Insider Selling: Itron (NASDAQ:ITRI) SVP Sells $16,452.15 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP Christopher Ware sold 195 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $16,452.15. Following the completion of the sale, the senior vice president owned 30,311 shares in the company, valued at $2,557,339.07. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Performance

NASDAQ ITRI opened at $82.48 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.73 and a beta of 1.35. The company’s fifty day moving average is $87.71 and its two-hundred day moving average is $93.73. Itron, Inc. has a 52-week low of $77.77 and a 52-week high of $142.00.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.23. The company had revenue of $586.98 million for the quarter, compared to analyst estimates of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the business posted $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Equities research analysts forecast that Itron, Inc. will post 6.01 EPS for the current year.

Wall Street Analyst Weigh In

ITRI has been the topic of several research analyst reports. Oppenheimer raised their price target on shares of Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Needham & Company LLC initiated coverage on shares of Itron in a research report on Friday, March 6th. They issued a “buy” rating and a $124.00 price target on the stock. Guggenheim set a $155.00 target price on shares of Itron in a research report on Friday, February 13th. Robert W. Baird set a $128.00 target price on shares of Itron and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.22.

Institutional Trading of Itron

Institutional investors have recently made changes to their positions in the business. Employees Retirement System of Texas acquired a new stake in shares of Itron during the 3rd quarter valued at about $32,000. Private Trust Co. NA boosted its position in shares of Itron by 112.4% during the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 145 shares in the last quarter. Optiver Holding B.V. acquired a new position in Itron in the third quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. boosted its position in Itron by 343.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock valued at $46,000 after buying an additional 268 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Itron in the third quarter valued at about $44,000. 96.19% of the stock is currently owned by institutional investors and hedge funds.

About Itron

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.