Insider Selling: Itron (NASDAQ:ITRI) SVP Sells $19,076.85 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP Christopher Ware sold 195 shares of Itron stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $97.83, for a total value of $19,076.85. Following the transaction, the senior vice president directly owned 30,116 shares in the company, valued at approximately $2,946,248.28. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a 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 Trading Up 0.1%

Itron stock opened at $98.86 on Thursday. The firm has a 50 day moving average of $91.62 and a 200 day moving average of $90.06. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 1.18 and a beta of 1.30. Itron, Inc. has a 12-month low of $77.77 and a 12-month high of $142.00. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96.

Itron (NASDAQ:ITRI) last released its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.30. Itron had a net margin of 11.90% and a return on equity of 19.26%. The company had revenue of $562.90 million for the quarter, compared to analysts’ expectations of $566.34 million. During the same quarter last year, the business earned $1.62 EPS. The firm’s revenue was down 7.2% compared to the same quarter last year. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. As a group, research analysts predict that Itron, Inc. will post 6.41 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on ITRI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a report on Wednesday, August 5th. Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Stephens reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Itron in a research note on Wednesday, May 20th. Robert W. Baird set a $125.00 target price on Itron in a research report on Wednesday, July 29th. Finally, Seaport Research Partners reiterated a “buy” rating and set a $150.00 target price on shares of Itron in a research report on Wednesday, July 29th. 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.33.

Trending Headlines about Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Analysts remain generally optimistic about ITRI: eight rate the shares Buy, four rate them Hold and one rates them Sell. The consensus price target is $131.33, with recent Buy ratings and target increases from Needham, Seaport Research Partners and Roth Capital supporting the bullish case. Itron analyst ratings
• Positive Sentiment: Institutional ownership is high at 96.19%, and several large investors—including California State Teachers’ Retirement System, Norges Bank, Jupiter Topco, Soros Fund Management and Millennium Management—have reported new or expanded positions. This could provide support for the stock.
• Neutral Sentiment: Reported short interest was listed at zero shares, but the accompanying percentage-change data was invalid. As a result, the report provides little insight into bearish positioning or potential short-covering demand.
• Negative Sentiment: Multiple executives sold shares recently, including CFO Joan S. Hooper and several senior vice presidents. Most transactions were explicitly made to cover tax-withholding obligations tied to vested equity awards, and the executives retained substantial holdings, reducing the negative signal. However, the concentration of sales may still weigh on sentiment. Itron SEC insider-sale filing
• Negative Sentiment: Itron’s latest quarterly results were mixed: EPS of $1.59 exceeded the $1.29 consensus estimate, but revenue declined 7.2% year over year to $562.9 million and fell slightly short of expectations. The company maintained 2026 guidance of $6.30–$6.50 in EPS, but the softer revenue trend remains a fundamental risk.

Hedge Funds Weigh In On Itron

A number of hedge funds and other institutional investors have recently modified their holdings of ITRI. California State Teachers Retirement System grew its stake in Itron by 7,889.6% during the second quarter. California State Teachers Retirement System now owns 4,397,628 shares of the scientific and technical instruments company’s stock valued at $380,527,000 after acquiring an additional 4,342,586 shares in the last quarter. Norges Bank purchased a new stake in Itron in the 4th quarter worth $63,990,000. Jupiter Topco LLC bought a new position in shares of Itron during the 2nd quarter valued at about $42,466,000. Soros Fund Management LLC bought a new position in shares of Itron during the 4th quarter valued at about $34,843,000. Finally, Millennium Management LLC grew its position in shares of Itron by 269.3% during the fourth quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company’s stock valued at $47,068,000 after purchasing an additional 369,617 shares in the last quarter. Institutional investors own 96.19% of the company’s stock.

Itron Company Profile

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.