BANDNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Bandwidth Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$43.50+0.16 (+0.37%)
Close on Oct 19, 2026
- Market cap
- $1.46B
- P/E (TTM)
- –
- Dividend yield
- 0.00%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
95.4%
31M of 32M shares
Institutional holders
241
109 new, 21 sold out
Net institutional buying
7M
In Q2 2026
Insider trades, 12 months
0 buys · 116 sales
Net sold $19.76M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Hood River Capital Management LLC | 2,295,924 | 7.64% | 13G (passive) | Jun 30, 2026 |
| BlackRock, Inc. | 1,893,957 | 7.10% | 13G (passive) amendment | Mar 31, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BAND | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 2,463,857 | 7.66% | $155.96M | −493,851 | 0.00% |
| Hood River Capital Management LLC | 2,295,924 | 7.13% | $145.33M | New | 1.05% |
| Driehaus Capital Management LLC | 1,388,899 | 4.32% | $87.92M | New | 0.51% |
| D. E. Shaw & Co., Inc. | 1,311,050 | 4.07% | $82.99M | +961,190 | 0.04% |
| Vanguard Capital Management LLC | 1,284,658 | 3.99% | $81.32M | +89,780 | 0.00% |
| State Street Corp | 940,836 | 2.92% | $59.55M | +217,541 | 0.00% |
| Dimensional Fund Advisors LP | 938,163 | 2.92% | $59.38M | −613,345 | 0.01% |
| Wellington Management Group Llp | 911,893 | 2.83% | $57.72M | +530,182 | 0.01% |
| Two Sigma Investments, LP | 824,923 | 2.56% | $52.22M | +330,991 | 0.04% |
| Arrowstreet Capital, Limited Partnership | 794,130 | 2.47% | $50.27M | +105,700 | 0.02% |
| Acadian Asset Management LLC | 792,132 | 2.46% | $50.11K | −40,556 | 0.06% |
| Cypress Point Investment Management LP | 775,581 | 2.41% | $49.09M | −807,618 | 8.90% |
| Geode Capital Management, LLC | 767,501 | 2.38% | $48.59M | +74,041 | 0.00% |
| Jane Street Group, LLC | 720,419 | 2.24% | $45.60M | +630,572 | 0.00% |
| Vanguard Portfolio Management LLC | 659,516 | 2.05% | $41.75M | +115,607 | 0.00% |
| Nuveen, LLC | 648,622 | 2.02% | $41.06M | +299,447 | 0.01% |
| Renaissance Technologies LLC | 644,000 | 2.00% | $40.77M | −981 | 0.06% |
| FMR LLC | 544,221 | 1.69% | $34.45M | +20,133 | 0.00% |
| Ameriprise Financial Inc | 536,459 | 1.67% | $33.96M | −43,165 | 0.01% |
| Assenagon Asset Management S.A. | 527,214 | 1.64% | $33.37M | +35,341 | 0.02% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 241 | 31M | 95.4% | 109 / 64 | 51 / 21 | 12M | 5M |
| Q1 2026 | 155 | 24M | 74.3% | 26 / 59 | 49 / 25 | 6M | 2M |
| Q4 2025 | 155 | 23M | 70.3% | 13 / 51 | 60 / 12 | 3M | 1M |
| Q3 2025 | 156 | 21M | 65.4% | 17 / 57 | 53 / 19 | 2M | 2M |
| Q2 2025 | 159 | 21M | 66.1% | 30 / 64 | 40 / 27 | 3M | 2M |
| Q1 2025 | 157 | 20M | 63.2% | 26 / 55 | 46 / 24 | 2M | 2M |
| Q4 2024 | 156 | 20M | 62.3% | 25 / 54 | 42 / 17 | 3M | 2M |
| Q3 2024 | 148 | 19M | 59.9% | 19 / 52 | 49 / 27 | 6M | 2M |
| Q2 2024 | 158 | 19M | 57.7% | 30 / 51 | 52 / 20 | 3M | 3M |
| Q1 2024 | 148 | 19M | 59.7% | 32 / 49 | 43 / 26 | 4M | 3M |
| Q4 2023 | 144 | 19M | 57.9% | 19 / 39 | 54 / 32 | 4M | 2M |
| Q3 2023 | 158 | 17M | 53.4% | 26 / 42 | 47 / 12 | 2M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of BAND | Value | % of fund | As of |
|---|---|---|---|---|---|
| Hood River Small-Cap Growth Fund | 1,105,218 | 3.43% | $69.96M | 1.05% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 911,038 | 2.83% | $57.67M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 761,775 | 2.37% | $48.22M | 0.06% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 344,807 | 1.07% | $21.83M | 0.02% | Jun 30, 2026 |
| Fidelity Enhanced Small Cap Core ETF | 337,240 | 1.05% | $21.35M | 0.37% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 324,545 | 1.01% | $12.70M | 0.04% | Jul 31, 2026 |
| Strategic Advisers U.S. Total Stock Fund | 300,806 | 0.93% | $19.54M | 0.02% | May 31, 2026 |
| iShares Russell 2000 Growth ETF | 273,942 | 0.85% | $17.34M | 0.11% | Jun 30, 2026 |
| Hood River New Opportunities Fund | 202,089 | 0.63% | $12.79M | 1.01% | Jun 30, 2026 |
| Nuveen Quant Small Cap Equity Fund | 192,720 | 0.60% | $7.54M | 0.19% | Jul 31, 2026 |
| State Street(R) SPDR(R) S&P(R) Telecom ETF | 179,493 | 0.56% | $11.36M | 1.60% | Jun 30, 2026 |
| U.S. Targeted Value Portfolio | 174,909 | 0.54% | $6.85M | 0.04% | Jul 31, 2026 |
| EA Bridgeway Omni Small-Cap Value ETF | 160,974 | 0.50% | $10.19M | 0.43% | Jun 30, 2026 |
| College Retirement Equities Fund - Total Global Stock Account | 160,880 | 0.50% | $10.18M | 0.01% | Jun 30, 2026 |
| Driehaus Small Cap Growth Fund | 158,774 | 0.49% | $10.05M | 0.62% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| David A. Morken | Chairman & CEO, Director | 1,408,705 | 4.38% | Sep 1, 2026 |
| Rebecca Bottorff | Chief People Officer, Director | 11,830 | 0.04% | Sep 1, 2026 |
| Emily C. Harlan | General Counsel | 17,552 | 0.05% | Sep 10, 2026 |
| Kade Ross | Chief Information Officer | 45,975 | 0.14% | Sep 3, 2026 |
| Daryl E. Raiford | Chief Financial Officer | 28,605 | 0.09% | Sep 3, 2026 |
| Devin M. Krupka | Controller, PAO | 11,958 | 0.04% | Sep 2, 2026 |
| Devesh Agarwal | Chief Operating Officer | 79,138 | 0.25% | Sep 1, 2026 |
| Richard Brandon Asbill | General Counsel | 7,550 | 0.02% | Sep 1, 2026 |
| Lukas M. Roush | Director | 60,269 | 0.19% | Sep 17, 2026 |
| Brian D. Bailey | Director | 75,422 | 0.23% | Sep 1, 2026 |
| Douglas A. Suriano | Director | 45,410 | 0.14% | Sep 1, 2026 |
| John C. Murdock | Director | 118,823 | 0.37% | Jan 2, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Lukas M. Roush Director | Sep 16, 2026 | Sale(10b5-1 plan) | −1,500 | $48.60 | $72.90K | 60,269 |
| Daryl E. Raiford Chief Financial Officer | Sep 2, 2026 | Sale(10b5-1 plan) | −3,291 | $49.97 | $164.45K | 28,605 |
| Daryl E. Raiford Chief Financial Officer | Sep 2, 2026 | Sale(10b5-1 plan) | −2,536 | $47.74 | $121.07K | 33,296 |
| Daryl E. Raiford Chief Financial Officer | Sep 2, 2026 | Sale(10b5-1 plan) | −1,400 | $48.99 | $68.59K | 31,896 |
| Kade Ross Chief Information Officer | Sep 2, 2026 | Sale(10b5-1 plan) | −2,096 | $47.54 | $99.64K | 45,975 |
| Kade Ross Chief Information Officer | Sep 2, 2026 | Sale(10b5-1 plan) | −1,151 | $48.50 | $55.82K | 44,824 |
| Kade Ross Chief Information Officer | Sep 2, 2026 | Sale(10b5-1 plan) | −753 | $49.29 | $37.12K | 44,071 |
| Devin M. Krupka Controller, PAO | Sep 1, 2026 | Sale(10b5-1 plan) | −3,074 | $48.97 | $150.53K | 11,958 |
| Rebecca Bottorff Chief People Officer, Director | Aug 31, 2026 | Sale | −1,587 | $48.82 | $77.48K | 11,830 |
| Rebecca Bottorff Chief People Officer, Director | Aug 31, 2026 | Sale | −1,126 | $49.60 | $55.85K | 10,704 |
| David A. Morken Chairman & CEO, Director | Aug 31, 2026 | Sale | −3,000 | $48.82 | $146.46K | 8,830 |
| David A. Morken Chairman & CEO, Director | Aug 31, 2026 | Sale | −2,128 | $49.60 | $105.55K | 6,702 |
| Devesh Agarwal Chief Operating Officer | Aug 31, 2026 | Sale | −2,020 | $49.60 | $100.19K | 79,138 |
| Devesh Agarwal Chief Operating Officer | Aug 31, 2026 | Sale | −2,849 | $48.82 | $139.09K | 81,158 |
| Kade Ross Chief Information Officer | Aug 31, 2026 | Sale | −671 | $49.60 | $33.28K | 48,071 |
| Kade Ross Chief Information Officer | Aug 31, 2026 | Sale | −945 | $48.82 | $46.13K | 48,742 |
| Richard Brandon Asbill General Counsel | Aug 31, 2026 | Sale | −760 | $49.60 | $37.70K | 7,550 |
| Richard Brandon Asbill General Counsel | Aug 31, 2026 | Sale | −1,072 | $48.82 | $52.34K | 8,310 |
| Daryl E. Raiford Chief Financial Officer | Aug 31, 2026 | Sale | −2,734 | $48.82 | $133.47K | 37,771 |
| Daryl E. Raiford Chief Financial Officer | Aug 31, 2026 | Sale | −1,939 | $49.60 | $96.17K | 35,832 |
| Devin M. Krupka Controller, PAO | Aug 31, 2026 | Sale | −506 | $49.60 | $25.10K | 15,032 |
| Devin M. Krupka Controller, PAO | Aug 31, 2026 | Sale | −713 | $48.82 | $34.81K | 15,538 |
| Rebecca Bottorff Chief People Officer, Director | Aug 28, 2026 | Option exercise | +1,487 | – | – | 7,107 |
| Rebecca Bottorff Chief People Officer, Director | Aug 28, 2026 | Option exercise | +4,121 | – | – | 11,228 |
| Rebecca Bottorff Chief People Officer, Director | Aug 28, 2026 | Option exercise | +2,189 | – | – | 13,417 |
| David A. Morken Chairman & CEO, Director | Aug 28, 2026 | Option exercise | +4,103 | – | – | 11,830 |
| David A. Morken Chairman & CEO, Director | Aug 28, 2026 | Option exercise | +7,727 | – | – | 7,727 |
| Devesh Agarwal Chief Operating Officer | Aug 28, 2026 | Option exercise | +3,927 | – | – | 76,703 |
| Devesh Agarwal Chief Operating Officer | Aug 28, 2026 | Option exercise | +2,086 | – | – | 78,789 |
| Devesh Agarwal Chief Operating Officer | Aug 28, 2026 | Option exercise | +5,218 | – | – | 84,007 |
| Kade Ross Chief Information Officer | Aug 28, 2026 | Option exercise | +446 | – | – | 44,442 |
| Kade Ross Chief Information Officer | Aug 28, 2026 | Option exercise | +3,392 | – | – | 47,834 |
| Kade Ross Chief Information Officer | Aug 28, 2026 | Option exercise | +1,853 | – | – | 49,687 |
| Richard Brandon Asbill General Counsel | Aug 28, 2026 | Option exercise | +4,168 | – | – | 7,168 |
| Richard Brandon Asbill General Counsel | Aug 28, 2026 | Option exercise | +2,214 | – | – | 9,382 |
| Brian D. Bailey Director | Aug 28, 2026 | Option exercise | +3,333 | – | – | 75,422 |
| Daryl E. Raiford Chief Financial Officer | Aug 28, 2026 | Option exercise | +5,730 | – | – | 34,335 |
| Daryl E. Raiford Chief Financial Officer | Aug 28, 2026 | Option exercise | +6,170 | – | – | 40,505 |
| Devin M. Krupka Controller, PAO | Aug 28, 2026 | Option exercise | +2,775 | – | – | 14,733 |
| Devin M. Krupka Controller, PAO | Aug 28, 2026 | Option exercise | +1,518 | – | – | 16,251 |
| Douglas A. Suriano Director | Aug 28, 2026 | Option exercise | +3,333 | – | – | 45,410 |
| Lukas M. Roush Director | Aug 28, 2026 | Option exercise | +3,333 | – | – | 61,769 |
| Lukas M. Roush Director | Aug 27, 2026 | Sale(10b5-1 plan) | −1,500 | $47.35 | $71.03K | 58,436 |
| Douglas A. Suriano Director | Aug 17, 2026 | Sale(10b5-1 plan) | −200 | $54.17 | $10.83K | 42,077 |
| Douglas A. Suriano Director | Aug 17, 2026 | Sale(10b5-1 plan) | −3,800 | $53.03 | $201.51K | 42,277 |
| Devesh Agarwal Chief Operating Officer | Aug 10, 2026 | Sale | −3,173 | $50.45 | $160.08K | 72,776 |
| Devesh Agarwal Chief Operating Officer | Aug 8, 2026 | Option exercise | +7,370 | – | – | 75,949 |
| Devin M. Krupka Controller, PAO | Jun 12, 2026 | Sale(10b5-1 plan) | −1,800 | $64.01 | $115.22K | 24,571 |
| Devin M. Krupka Controller, PAO | Jun 12, 2026 | Sale(10b5-1 plan) | −456 | $66.73 | $30.43K | 11,958 |
| Devin M. Krupka Controller, PAO | Jun 12, 2026 | Sale(10b5-1 plan) | −7,263 | $65.22 | $473.69K | 17,308 |
| Devin M. Krupka Controller, PAO | Jun 12, 2026 | Sale(10b5-1 plan) | −4,894 | $66.18 | $323.88K | 12,414 |
| Richard Brandon Asbill General Counsel | Jun 5, 2026 | Sale | −16,884 | $72.59 | $1.23M | 3,000 |
| Richard Brandon Asbill General Counsel | Jun 5, 2026 | Sale | −12,330 | $71.27 | $878.76K | 19,884 |
| David A. Morken Chairman & CEO, Director | Jun 3, 2026 | Gift | −7,198 | – | – | 0 |
| Kade Ross Chief Information Officer | Jun 2, 2026 | Sale(10b5-1 plan) | −48 | $72.53 | $3.48K | 43,996 |
| Kade Ross Chief Information Officer | Jun 2, 2026 | Sale(10b5-1 plan) | −176 | $71.65 | $12.61K | 44,044 |
| Kade Ross Chief Information Officer | Jun 2, 2026 | Sale(10b5-1 plan) | −692 | $70.63 | $48.88K | 44,220 |
| Kade Ross Chief Information Officer | Jun 2, 2026 | Sale(10b5-1 plan) | −860 | $69.70 | $59.94K | 44,912 |
| Kade Ross Chief Information Officer | Jun 2, 2026 | Sale(10b5-1 plan) | −2,224 | $68.64 | $152.66K | 45,772 |
| Daryl E. Raiford Chief Financial Officer | Jun 2, 2026 | Sale(10b5-1 plan) | −100 | $72.30 | $7.23K | 28,605 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Richard Brandon Asbill Former Officer | Sep 11, 2026 | 7,550 | $368.67K | Sep 11, 2026 | Restricted stock vesting under a registered plan |
| Ross Kade Officer | Sep 2, 2026 | 8,000 | $406.32K | Sep 2, 2026 | RSU Vesting |
| Lukas M. Roush Director | Aug 27, 2026 | 3,000 | $139.05K | Aug 27, 2026 | Restricted stock vesting under a registered plan |
| Rebecca Bottorff Officer, Director | Aug 27, 2026 | 3,000 | $139.05K | Aug 31, 2026 | Restricted stock vesting under a registered plan |
| Devesh Agarwal Officer | Aug 27, 2026 | 5,000 | $231.75K | Aug 31, 2026 | Restricted stock vesting under a registered plan |
| Richard Brandon Asbill Officer | Aug 27, 2026 | 2,000 | $92.70K | Aug 31, 2026 | Restricted stock vesting under a registered plan |
| Devin M. Krupka Officer | Aug 27, 2026 | 4,293 | $198.98K | Aug 31, 2026 | Restricted stock vesting under a registered plan |
| David A. Morken Officer, Director | Aug 27, 2026 | 6,000 | $278.10K | Aug 31, 2026 | Restricted stock vesting under a registered plan |
| Daryl E. Raiford Officer | Aug 27, 2026 | 11,900 | $551.57K | Aug 31, 2026 | Restricted stock vesting under a registered plan |
| Kade Ross Officer | Aug 27, 2026 | 2,000 | $92.70K | Aug 31, 2026 | Restricted stock vesting under a registered plan |
| Douglas A. Suriano Director | Aug 17, 2026 | 4,000 | $215.88K | Aug 17, 2026 | Restricted stock vesting under a registered plan |
| Devesh Agarwal Officer | Aug 7, 2026 | 4,000 | $184.80K | Aug 10, 2026 | Restricted stock vesting under a registered plan |
| Richard Brandon Asbill Officer | Jun 5, 2026 | 29,214 | $1.92M | Jun 5, 2026 | Restricted stock vesting under a registered plan |
| Henry R. Kaestner associated to affiliate | Jun 5, 2026 | 195,000 | $14.27M | Jun 5, 2026 | Open Market Purchase |
| Richard Brandon Asbill Officer | May 27, 2026 | 3,000 | $175.62K | May 29, 2026 | Restricted stock vesting under a registered plan |