Itron (NASDAQ:ITRI) SVP Donald Reeves III Sells 283 Shares

Key Points

• Itron SVP Donald Reeves III sold 283 shares at an average price of $99.99, generating approximately $28,297 under a pre-arranged Rule 10b5-1 trading plan. He retained 27,662 shares after the sale.
• Itron’s latest quarterly results beat EPS expectations, reporting $1.59 versus the $1.29 consensus, but revenue declined 7.2% year over year to $562.9 million and slightly missed estimates. The company maintained full-year 2026 EPS guidance of $6.30–$6.50.
• Analysts remain generally positive, with a “Moderate Buy” consensus and an average price target of $131.33 versus a recent share price near $98.87. Institutional investors own 96.19% of the stock, although recent insider sales may weigh on sentiment.

Itron, Inc. (NASDAQ:ITRI - Get Free Report) SVP Donald Reeves III sold 283 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $99.99, for a total transaction of $28,297.17. Following the completion of the sale, the senior vice president directly owned 27,662 shares in the company, valued at $2,765,923.38. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Itron Trading Up 0.1%

Shares of ITRI stock traded up $0.14 during trading hours on Wednesday, hitting $98.87. The company had a trading volume of 116,347 shares, compared to its average volume of 875,185. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. The stock has a market capitalization of $4.33 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. The company's fifty day moving average is $91.23 and its 200 day moving average is $90.07. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00.

Itron (NASDAQ:ITRI - Get Free Report) last posted its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $566.34 million. During the same quarter last year, the firm earned $1.62 EPS. The firm's revenue for the quarter was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Research analysts expect that Itron, Inc. will post 6.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Itron

A number of large investors have recently modified their holdings of the business. California State Teachers Retirement System lifted its stake in shares of Itron by 7,889.6% in 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 purchasing an additional 4,342,586 shares during the period. Norges Bank purchased a new position in shares of Itron during the 4th quarter worth approximately $63,990,000. Jupiter Topco LLC acquired a new stake in Itron during the 2nd quarter valued at $42,466,000. Soros Fund Management LLC acquired a new stake in Itron during the 4th quarter valued at $34,843,000. Finally, Millennium Management LLC increased its position in 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 worth $47,068,000 after buying an additional 369,617 shares in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ITRI has been the subject of several research reports. Roth Capital reaffirmed a "buy" rating and issued a $136.00 target price on shares of Itron in a research report on Wednesday, April 29th. Robert W. Baird set a $125.00 price target on Itron in a research note on Wednesday, July 29th. Stephens restated an "overweight" rating and issued a $130.00 target price on shares of Itron in a report on Wednesday, May 20th. TD Cowen dropped their price target on Itron from $145.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, April 29th. Finally, Seaport Research Partners restated 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 given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Itron presently has a consensus rating of "Moderate Buy" and an average target price of $131.33.

Key Headlines Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Wall Street remains constructive on Itron, with eight Buy ratings, four Holds and one Sell. The consensus price target of $131.33 implies meaningful upside from recent levels. Needham raised its target to $128, while Seaport Research Partners maintained a Buy rating and $150 target. Itron analyst ratings
• Positive Sentiment: Institutional ownership is high at 96.19%. California State Teachers’ Retirement System significantly expanded its position, and Norges Bank, Jupiter Topco, Soros Fund Management and Millennium Management also reported notable holdings or purchases. This institutional support may help underpin ITRI. Itron institutional ownership
• Neutral Sentiment: Reported short interest was listed at zero shares with a zero-day short-interest ratio. However, the reported percentage change is invalid, so the data provides little insight into bearish positioning or short-covering potential.
• Negative Sentiment: CFO Joan S. Hooper sold 4,406 shares for approximately $435,577 on August 20 and another 455 shares on August 24. Several senior vice presidents and the chief accounting officer also sold smaller amounts, including Laurie Ann Pulatie-Hahn’s 178-share sale reported most recently. Because the sales were for tax withholding and executives retained substantial holdings, the transactions are less concerning than open-market selling, though the cluster could pressure sentiment. Latest Itron insider sale
• Negative Sentiment: Itron’s latest quarterly results showed strong EPS of $1.59 versus the $1.29 consensus, but revenue fell 7.2% year over year to $562.9 million and slightly missed estimates. The company maintained 2026 EPS guidance of $6.30–$6.50, leaving revenue growth as an ongoing investor concern.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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