% materiality threshold
- All transactions are open-market sells (code S); no non-cash or derivative exercises involved
Financial Impact
Total insider sales of $742K represent 0.05% of market cap — immaterial
Risk Factors
- No material risk from this insider selling pattern given the trivial dollar amounts relative to market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BAND-1788505941824 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $50.08 $50.23 | ▲ +0.30% | ▼ −0.52% | $63.74 (+27.28%) |
Sep 15, 2026 17d ago | Press Release | $50.08 $50.23 | ▲ +0.30% | ▼ −0.52% | $63.74 (+27.28%) |
Sep 4, 2026 28d ago | 8-K | $43.77 $48.97 | ▲ +11.88% | ▲ +13.09% | $63.74 (+45.62%) |
Sep 3, 2026 29d ago | Insider Cluster | $47.09 $56.87 | ▲ +20.77% | ▲ +21.92% | $63.74 (+35.36%) |
Sep 2, 2026 4w ago | Insider Cluster | $47.09 $56.87 | ▲ +20.77% | ▲ +21.92% | $63.74 (+35.36%) |
Sep 1, 2026 4w ago | Insider Cluster | $50.79 $48.83 | ▼ −3.86% | ▼ −3.94% | $63.74 (+25.50%) |
Aug 28, 2026 5w ago | 144 | $49.00 $43.77 | ▼ −10.67% | ▼ −10.78% | $63.74 (+30.08%) |
Aug 18, 2026 6w ago | Insider Cluster | $52.30 $46.89 | ▼ −10.34% | ▼ −9.96% | $63.74 (+21.87%) |
Jul 29, 2026 9w ago | 8-K | $36.95 $45.67 | ▲ +23.60% | ▲ +18.07% | $63.74 (+72.50%) |
Jun 16, 2026 15w ago | 8-K | $51.78 $52.73 | ▲ +1.83% | ▲ +4.07% | $63.74 (+23.10%) |
US Market Status
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