Insider Selling: Itron (NASDAQ:ITRI) CFO Sells 455 Shares

Key Points

• Itron CFO Joan Hooper sold 455 shares at an average price of $98.79, worth approximately $44,949. The sale covered tax-withholding obligations tied to vested equity awards, and she retained 118,440 shares.
• Itron’s latest quarterly earnings beat expectations, with EPS of $1.59 versus the $1.29 consensus estimate, although revenue fell 7.2% year over year to $562.9 million.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $131.33 compared with recent trading near $98.73; institutional investors own 96.19% of the stock.

Itron, Inc. (NASDAQ:ITRI - Get Free Report) CFO Joan Hooper sold 455 shares of Itron stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $44,949.45. Following the completion of the sale, the chief financial officer directly owned 118,440 shares of the company's stock, valued at approximately $11,700,687.60. The trade was a 0.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Performance

Shares of NASDAQ:ITRI traded up $0.04 during midday trading on Tuesday, reaching $98.73. 594,864 shares of the company's stock traded hands, compared to its average volume of 879,926. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.20 and a beta of 1.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. The stock has a 50 day moving average of $90.88 and a 200 day moving average of $90.09.

Itron (NASDAQ:ITRI - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.29 by $0.30. The company had revenue of $562.90 million during the quarter, compared to the consensus estimate of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.Itron's revenue for the quarter was down 7.2% on a year-over-year basis. During the same period last year, the company earned $1.62 EPS. 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 research analysts anticipate that Itron, Inc. will post 6.4 EPS for the current fiscal year.

Institutional Trading of Itron

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Itron by 343.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company's stock worth $46,000 after acquiring an additional 268 shares during the last quarter. M&T Bank Corp raised its holdings in Itron by 10.0% in the 2nd quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company's stock worth $282,000 after purchasing an additional 194 shares during the period. EverSource Wealth Advisors LLC lifted its position in Itron by 25.3% during the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company's stock valued at $53,000 after purchasing an additional 81 shares in the last quarter. Jump Financial LLC purchased a new position in Itron during the second quarter valued at $1,609,000. Finally, Cerity Partners LLC grew its holdings in Itron by 10.2% during the second quarter. Cerity Partners LLC now owns 5,431 shares of the scientific and technical instruments company's stock valued at $715,000 after purchasing an additional 503 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Wall Street remains broadly optimistic. Itron has a “Moderate Buy” consensus rating from eight Buy, four Hold and one Sell recommendation, with an average price target of $131.33—well above recent trading levels. Needham raised its target to $128, while Seaport Research Partners set a $150 target. Itron analyst ratings
• Positive Sentiment: Itron’s latest quarterly results exceeded expectations on earnings, reporting $1.59 per share versus the $1.29 consensus estimate. Management also guided for third-quarter 2026 EPS of $1.50–$1.60 and full-year EPS of $6.30–$6.50. Itron earnings and guidance
• Neutral Sentiment: Institutional ownership is high at 96.19%, and several large funds recently increased or initiated positions. That suggests continued institutional interest, although ownership changes do not necessarily indicate near-term buying pressure. Itron institutional ownership
• Negative Sentiment: CFO Joan S. Hooper sold 4,406 shares worth approximately $435,577, while several senior vice presidents and the chief accounting officer collectively sold 1,213 additional shares. The concentration of sales can weigh on sentiment, even though the executives retained substantial positions and identified tax withholding—not an open-market bearish bet—as the reason for the transactions. SEC insider transaction filing
• Negative Sentiment: Revenue in the latest quarter declined 7.2% year over year to $562.9 million, slightly below analyst expectations. This contraction may temper enthusiasm despite the earnings beat and current-year guidance. Itron quarterly results

Analysts Set New Price Targets

ITRI has been the topic of several research reports. Robert W. Baird set a $125.00 target price on shares of Itron in a report on Wednesday, July 29th. Needham & Company LLC increased their price target on Itron from $116.00 to $128.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Weiss Ratings restated a "hold (c)" rating on shares of Itron in a research note on Wednesday, August 5th. Zacks Research raised Itron from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 29th. Finally, Roth Capital reiterated a "buy" rating and set a $136.00 price objective on shares of Itron in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.33.

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.

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