Castellum COO Andrew Merriman buys $747 in company stock
Castellum, Inc. COO Andrew Merriman recently acquired 1,396 shares of the company's stock totaling approximately $747 on October 1, 2026. The purchase was made under the Castellum, Inc. 2025 Employee Stock Purchase Plan, with each share bought at $0.5352, a 15% discount to the closing price on September 30, 2026. Merriman now owns a total of 589,927 shares of Castellum common stock.
Despite Castellum's shares falling 36% year-to-date, InvestingPro analysis indicates the stock is undervalued based on its Fair Value estimate. The company maintains a "GOOD" financial health score of 2.77, with liquid assets exceeding short-term obligations. Castellum reported mixed second-quarter results, with a loss of 1 cent per share on $13.9 million in revenue, but a 10% increase in first-half revenue to $28.2 million.
Management stated that 2026 will be an investment year, focusing on business development, investor relations, and acquisitions.
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