Insider Selling: Itron (NASDAQ:ITRI) SVP Sells $16,397.60 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 206 shares of Itron stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $79.60, for a total value of $16,397.60. Following the transaction, the senior vice president directly owned 32,925 shares of the company’s stock, valued at $2,620,830. This trade represents a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Price Performance

Shares of NASDAQ ITRI opened at $83.02 on Friday. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 0.73 and a beta of 1.35. Itron, Inc. has a 52 week low of $77.77 and a 52 week high of $142.00. The company’s 50-day moving average price is $88.45 and its 200 day moving average price is $94.52. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97.

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

Analyst Ratings Changes

A number of brokerages recently commented on ITRI. Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Needham & Company LLC began coverage on shares of Itron in a research note on Friday, March 6th. They issued a “buy” rating and a $124.00 price objective on the stock. Raymond James Financial began coverage on shares of Itron in a research note on Tuesday, April 21st. They issued an “underperform” rating on the stock. TD Cowen lowered their price objective on shares of Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Stephens reissued an “overweight” rating and issued a $130.00 price objective on shares of Itron in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $131.22.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ITRI. Private Trust Co. NA lifted its holdings 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 worth $25,000 after acquiring an additional 145 shares during the period. Employees Retirement System of Texas purchased a new position in shares of Itron during the 3rd quarter worth about $32,000. Optiver Holding B.V. purchased a new position in shares of Itron during the 3rd quarter worth about $36,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Itron by 29.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 101 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Itron during the 3rd quarter worth about $44,000. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Itron News Roundup

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Stephens reiterated an Overweight rating on Itron and kept a $130 price target, signaling substantial upside versus recent trading levels.
• Neutral Sentiment: Several Itron executives sold small amounts of stock, but the filings say the shares were sold mainly to cover tax withholding tied to equity award vesting, which makes the insider activity look routine rather than a major red flag.
• Negative Sentiment: Zacks Research cut multiple future earnings estimates for Itron, including a sharp reduction to Q4 2027 EPS and a lower FY2027 outlook, suggesting softer profit growth ahead.

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.