BANDWIDTH INC BAND
COM CL A · Common Stock · CUSIP 05988J103 · ISIN US05988J1034
American communications provider
- SectorTechnology
- IndustryServices-Prepackaged Software
- HeadquartersRaleigh, NC
- Founded1999
- Websitebandwidth.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($14.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $63.13. Options: 10 managers hold calls ($66.8m notional), 4 hold puts ($7.9m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 163 |
| Q4 2022 | 165 |
| Q1 2023 | 165 |
| Q2 2023 | 146 |
| Q3 2023 | 160 |
| Q4 2023 | 145 |
| Q1 2024 | 149 |
| Q2 2024 | 159 |
| Q3 2024 | 149 |
| Q4 2024 | 157 |
| Q1 2025 | 158 |
| Q2 2025 | 160 |
| Q3 2025 | 156 |
| Q4 2025 | 155 |
| Q1 2026 | 155 |
| Q2 2026 | 241 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 69 | 74 |
| Q4 2024 | 73 | 59 |
| Q1 2025 | 79 | 69 |
| Q2 2025 | 93 | 67 |
| Q3 2025 | 72 | 71 |
| Q4 2025 | 60 | 72 |
| Q1 2026 | 81 | 74 |
| Q2 2026 | 173 | 72 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $3.5m | $781.8k | 0.22 |
| Q4 2025 | $1.1m | $449.6k | 0.42 |
| Q1 2026 | $1.9m | $495.4k | 0.27 |
| Q2 2026 | $66.8m | $7.9m | 0.12 |
Biggest buyers
| Hood River Capital Management LLC | New | +2.3m |
| Driehaus Capital Management LLC | New | +1.4m |
| D. E. Shaw & Co., Inc. | Added | +961.2k |
| JANE STREET GROUP, LLC | Added | +630.6k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +530.2k |
| Portolan Capital Management, LLC | New | +412.7k |
| G2 Investment Partners Management LLC | New | +366.9k |
| TWO SIGMA INVESTMENTS, LP | Added | +331.0k |
| JENNISON ASSOCIATES LLC | New | +315.2k |
| Nuveen, LLC | Added | +299.4k |
Biggest sellers
| CYPRESS POINT INVESTMENT MANAGEMENT LP | Reduced | -807.6k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -613.3k |
| BlackRock, Inc. | Reduced | -493.9k |
| Bastion Asset Management Inc. | Sold out | -393.3k |
| CSM Advisors, LLC | Reduced | -331.1k |
| Archon Capital Management LLC | Reduced | -271.7k |
| BARCLAYS PLC | Reduced | -218.4k |
| Dana Investment Advisors, Inc. | Reduced | -217.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Sold out | -180.6k |
| Palogic Value Management, L.P. | Reduced | -162.5k |
Biggest calls
| UBS Group AG | New | $27.6m435.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.4m133.2k shares |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | New | $6.3m100.0k shares |
| PEAK6 LLC | New | $5.3m83.1k shares |
| JANE STREET GROUP, LLC | Added | $5.2m82.1k shares |
| CITADEL ADVISORS LLC | Added | $5.1m81.0k shares |
| IMC-Chicago, LLC | New | $5.1m80.5k shares |
| Point72 Asset Management, L.P. | New | $2.4m37.3k shares |
| SIMPLEX TRADING, LLC | Added | $765.9k12.1k shares |
| GROUP ONE TRADING LLC | Added | $645.7k10.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.5m55.1k shares |
| Point72 Asset Management, L.P. | New | $1.7m26.9k shares |
| CITADEL ADVISORS LLC | Added | $1.6m25.8k shares |
| JANE STREET GROUP, LLC | New | $1.1m17.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Hood River Capital Management LLC 13G · institution new · filed 2026-08-14 | 7.6% |
| BlackRock, Inc. 13G · institution filed 2025-04-23 | 7.1% |
Fell to 5% or below in the last year: DIMENSIONAL FUND ADVISORS LP (3.1%, 2026-07-14), VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 7 | $1.2m | $1.2m |
| Q1 2025 | 0 | — | 7 | $1.6m | $1.4m |
| Q2 2025 | 0 | — | 7 | $612.3k | $355.9k |
| Q3 2025 | 0 | — | 8 | $1.5m | $601.1k |
| Q4 2025 | 0 | — | 9 | $936.9k | $895.1k |
| Q1 2026 | 0 | — | 5 | $2.4m | $648.9k |
| Q2 2026 | 0 | — | 8 | $14.1m | $3.7m |
| Q3 2026 | 0 | — | 9 | $2.3m | $1.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-16 | Roush Lukas M. Director | Sold plan | $72.9k1.5k shares |
| 2026-09-02 | Raiford Daryl E Chief Financial Officer | Sold plan | $354.1k7.2k shares |
| 2026-09-02 | Ross Kade Chief Information Officer | Sold plan | $192.6k4.0k shares |
| 2026-09-01 | Krupka Devin M Controller, PAO | Sold plan | $150.5k3.1k shares |
| 2026-08-31 | Morken David A. Chairman & CEO, director | Sold | $252.0k5.1k shares |
| 2026-08-31 | Agarwal Devesh Chief Operating Officer | Sold | $239.3k4.9k shares |
| 2026-08-31 | Raiford Daryl E Chief Financial Officer | Sold | $229.6k4.7k shares |
| 2026-08-31 | Bottorff Rebecca Chief People Officer, director | Sold | $133.3k2.7k shares |
| 2026-08-31 | Asbill Richard Brandon General Counsel | Sold | $90.0k1.8k shares |
| 2026-08-31 | Ross Kade Chief Information Officer | Sold | $79.4k1.6k shares |
| 2026-08-31 | Krupka Devin M Controller, PAO | Sold | $59.9k1.2k shares |
| 2026-08-27 | Roush Lukas M. Director | Sold plan | $71.0k1.5k shares |
| 2026-08-17 | Suriano Douglas A Director | Sold plan | $212.3k4.0k shares |
| 2026-08-10 | Agarwal Devesh Chief Operating Officer | Sold | $160.1k3.2k shares |
| 2026-06-12 | Krupka Devin M Controller, PAO | Sold plan | $943.2k14.4k shares |
| 2026-06-05 | Asbill Richard Brandon General Counsel | Sold | $2.1m29.2k shares |
| 2026-06-02 | Raiford Daryl E Chief Financial Officer | Sold plan | $441.0k6.4k shares |
| 2026-06-02 | Ross Kade Chief Information Officer | Sold plan | $277.6k4.0k shares |
| 2026-06-01 | Raiford Daryl E Chief Financial Officer | Sold plan | $543.9k7.9k shares |
| 2026-06-01 | Raiford Daryl E Chief Financial Officer | Sold | $271.2k4.2k shares |
| 2026-05-29 | Morken David A. Chairman & CEO, director | Sold | $272.6k4.6k shares |
| 2026-05-29 | Agarwal Devesh Chief Operating Officer | Sold | $239.3k4.1k shares |
| 2026-05-29 | Raiford Daryl E Chief Financial Officer | Sold | $233.1k4.0k shares |
| 2026-05-29 | Bottorff Rebecca Chief People Officer, director | Sold | $128.1k2.2k shares |
| 2026-05-29 | Asbill Richard Brandon General Counsel | Sold | $104.8k1.8k shares |
| 2026-05-29 | Ross Kade Chief Information Officer | Sold | $93.4k1.6k shares |
| 2026-05-29 | Krupka Devin M Controller, PAO | Sold | $70.5k1.2k shares |
| 2026-05-20 | Agarwal Devesh Chief Operating Officer | Sold | $858.6k15.0k shares |
| 2026-05-14 | Agarwal Devesh Chief Operating Officer | Sold | $430.0k8.3k shares |
| 2026-05-13 | Agarwal Devesh Chief Operating Officer | Sold | $612.6k11.7k shares |
The latest 30 of 40 trades.
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 2.5m $156.0m | Reduced -493.9k |
| Hood River Capital Management LLC 1.05% of their portfolio | 2.3m $145.3m | New |
| Driehaus Capital Management LLC 0.51% of their portfolio | 1.4m $87.9m | New |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 1.3m $83.0m | Added +961.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.3m $81.3m | Added +89.8k |
| STATE STREET CORP 0.00% of their portfolio | 940.8k $59.6m | Added +217.5k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 938.2k $59.4m | Reduced -613.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 911.9k $57.7m | Added +530.2k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 824.9k $52.2m | Added +331.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 794.1k $50.3m | Added +105.7k |
| ACADIAN ASSET MANAGEMENT LLC 0.06% of their portfolio | 792.1k $50.1m | Reduced -40.6k |
| CYPRESS POINT INVESTMENT MANAGEMENT LP 8.90% of their portfolio | 775.6k $49.1m | Reduced -807.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 767.5k $48.6m | Added +74.0k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 720.4k $45.6m | Added +630.6k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 659.5k $41.7m | Added +115.6k |
| Nuveen, LLC 0.01% of their portfolio | 648.6k $41.1m | Added +299.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 644.0k $40.8m | Reduced -981 |
| FMR LLC 0.00% of their portfolio | 544.2k $34.4m | Added +20.1k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 536.5k $34.0m | Reduced -43.2k |
| Assenagon Asset Management S.A. 0.02% of their portfolio | 527.2k $33.4m | Added +35.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.06% of their portfolio | 486.5k $30.8m | Added +19.0k |
| Portolan Capital Management, LLC 0.98% of their portfolio | 412.7k $26.1m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 383.0k $24.2m | Added +162.1k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 381.1k $24.1m | Reduced -62.5k |
| G2 Investment Partners Management LLC 4.23% of their portfolio | 366.9k $23.2m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 346.3k $21.9m | Reduced -18.7k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 315.2k $20.0m | New |
| Archon Capital Management LLC 8.00% of their portfolio | 311.4k $19.7m | Reduced -271.7k |
| MORGAN STANLEY 0.00% of their portfolio | 286.8k $18.2m | Added +35.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 251.3k $15.9m | Added +24.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 249.4k $15.8m | Added +15.7k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.26% of their portfolio | 236.0k $14.9m | Added +6.5k |
| Dana Investment Advisors, Inc. 0.38% of their portfolio | 230.9k $14.6m | Reduced -217.3k |
| PANAGORA ASSET MANAGEMENT INC 0.04% of their portfolio | 230.8k $14.6m | Added +76.5k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 227.3k $14.4m | New |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 212.8k $13.5m | Added +29.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 192.7k $12.2m | Added +47.2k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 192.1k $12.2m | New |
| Parcion Private Wealth LLC 0.66% of their portfolio | 188.2k $11.9m | Reduced -56.3k |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 187.3k $11.9m | New |
| Jump Financial, LLC 0.10% of their portfolio | 177.0k $11.2m | Added +63.2k |
| UBS Group AG 0.00% of their portfolio | 175.9k $11.1m | Reduced -37.5k |
| CITIGROUP INC 0.00% of their portfolio | 161.9k $10.2m | Added +157.7k |
| Empowered Funds, LLC 0.05% of their portfolio | 161.0k $10.2m | Added +6.5k |
| Trexquant Investment LP 0.06% of their portfolio | 158.8k $10.1m | Added +40.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 152.6k $9.7m | Added +117.0k |
| Pier Capital, LLC 1.18% of their portfolio | 140.4k $8.9m | New |
| HERALD INVESTMENT MANAGEMENT Ltd 1.06% of their portfolio | 124.0k $7.8m | Reduced -51.0k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 114.5k $7.2m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 113.6k $7.1m | Added +56.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 113.0k $2.0m | Reduced -101.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 106.0k $6.7m | Added +2.5k |
| ROYCE & ASSOCIATES LP 0.05% of their portfolio | 105.5k $6.7m | New |
| CSM Advisors, LLC 0.14% of their portfolio | 102.9k $6.5m | Reduced -331.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 101.8k $6.4m | New |
| Ma Investment Partnership, LP 1.13% of their portfolio | 100.0k $6.3m | New |
| Blue Trust, Inc. 0.06% of their portfolio | 97.7k $6.2m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 90.9k $5.8m | Added +30.6k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.11% of their portfolio | 89.1k $5.6m | New |
| Divisadero Street Capital Management, LP 0.13% of their portfolio | 86.1k $5.4m | New |
| ANTIPODES PARTNERS Ltd 0.10% of their portfolio | 82.6k $5.2m | Reduced -66.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 79.0k $5.0m | Added +51.1k |
| Quantinno Capital Management LP 0.01% of their portfolio | 77.7k $4.9m | Added +823 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 72.2k $4.6m | New |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 0.12% of their portfolio | 72.0k $4.6m | New |
| ALGERT GLOBAL LLC 0.05% of their portfolio | 71.0k $4.5m | Reduced -125.3k |
| CASTLEARK MANAGEMENT LLC 0.12% of their portfolio | 68.9k $4.4m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 66.5k $4.2m | Added +1.9k |
| Decker Retirement Planning Inc. 1.41% of their portfolio | 65.2k $4.1m | New |
| Aquatic Capital Management LLC 0.14% of their portfolio | 64.7k $4.1m | New |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 63.8k $4.0m | Added +995 |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 60.5k $3.8m | New |
| Robeco Institutional Asset Management B.V. 0.00% of their portfolio | 58.0k $3.7m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 52.6k $3.3m | Added +11.0k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 51.7k $3.3m | New |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 51.5k $3.3m | Added +40.3k |
| FORA Capital, LLC 0.22% of their portfolio | 50.5k $3.2m | New |
| Invesco Ltd. 0.00% of their portfolio | 49.0k $3.1m | Reduced -19.0k |
| GLOBEFLEX CAPITAL L P 0.37% of their portfolio | 45.3k $2.9m | Reduced -15.8k |
| SIMPLEX TRADING, LLC 0.07% of their portfolio | 44.9k $2.8m | Added +44.8k |
| Jefferies Financial Group Inc. 0.02% of their portfolio | 42.4k $2.7m | New |
| Informed Momentum Co LLC 0.23% of their portfolio | 41.6k $2.6m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 41.6k $2.6m | Reduced -89.0k |
| Sone Capital Management, LLC 0.19% of their portfolio | 40.1k $2.5m | New |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.16% of their portfolio | 40.0k $2.5m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 39.8k $2.5m | Added +2.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 38.6k $2.4m | Added +26.1k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 38.4k $2.4m | Added +570 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 37.9k $2.4m | Added +3.4k |
| Engineers Gate Manager LP 0.03% of their portfolio | 35.0k $2.2m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 34.7k $2.2m | Reduced -10.0k |
| Quadrature Capital Ltd 0.02% of their portfolio | 33.5k $2.1m | New |
| SEGALL BRYANT & HAMILL, LLC 0.03% of their portfolio | 33.4k $2.1m | New |
| NANO CAP NEW MILLENNIUM GROWTH FUND L P 1.58% of their portfolio | 32.5k $2.1m | Reduced -100.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 31.2k $1.9m | Added +19.0k |
| MBL Wealth, LLC 0.13% of their portfolio | 29.1k $1.8m | Unchanged |
| EFG International AG 0.03% of their portfolio | 27.1k $1.7m | New |
| Quantedge Capital Pte Ltd 1.23% of their portfolio | 25.7k $1.6m | New |
| Tidal Investments LLC 0.00% of their portfolio | 22.9k $1.5m | New |
| Palogic Value Management, L.P. 0.51% of their portfolio | 22.5k $1.4m | Reduced -162.5k |