GWRS Global Water Resources, Inc. Insider Trading

CFO Michael J Liebman purchases 7,000 shares at $6.89 avg; cluster pattern with 2 other insiders buying in past 14 days

Michael J Liebman, CFO and Corporate Secretary, executed 3 separate purchases totaling 7,000 shares for $48,260.50 at a blended average price of $6.89 on 2026-05-20, establishing an initial 7,000-share position. The cluster pattern shows 2 other insiders also bought within the past 14 days, indicating coordinated insider activity. At the current price of $7.22, the stock is -35.4% from its 52-week high of $11.17 and down -19.1% over the past 90 days. With the company posting a net loss of $-366,000.00 in the latest quarter against revenue of $13,286,000.00, investors should examine whether this multi-insider buying reflects conviction in a turnaround or represents accumulation at depressed levels during operational headwinds.

COO Krygier purchased 5,389 shares for $36,999.99 at GWRS; holding doubled to 10,485 shares as stock down 37.3% from 52-week high.

Krygier Christopher D (Chief Operating Officer) executed 3 separate purchases totaling 5,389 shares for $36,999.99 on 2026-05-20, increasing his holdings from 5,095 shares to 10,485 shares (+105.8% net change). The blended average purchase price was $6.87, occurring while the current price stands at $7.00 and the stock is -37.3% from its 52-week high of $11.17. His prior 4 trades at GWRS showed mixed timing results: two 2024 August purchases had 90d returns of +5.6%, while two 2024 May purchases had 90d returns of -8.1% and -8.2%. The cross-ticker track record shows 4 prior buys with an average 90d return of -1.3% and a 50.00% win rate, indicating inconsistent timing success across holdings. The company reports Net income of $-366,000.00 and a P/E of 100.00, alongside -20.5% 90-day price decline, providing context for the insider's accumulation decision.

Director Andrew M. Cohn bought 18,305 shares of GWRS at $7.20 on 2026-03-13; stock down 36.2% from 52-week high of $11.54

Director Cohn purchased 18,305 shares at $7.20, adding 0.7% to his 2.56M share position as the stock trades 36.2% below its 52-week high of $11.54. His prior trades at GWRS show mixed timing outcomes: 4 prior buys with 90-day returns ranging from -17.4% to +4.9%, and 1 prior sell on 2024-07-08 that proved well-timed (the stock gained 2.9% in the subsequent 90 days). In cross-ticker history, Cohn's 7 prior buys averaged -0.2% 90-day returns with a 57.14% win rate, suggesting moderate selectivity. The current valuation exhibits a 147.20 P/E ratio against $15.5M quarterly revenue and $1.7M net income, with annual growth at 5.8%. The timing of this purchase during a 19.2% 30-day decline and near a 52-week low warrants monitoring of whether this represents opportunistic accumulation or reflects conviction in the fundamentals.

Director Levine buys 728,197 shares of GWRS at $10.30; +6.4% increase to 12.13M shares held.

Jonathan L. Levine, a director, purchased 728,197 shares at $10.30 on 2025-09-30, increasing his holdings by 6.4% to 12,128,122 shares total for $7,500,429.10. This is the second open-market acquisition by Levine at GWRS: his prior buy on 2025-03-27 delivered a +3.5% 30-day return and +2.1% 90-day return, with GWRS closing that prior trade 90 days later above the purchase price. The current trade occurred when the stock was -20.4% from its 52-week high of $13.50, but +9.9% over the preceding 30 days. The timing pattern shows 1 of 1 prior buys were well-timed at the 90-day mark. Fundamentally, GWRS reported $14.2M revenue (latest quarter), $1.6M net income, and a P/E of 53.75; annual revenue growth was -0.6%. The insider's repeated acquisition and consistent historical execution at this ticker contrast with the company's modest net profitability relative to its $295.3M market cap, warranting investor attention to Levine's conviction and whether operational improvements may follow.

Director Andrew M. Cohn buys 154,026 shares of GWRS at $10.30, expanding holdings to 2,540,908 shares; stock is -20.4% from 52-week high.

Andrew M. Cohn, a director, purchased 154,026 shares at $10.30 on 2025-09-30, increasing his total holdings by 6.5% to 2,540,908 shares and deploying approximately $1.6M in capital. The purchase occurs with the stock trading -20.4% from its 52-week high of $13.50, near the lower end of its annual range. Cohn's cross-ticker track record shows 6 prior buys with an average 90-day return of +2.7% and a 66.67% win rate, while his prior trades at GWRS show mixed timing—2 of 5 prior trades were well-timed at the 90-day mark. The company's fundamentals show elevated valuation (P/E of 53.75) against modest profitability (Q revenue $14.2M, net income $1.6M) and flat-to-declining annual growth (-0.6% year-over-year), suggesting the purchase is occurring at a relative discount from recent highs rather than a period of accelerating financial momentum.

Director Jonathan L Levine bought 1,187,200 shares at $10.00 on 2025-03-27, raising stake to 11.40M shares.

Director Jonathan L Levine purchased 1,187,200 shares at $10.00 for a total value of $11,872,000.00, increasing his holdings by 11.6% to 11,398,491 shares post-transaction. The purchase occurred in a period of price weakness—the stock has declined 10.2% over 30 days and 10.4% over 90 days, trading at $10.31 currently, which is 23.6% below the 52-week high of $13.50. Global Water Resources is a small-cap water utility with a market cap of $249,770,224.96 and highly elevated valuation at a P/E of 57.28, while recent quarterly fundamentals show net income of $2,925,000.00 on revenue of $14,321,000.00 with annual revenue declining by 0.6%. The magnitude of this acquisition—representing approximately 11.6% of Levine's prior holdings in a single transaction for $11.9M—combined with the deteriorating price trend and depressed trailing revenue growth warrants examination of what this substantial open-market purchase signals about management's view of current valuation relative to business prospects.

Director Andrew M. Cohn buys 252,000 GWRS shares at $10.00, adding 11.8% to stake; current price $10.31, down 23.6% from 52-week high.

Director Andrew M. Cohn purchased 252,000 shares (252.0K shares) of GWRS at $10.00 on 2025-03-27, increasing his holdings from 2,127,899 to 2,379,899 shares (+11.8%). The transaction occurs amid near-term weakness: the stock is down 10.2% over 30 days and down 10.4% over 90 days, trading at $10.31 versus a 52-week high of $13.50 (-23.6%). Across all tickers, Cohn's prior open-market buys averaged a 90-day return of +2.8% with a 60% win rate, though his record at GWRS specifically has been mixed—2 of 5 prior trades showed positive 90-day returns. The company carries a P/E of 57.28 on trailing quarterly net income of $2,925,000.00, with annual revenue growth of -0.6%, establishing a valuation and growth backdrop that distinguishes this accumulation from a routine trade.

VP of IT Operations buys 21 shares across 3 transactions at blended avg $12.05; stock down 15.2% from 52-week high.

Steven D. Brill executed 3 separate purchases totaling 21 shares for $263.56 over a three-month span (2024-11-27 through 2025-01-31) at an average price of $12.05, bringing his post-transaction holdings to 3,487 shares. The stock is currently trading at $11.45, down 15.2% from its 52-week high of $13.50 and down 4.3% over the past 30 days. Across his prior 5 trades at GWRS, only 1 was well-timed at the 90-day mark, and his cross-ticker track record shows modest negative returns (avg 30d -0.9%, avg 90d -2.7%, with a 16.67% 90d win rate). The recent purchases occur in a window of stock weakness relative to recent trading ranges, though the company maintains solid fundamentals with $14.3M quarterly revenue, $2.9M net income, and 18.6% annual revenue growth.

GWRS VP of IT Operations purchased 7 shares at $12.57; stock now $12.35, -7.1% from 52-week high

Brill Steven D. purchased 7 shares of Global Water Resources for $87.99 on 2024-09-30, a negligible addition to holdings of 3,466 shares (+0.2% net change). The purchase occurred 19 days after an earlier buy on 2024-09-11 at the same ticker, suggesting repeated accumulation activity. However, the outsized P/E of 47.50 combined with his prior same-ticker history—where 0 of 3 measurable prior buys showed positive 90-day returns—raises questions about entry timing: his most recent same-ticker purchase on 2024-08-15 showed +12.8% over 30 days but outcomes remain incomplete. The stock currently trades at $12.35, down 2.7% in 30 days and -7.1% from its 52-week high of $13.30, suggesting the accumulation is occurring in a declining context. The minimal share count and routine nature of the trade carry low investor relevance.

VP IT Ops Brill Steven D. buys 6 GWRS shares at $12.74; adds 0.2% to 3,459 total stake

Brill Steven D., VP of IT Operations at Global Water Resources, purchased 6 shares at $12.74 on 2024-09-11, a negligible addition increasing his holdings from 3,453 to 3,459 shares (+0.2%). The transaction scale—6 shares for $76.44 total value—is immaterial to either his portfolio or the broader capital structure. His prior trades at GWRS show a pattern of adverse outcomes: 3 measurable prior buys resulted in 90-day returns of -3.2%, -6.3%, and -6.0%, with 0 of 3 well-timed at the 90-day mark. His cross-ticker track record across 4 prior open-market buys averaged -5.2% over 90 days with a 0.00% win rate. The stock's current price of $12.85 sits -3.4% from its 52-week high and has appreciated +8.9% over 30 days, but the insider's historical timing at this ticker provides no evidence of forecasting ability.