Edward F. Callahan, VP-Engineering at BADGER METER INC (BMI), bought 858 shares at $116.30 ($100K) on 2026-04-21, disclosed to the SEC on 2026-04-22.
VP of Engineering Edward F. Callahan purchased 858 shares for $99,785, marking the largest purchase of his career. This move comes as the stock has crashed over 40% from its highs, potentially signaling a contrarian bet on the water metering specialist.
The stock is currently trading at $123.56, down 40.75% over the past year and sitting 51.75% below its 52-week high of $256.08.
Catalysts include the company facing legal probes following a Q1 miss announced on May 12, a reassessment of valuation risk highlighted in a May 5 article, and the VP's largest-ever purchase of 858 shares.
The stock faces significant legal risk following investigations announced on May 12 regarding potential securities law violations connected to a Q1 sales miss. Additionally, the stock is heavily shorted with 18.55% of the float held in short positions.
Clearly above the average filing.