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No insider purchase over the last 90 days. The latest was filed 28 May 2026.
Cadiz Inc: what insiders have been doing
This page follows insider dealings at Cadiz Inc as filed with SEC (Form 4), a company from the Energy sector. Over the twelve months to 18 October 2026, 17 filings were filed, from 7 insiders.
The record shows 1 purchase on the open market worth €436k, made by 1 insider, against 1 sale worth €9,312 by 1 insider. On balance, insiders were net buyers of €427k. Unlike grants, an open-market purchase is paid for by the insider, at the market price. The buyers include 1 senior executive. Biggest ticket of the year: €436k, bought by O'Hara David Mark and made public on 28 May 2026.
The last insider purchase was made public on 28 May 2026, 143 days ago. The median gap between a trade and its publication by SEC (Form 4) is 2 days. The legal deadline for a Form 4 is two business days after the transaction.
Compared with its exchange (5,813 companies, median 19 filings), a count of 17 filings is below the norm. Our records for Cadiz Inc go back to 2016, with 28 purchases and 2 sales on the open market in total. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 16.3 m USD and net income at -34.2 m USD.
Elsewhere in the same sector, our signals recently picked up insider purchases at RGC Resources Inc and Empire Petroleum Corp. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
Insider Decl.
130
Thresholds
n/a
Buy Volume
€30M
28 ops. · all time
Sell Volume
€1M
2 ops. · all time
Who traded when
BuySaleCathryn Rivera1 sale
David Mark O'Hara1 buy
Heerema International Group Services SA1 buy
Since the insiders bought
- -19.1%Entry US$4.88 · Close at T+90 US$3.95
- +147.5%Entry US$2.02 · Close at T+365 US$5.00
- +74.3%Entry US$2.41 · Close at T+365 US$4.20
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 22,084 of 24,148 companies
20.6
score / 100
Value17
Quality24
FCF yld-8.1%
Earn yld-10%
EV/EBITDA·
ROE-183%
Gross mgn32%
Net mgn·
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$3.87
Analyst consensus
3 analystsUS$6.00Target US$10.33(+167%)US$15.00
Income statement
RevenueUS$16.3M
Gross profitUS$5.2M32% margin
EBITDA-US$23.4M-144% margin
Net income-US$34.2M-209.3% margin
Valuation
PER (forward)-7.3x
P/Book70.4x
Beta1.73
Balance sheet & cash
Market capUS$327.7M
Total debtUS$104.2M
Free Cash Flow-US$26.5M
Debt / Equity2572%
Profitability & ownership
ROE-183.1%
ROA-12.9%
% insiders34.1%
% institutions48.6%
Last declaration on 5 October 2026
Declarations130 total
1,238 shares@ US$3.7850.0014% mcap6.7% of flowCommon STockSEC:0001617455-26-000004:0
4,954 shares@ US$3.7850.0057% mcap3.4% of flowCommon STockSEC:0002125738-26-000005:0
4,954 shares@ US$3.7850.0057% mcap3.0% of flowCommon STockSEC:0001751484-26-000004:0
800,000 shares0Common StockSEC:0001937040-26-000003:0
2,500 shares@ US$4.33100.0% of flowCommon StockSEC:0002040286-26-000002:0
110,865 shares@ US$4.5893.1% of flowCommon StockSEC:0002125738-26-000003:0
Canonical exit: 24 Aug 2026 (T+90)
10,000 shares0Common StockSEC:0002040286-26-000001:0
25,075 shares0Common StockSEC:0001191897-26-000001:0
13,425 shares0Common StockSEC:0001191897-26-000001:1
125,000 shares0Common StockSEC:0001854939-26-000001:0
50,000 shares0Common StockSEC:0001854939-26-000001:1
3,709 shares@ US$5.0553.0% of flowCommon StockSEC:0001751484-26-000002:0
3,267 shares@ US$5.743.5% of flowCommon StockSEC:0002125738-26-000002:0
3,709 shares@ US$5.0553.5% of flowCommon StockSEC:0002125738-26-000002:1
927 shares@ US$5.0557.0% of flowCommon StockSEC:0001617455-26-000002:0
3,267 shares@ US$5.743.0% of flowCommon StockSEC:0001751484-26-000001:0
817 shares@ US$5.746.9% of flowCommon StockSEC:0001617455-26-000001:0
141,600 shares0Common StockSEC:0001191897-25-000003:0
4,223 shares@ US$4.443.0% of flowCommon StockSEC:0001751484-25-000002:0
1,056 shares@ US$4.446.9% of flowCommon StockSEC:0001617455-25-000002:0
8,212 shares@ US$3.04434.0% of flowCommon StockSEC:0001854939-25-000005:0
8,212 shares@ US$3.044336.6% of flowCommon StockSEC:0001854939-25-000006:0
8,212 shares@ US$3.04437.1% of flowCommon StockSEC:0000923876-25-000007:0
8,212 shares@ US$3.044317.9% of flowCommon StockSEC:0000923876-25-000004:0
8,212 shares@ US$3.044331.5% of flowCommon StockSEC:0000923876-25-000009:0
25 of 130 declarations
About Cadiz Inc
Cadiz Inc. is a United States company listed on NASDAQ under the ticker CDZIP. It operates in water resources, land management, and water infrastructure, with a strategic focus on the U.S. Southwest, especially California’s Mojave Desert. Founded in 1983 and headquartered in Los Angeles, California, Cadiz has built its business around a distinctive asset base: large land holdings, water rights, and pipeline corridors in an arid region where long-term water supply remains a structural challenge. The company’s profile is therefore that of a water-infrastructure developer and natural-resources owner, rather than a conventional utility. ([cadizinc.com](https://cadizinc.com/about/?utm_source=openai))
Cadiz’s core investment thesis centers on the Mojave Groundwater Bank, its flagship project for groundwater storage, conveyance, and delivery. The company describes this initiative as a large-scale public-private water solution designed to provide clean, reliable, and affordable supply to communities in Southern California and across the Southwestern United States. In practical terms, Cadiz aims to monetize water storage rights, land assets, and existing or planned pipeline infrastructure to build an integrated platform for water banking and distribution. The business also includes adjacent activities such as sustainable agriculture, land conservation, and, more recently, select clean-energy development concepts on company land, though these remain secondary to the water platform. ([cadizinc.com](https://cadizinc.com/mojave-groundwater-bank/?utm_source=openai))
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From a competitive standpoint, Cadiz occupies a niche position. It does not compete as a traditional municipal utility; instead, it targets alternative water supply solutions, infrastructure partnerships, and public-private projects aimed at improving regional water resilience. Its potential advantage comes from the combination of scarce water-related assets, land control, pipeline rights-of-way, and partnerships with public agencies and Native American Tribes. Cadiz highlights that its project structure is intended to be majority-owned by Native American Tribes and financed through a dedicated project vehicle, which could strengthen political support and execution credibility if delivered on schedule. ([cadizinc.com](https://cadizinc.com/facts/?utm_source=openai))
Recent developments have been important. In 2025, Cadiz announced that it selected Stantec as owner’s engineer for the Mojave Groundwater Bank project. The company also signed a letter of agreement with a lead investor for up to $175 million of investment tied to the project’s financing and development. In June 2025, Cadiz said it was moving forward with what it described as the nation’s largest tribal-led water project, underscoring the scale and strategic positioning of the initiative. For investors, Cadiz is a high-optionalty story with meaningful execution, permitting, and financing risk, but one that is directly exposed to a long-duration theme: water scarcity in the United States. ([cadizinc.com](https://cadizinc.com/cadiz-selects-stantec-to-serve-as-owners-engineer-for-the-mojave-groundwater-bank-project/?utm_source=openai))
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