Insider Cluster (13 insiders) ·Filed Apr 21, 2026

BMI

BADGER METER INC
NEUTRAL
Impact 2/10
Horizondays Processed5mo ago
Insider cluster: 5 insiders, $0.8M total
Actionable Insight • Neutral

Insider buying is trivial in size and does not offset the weak quarterly results. No immediate action warranted; monitor next quarter for fundamental recovery signs.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d ⚠ clustered
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

Five Badger Meter insiders, including CEO Kenneth Bockhorst, made open-market purchases totaling $777K over six days, representing just 0.022% of market cap. Eight directors received routine non-cash equity grants. The buying follows a weak Q1 earnings report (revenue -9% YoY, EPS -28% YoY) but the dollar amount is too small to convey a meaningful signal.

Key Financial Metrics

Direction
buying
Total Value
$777.0K
Insiders
13

Key Facts

  • CEO Bockhorst bought $259K worth of shares on April 21
  • Four other executives bought $518K combined on April 21-23
  • Eight directors each received 952 shares in non-cash grants (total $936K at $122.96, zero economic value)
  • Total open-market purchase value of $777K is only 0.022% of BMI's $3.5B market cap
  • Cluster occurred 12 days after a bearish Q1 earnings miss

Financial Impact

$777K in insider purchases, negligible relative to $3.5B market cap

Risk Factors

  • Insider buying may be misinterpreted as bullish by retail traders despite negligible size
  • Continued weak short-cycle orders could pressure shares further

Market Snapshot

Exchange
NYSE
Sector
Totalizing Fluid Meters & Counting Devices
Analyst Consensus
59% bullish (17 analysts)

Investment Themes

Industrials & Manufacturing

Documents Analyzed

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

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-BMI-1777489247292
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%$127.77 (−6.70%)
Jul 27, 2026
9w ago
Press Release
BEARISH ★ 5/10
$134.58 $136.36▼ −1.32%▲ +2.06%$127.77 (+5.06%)
Jul 22, 2026
10w ago
8-K
BEARISH ★ 5/10
$126.67 $130.94▼ −3.37%▼ −0.47%$127.77 (−0.87%)
Jun 11, 2026
16w ago
8-K
NEUTRAL ★ 4/10
$130.52 $144.97▲ +11.07%▲ +9.18%$127.77 (−2.11%)
May 21, 2026
19w ago
8-K
NEUTRAL ★ 5/10
$119.84 $135.32▲ +12.91%▲ +12.58%$127.77 (+6.62%)
Apr 28, 2026
22w ago
8-K
NEUTRAL ★ 2/10
$117.47 $124.74▲ +6.19%▲ +0.14%$127.77 (+8.77%)
Apr 21, 2026
23w ago
Insider Cluster
NEUTRAL ★ 2/10
$120.89 $118.96▼ −1.60%▼ −6.51%$127.77 (+5.69%)
Apr 21, 2026
23w ago
Insider Cluster
BULLISH ★ 7/10
$120.89 $118.96▼ −1.60%▼ −6.51%$127.77 (+5.69%)
Apr 21, 2026
23w ago
Insider Cluster
MIXED ★ 6/10
$120.89 $118.96▼ −1.60%▼ −6.51%$127.77 (+5.69%)
Apr 17, 2026
24w ago
8-K
BEARISH ★ 7/10
$115.54 $117.54▼ −1.73%▲ +3.64%$127.77 (−10.59%)
Showing 10 of 11

US Market Status

Market Closed — Opens Mon (65h 1m)

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Report published Apr 29, 2026