Insider Cluster (4 insiders) ·Filed Apr 21, 2026

BMI

BADGER METER INC
MIXED
Impact 6/10
Horizonweeks Processed5mo ago
Insider cluster: 2 insiders, $456K total
Actionable Insight ◆ Mixed

Monitor upcoming guidance and order trends in the next 10-Q for signs of recovery. While the earnings miss was negative, the CEO and executives stepping in with meaningful open-market purchases suggests confidence in valuation or future rebound — a potential contrarian signal worth watching.

DirectionMixed
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d
BMI ▲ +25.04% at T+60d
NEUTRAL call ✓ call won +25.04% · α vs SPY +18.14% · entry $120.89 → $151.16
Entry anchored
Apr 20, 03:59 PM ET
via exchange tick
T+1d
+2.21%
call +2.21% · α +1.19%
$123.56
settled 5mo ago
T+5d
-2.04%
call -2.04% · α -3.13%
$118.42
settled 5mo ago
T+20d
-1.60%
call -1.60% · α -6.51%
$118.96
settled 5mo ago
T+60d
+25.04%
call +25.04% · α +18.14%
$151.16
settled 3mo ago

Price Chart

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Executive Summary

Four corporate insiders at Badger Meter, including CEO Kenneth Bockhorst, collectively purchased $655K in stock within seven days of the company's bearish Q1 2026 earnings report that showed declining revenue and EPS. The open-market buying follows a 9% YoY revenue decline and 28% EPS drop, suggesting insider confidence despite near-term headwinds.

Key Financial Metrics

Direction
buying
Total Value
$655.0K
Insiders
4

Key Facts

  • CEO Kenneth Bockhorst purchased 2,200 shares for $258,573 in open-market buying on April 21, 2026.
  • Three other executives (Htwe, Tarantino, Callahan) collectively bought $396,211 in shares on the same day.
  • Total insider buying in the last 7 days: $655K, representing ~0.019% of the company's $3.5B market cap.
  • Trades occurred just five days after a bearish earnings report showing 9% YoY revenue decline and 28% EPS drop.
  • All transactions were open-market purchases (code P), indicating direct capital commitment.

Financial Impact

$655,000 in insider buying over 7 days, or 0.019% of market cap

insider sentimentinvestor confidence

Risk Factors

  • Recent earnings showed material YoY declines in revenue and profitability, indicating real operational challenges.
  • Insider buying, while positive, is not large enough to offset fundamental concerns if macro or short-cycle demand trends worsen.

Market Snapshot

Exchange
NYSE
Sector
Totalizing Fluid Meters & Counting Devices

Investment Themes

Industrials & Manufacturing

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-BMI-1776871827368
11 reports for BMI
Performance horizon
100% Hit rate 5 of 5 directional calls best @ T+60▲ +25.04%Apr 21, 2026
Filters
Rows
Reports for BMI — sortable, filterable
TypeNow
Aug 3, 2026
8w ago
Institutional Cluster
BULLISH ★ 5/10
$136.95 $135.47▼ −1.08%▼ −2.32%$129.07 (−5.75%)
Jul 27, 2026
9w ago
Press Release
BEARISH ★ 5/10
$134.58 $136.36▼ −1.32%▲ +2.06%$129.07 (+4.09%)
Jul 22, 2026
10w ago
8-K
BEARISH ★ 5/10
$126.67 $130.94▼ −3.37%▼ −0.47%$129.07 (−1.89%)
Jun 11, 2026
16w ago
8-K
NEUTRAL ★ 4/10
$130.52 $144.97▲ +11.07%▲ +9.18%$129.07 (−1.11%)
May 21, 2026
19w ago
8-K
NEUTRAL ★ 5/10
$119.84 $135.32▲ +12.91%▲ +12.58%$129.07 (+7.70%)
Apr 28, 2026
22w ago
8-K
NEUTRAL ★ 2/10
$117.47 $124.74▲ +6.19%▲ +0.14%$129.07 (+9.88%)
Apr 21, 2026
23w ago
Insider Cluster
NEUTRAL ★ 2/10
$120.89 $118.96▼ −1.60%▼ −6.51%$129.07 (+6.77%)
Apr 21, 2026
23w ago
Insider Cluster
BULLISH ★ 7/10
$120.89 $118.96▼ −1.60%▼ −6.51%$129.07 (+6.77%)
Apr 21, 2026
23w ago
Insider Cluster
MIXED ★ 6/10
$120.89 $118.96▼ −1.60%▼ −6.51%$129.07 (+6.77%)
Apr 17, 2026
24w ago
8-K
BEARISH ★ 7/10
$115.54 $117.54▼ −1.73%▲ +3.64%$129.07 (−11.71%)
Showing 10 of 11

US Market Status

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Report published Apr 22, 2026