Insider Selling: Itron (NASDAQ:ITRI) SVP Sells 319 Shares of Stock

Key Points

• Itron SVP Donald Reeves III sold 319 shares on May 26 at an average price of $84.37, totaling about $26,914. The company said the sale was to cover tax withholding tied to vested equity awards.
• Itron recently beat quarterly earnings estimates, reporting $1.49 EPS versus the $1.26 consensus and revenue of $586.98 million versus expectations of $572.04 million. However, revenue was still down 3.3% year over year.
• Insider selling has been repeated over the past six months, with several executives selling small amounts and no reported open-market insider purchases. Analysts currently rate the stock a “Moderate Buy,” with an average target price of $131.22.

Itron, Inc. (NASDAQ:ITRI - Get Free Report) SVP Donald Reeves III sold 319 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $26,914.03. Following the completion of the sale, the senior vice president directly owned 29,100 shares of the company's stock, valued at $2,455,167. This represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Performance

ITRI stock traded up $0.86 on Wednesday, reaching $85.30. 521,981 shares of the company were exchanged, compared to its average volume of 930,161. The firm has a market capitalization of $3.78 billion, a PE ratio of 13.60, a PEG ratio of 0.73 and a beta of 1.35. Itron, Inc. has a 12 month low of $77.77 and a 12 month high of $142.00. The stock's fifty day moving average price is $88.19 and its 200 day moving average price is $94.11. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA lifted its stake in Itron by 112.4% during the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company's stock worth $25,000 after purchasing an additional 145 shares during the period. Employees Retirement System of Texas acquired a new stake in shares of Itron in the 3rd quarter valued at $32,000. Optiver Holding B.V. acquired a new stake in shares of Itron in the 3rd quarter valued at $36,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Itron by 29.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company's stock valued at $41,000 after purchasing an additional 101 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Itron in the 3rd quarter valued at $44,000. Institutional investors own 96.19% of the company's stock.

Key Stories Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron announced a new Locusview Connector for SAP S/4HANA, expanding its digital construction management platform and potentially strengthening its utility resiliency offering. Itron Releases Locusview Connector for SAP S/4HANA to Enhance Utility Resiliency
• Positive Sentiment: Itron expanded its collaboration with Hunter Water in Australia, where the utility will deploy 2,000 Itron digital water meters and use Temetra software to improve leak detection, water conservation, and network efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several Itron executives, including the CFO and multiple senior vice presidents, sold small amounts of stock this week. The company said the sales were made to cover tax withholding obligations tied to vested equity awards, which makes the transactions less concerning than open-market selling for investment reasons.
• Neutral Sentiment: The insider activity is still worth watching because Itron insiders have sold shares repeatedly over the past six months, with no reported open-market purchases in that period.
• Negative Sentiment: Despite the positive contract news, the cluster of insider sales may weigh on sentiment and reinforce caution after the stock’s weaker recent trend.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ITRI shares. TD Cowen reduced their target price on shares of Itron from $145.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, April 29th. Stephens reiterated an "overweight" rating and issued a $130.00 target price on shares of Itron in a research note on Wednesday, May 20th. JPMorgan Chase & Co. reduced their target price on shares of Itron from $133.00 to $113.00 and set an "overweight" rating for the company in a research note on Thursday, April 16th. Roth Mkm reiterated a "buy" rating and issued a $136.00 target price on shares of Itron in a research note on Wednesday, April 29th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Itron in a research note on Friday, May 8th. Eight research 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $131.22.

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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