Assenagon Asset Management S.A. reduced its position in Bandwidth Inc. by 46.4% during the second quarter. The firm sold 228,266 shares according to a Form 13F filing with the SEC. Assenagon now holds 263,607 shares. These holdings are valued at approximately $16.7 million. This position represents 0.82% of the company.
Bandwidth reported a 22.2% year-over-year revenue increase in late July. Quarterly revenue reached $219.9 million. The company also raised its full-year financial guidance.
COO Devesh Agarwal sold 3,173 shares on August 10, 2026. This transaction followed the vesting of restricted stock units.