Bandwidth Inc. $BAND Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in shares of Bandwidth Inc. (NASDAQ:BAND) by 50.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,626 shares of the company’s stock after purchasing an additional 13,959 shares during the period. Principal Financial Group Inc.’s holdings in Bandwidth were worth $742,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in Bandwidth by 183.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock worth $60,000 after buying an additional 2,445 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Bandwidth in the second quarter worth about $85,000. Quantbot Technologies LP acquired a new position in shares of Bandwidth in the second quarter worth about $128,000. State of Wyoming boosted its holdings in Bandwidth by 104.6% in the fourth quarter. State of Wyoming now owns 8,756 shares of the company’s stock valued at $135,000 after purchasing an additional 4,476 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Bandwidth by 35.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock valued at $157,000 after purchasing an additional 2,634 shares during the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Bandwidth Stock Performance

Shares of NASDAQ BAND opened at $39.14 on Friday. The company has a quick ratio of 0.94, a current ratio of 2.04 and a debt-to-equity ratio of 0.87. The firm’s 50-day moving average price is $61.34 and its two-hundred day moving average price is $35.70. Bandwidth Inc. has a 52-week low of $12.50 and a 52-week high of $79.08. The stock has a market capitalization of $1.25 billion, a P/E ratio of -134.97 and a beta of 2.92.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $219.90 million for the quarter, compared to analysts’ expectations of $217.62 million. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.The firm’s revenue was up 22.2% compared to the same quarter last year. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. As a group, sell-side analysts forecast that Bandwidth Inc. will post 0.53 earnings per share for the current year.

Insider Activity at Bandwidth

In other Bandwidth news, General Counsel Richard Brandon Asbill sold 29,214 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $72.03, for a total value of $2,104,284.42. Following the sale, the general counsel owned 3,000 shares in the company, valued at approximately $216,090. This trade represents a 90.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rebecca Bottorff sold 9,425 shares of Bandwidth stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $45.30, for a total value of $426,952.50. Following the sale, the insider directly owned 50,535 shares in the company, valued at approximately $2,289,235.50. This trade represents a 15.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 117,269 shares of company stock valued at $6,876,623. Company insiders own 5.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on BAND. Citigroup restated a “market outperform” rating on shares of Bandwidth in a report on Monday, July 20th. Wall Street Zen lowered shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 28th. Citizens Jmp boosted their target price on shares of Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a research report on Monday, July 20th. B. Riley Financial upped their target price on shares of Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Needham & Company LLC increased their price target on shares of Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Bandwidth has an average rating of “Moderate Buy” and an average price target of $61.75.

About Bandwidth

Bandwidth Inc operates a cloud-based communications platform that provides voice, messaging and emergency services APIs for enterprises and developers. Through its proprietary network and software-as-a-service model, the company enables customers to integrate programmable voice calls, text messaging and 9-1-1 routing into their applications. Bandwidth’s solutions aim to reduce complexity and improve reliability in mission-critical communications, serving industries such as healthcare, financial services, on-demand mobility and customer engagement.

Founded in 1999 in Raleigh, North Carolina by co-founders David Morken and Henry Kaestner, Bandwidth initially focused on voice-over-IP infrastructure before evolving into a full communications API provider.