Justin Patrick Sells 222 Shares of Itron (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 222 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $98.79, for a total value of $21,931.38. Following the sale, the senior vice president owned 32,275 shares in the company, valued at approximately $3,188,447.25. The trade was a 0.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Up 0.1%

Shares of NASDAQ ITRI opened at $98.86 on Thursday. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 1.18 and a beta of 1.30. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. The stock’s 50-day simple moving average is $91.62 and its 200-day simple moving average is $90.06.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, beating 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 firm had revenue of $562.90 million for the quarter, compared to the consensus estimate of $566.34 million. During the same period in the prior year, the firm posted $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, equities analysts anticipate that Itron, Inc. will post 6.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ITRI has been the subject of a number of research reports. TD Cowen decreased their target price on Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Stephens reissued an “overweight” rating and set a $130.00 target price on shares of Itron in a research note on Wednesday, May 20th. Roth Capital reaffirmed a “buy” rating and set a $136.00 target price on shares of Itron in a report on Wednesday, April 29th. Needham & Company LLC lifted their target price on Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

Institutional Trading of Itron

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Itron in the second quarter valued at $299,000. California State Teachers Retirement System boosted its stake in shares of Itron by 7,889.6% in the 2nd 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 purchasing an additional 4,342,586 shares during the last quarter. Readystate Asset Management LP acquired a new stake in Itron during the 2nd quarter worth $1,809,000. AlphaGrep UK Ltd bought a new stake in Itron in the second quarter valued at about $232,000. Finally, Raiffeisen Bank International AG raised its position in shares of Itron by 5.9% in the 2nd quarter. Raiffeisen Bank International AG now owns 250,000 shares of the scientific and technical instruments company’s stock valued at $20,930,000 after acquiring an additional 14,000 shares during the period. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Key Itron News

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.

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.