Principal Financial Group Inc. Grows Holdings in Bandwidth Inc. $BAND

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 (SEC). 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. owned 0.13% of Bandwidth worth $742,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BAND. CSM Advisors LLC acquired a new position in Bandwidth in the fourth quarter valued at $5,342,000. AQR Capital Management LLC boosted its stake in shares of Bandwidth by 49.1% during the second quarter. AQR Capital Management LLC now owns 587,305 shares of the company’s stock worth $9,338,000 after buying an additional 193,398 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Bandwidth by 51.1% during the first quarter. Assenagon Asset Management S.A. now owns 491,873 shares of the company’s stock worth $8,765,000 after buying an additional 166,423 shares during the period. Bridgeway Capital Management LLC purchased a new position in shares of Bandwidth during the second quarter worth about $2,166,000. Finally, UBS Group AG grew its holdings in shares of Bandwidth by 189.2% during the fourth quarter. UBS Group AG now owns 205,300 shares of the company’s stock worth $3,172,000 after buying an additional 134,309 shares during the last quarter. 68.53% of the stock is owned by hedge funds and other institutional investors.

Bandwidth Stock Up 0.8%

BAND opened at $39.14 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.04 and a quick ratio of 0.94. The business has a 50 day simple moving average of $61.34 and a 200-day simple moving average of $35.70. The stock has a market capitalization of $1.25 billion, a P/E ratio of -134.97 and a beta of 2.92. Bandwidth Inc. has a 12 month low of $12.50 and a 12 month high of $79.08.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $219.90 million for the quarter, compared to the consensus estimate of $217.62 million. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.Bandwidth’s revenue for the quarter was up 22.2% on a year-over-year basis. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. On average, equities analysts anticipate that Bandwidth Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Transactions at Bandwidth

In other Bandwidth news, General Counsel Richard Brandon Asbill sold 29,214 shares of the company’s stock in a transaction on Friday, June 5th. The stock was 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 of the company’s stock, valued at approximately $216,090. This represents a 90.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daryl E. Raiford sold 4,228 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $64.15, for a total value of $271,226.20. Following the sale, the chief financial officer owned 42,919 shares in the company, valued at approximately $2,753,253.85. This trade represents a 8.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 117,269 shares of company stock valued at $6,876,623. 5.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on BAND. B. Riley Financial upped their price objective on Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Zacks Research downgraded Bandwidth from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Needham & Company LLC boosted their target price on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Citizens Jmp upped their price target on Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a research note on Monday, July 20th. Finally, Wall Street Zen downgraded Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 28th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

Bandwidth Company Profile

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.