Bandwidth Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:BAND Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
21 Nov 25	SellUS$20,892	Carmichael Partners	Company	1,516	US$13.78
21 Nov 25	SellUS$20,906	Carmichael Investment Partners LLC	Company	1,517	US$13.78
11 Sep 25	SellUS$225,085	Daryl Raiford	Individual	14,500	US$15.52
09 Sep 25	SellUS$617,412	Daryl Raiford	Individual	39,768	US$15.71
04 Sep 25	SellUS$72,271	Daryl Raiford	Individual	4,744	US$15.46
09 Jun 25	SellUS$256,355	Rebecca Bottorff	Individual	16,935	US$15.14
05 Mar 25	SellUS$150,583	Richard Asbill	Individual	9,878	US$15.24

Insider Trading Volume

Insider Buying: BAND insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of BAND?
Owner Type	Number of Shares	Ownership Percentage
State or Government	12,808	0.042%
Private Companies	1,093,740	3.58%
Individual Insiders	2,091,398	6.85%
General Public	6,107,377	20%
Institutions	21,216,258	69.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 59.56% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.39%	BlackRock, Inc.	2,865,048	US$39.9m	-0.77%	no data
6.52%	The Vanguard Group, Inc.	1,988,533	US$27.7m	3.51%	no data
4.8%	Dimensional Fund Advisors LP	1,464,976	US$20.4m	2.11%	no data
4.16%	Henry Kaestner	1,271,035	US$17.7m	0%	no data
3.58%	Hazel-Rah III Llc	1,093,740	US$15.2m	0%	no data
2.62%	Acadian Asset Management LLC	800,340	US$11.1m	9.82%	0.02%
2.44%	Portolan Capital Management, LLC	745,802	US$10.4m	116%	0.62%
2.18%	Geode Capital Management, LLC	664,873	US$9.3m	2.48%	no data
2.13%	Renaissance Technologies LLC	648,900	US$9.0m	-9.57%	0.01%
2.1%	Columbia Management Investment Advisers, LLC	642,264	US$8.9m	10.5%	no data
2.1%	Connor, Clark & Lunn Investment Management Ltd.	641,156	US$8.9m	-5.84%	0.03%
2.07%	State Street Global Advisors, Inc.	632,772	US$8.8m	4.96%	no data
1.47%	Dana Investment Advisors Inc	449,834	US$6.3m	-0.71%	0.19%
1.43%	Wellington Management Group LLP	437,262	US$6.1m	198%	no data
1.37%	AQR Capital Management, LLC	417,449	US$5.8m	-26.9%	no data
1.33%	Goldman Sachs Asset Management, L.P.	405,517	US$5.6m	-9.99%	no data
1.27%	Jacobs Levy Equity Management Inc	386,339	US$5.4m	-18.5%	0.02%
1.2%	D. E. Shaw & Co., L.P.	367,326	US$5.1m	-21.2%	no data
1.2%	FMR LLC	365,259	US$5.1m	6.62%	no data
1.14%	Archon Capital Management LLC	348,934	US$4.9m	19.6%	2.57%
1.12%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	341,093	US$4.8m	-17.5%	no data
1.07%	Assenagon Asset Management S.A.	327,942	US$4.6m	71.4%	0.01%
1%	Charles Schwab Investment Management, Inc.	304,371	US$4.2m	11.5%	no data
0.98%	Keel Point, LLC	300,371	US$4.2m	0%	0.27%
0.87%	Qube Research & Technologies Ltd	266,900	US$3.7m	-21.6%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/25 05:39
End of Day Share Price	2025/11/25 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bandwidth Inc. is covered by 14 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
William Power	Baird
Brett Knoblauch	Berenberg
Thomas Walkley	Canaccord Genuity