Itron (NASDAQ:ITRI) CFO Sells 4,406 Shares

Key Points

• Itron CFO Joan Hooper sold 4,406 shares at an average price of $98.86, generating $435,577 in proceeds. The sale covered tax-withholding obligations from vested equity awards, and she retained 117,113 shares.
• Itron’s latest quarter beat earnings expectations, reporting $1.59 EPS versus the $1.29 consensus, though revenue fell 7.2% year over year to $562.9 million. The company guided for third-quarter 2026 EPS of $1.50–$1.60.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $131.33 price target versus the stock’s recent price near $98.98. Institutional investors own 96.19% of Itron’s shares.

Itron, Inc. (NASDAQ:ITRI - Get Free Report) CFO Joan Hooper sold 4,406 shares of the business's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $98.86, for a total transaction of $435,577.16. Following the completion of the transaction, the chief financial officer directly owned 117,113 shares in the company, valued at $11,577,791.18. This trade represents a 3.63% 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 Price Performance

Shares of Itron stock traded down $1.05 during trading hours on Monday, reaching $98.98. The company's stock had a trading volume of 132,463 shares, compared to its average volume of 880,087. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. The firm has a 50 day moving average price of $90.52 and a 200-day moving average price of $90.11. The stock has a market cap of $4.33 billion, a P/E ratio of 16.52, a P/E/G ratio of 1.20 and a beta of 1.30.

Itron (NASDAQ:ITRI - Get Free Report) last announced its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%.The business had revenue of $562.90 million during the quarter, compared to analyst estimates of $566.34 million. During the same quarter in the previous year, the business earned $1.62 earnings per share. The company's revenue for the quarter 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. On average, analysts predict that Itron, Inc. will post 6.4 EPS for the current year.

Hedge Funds Weigh In On Itron

Institutional investors and hedge funds have recently modified their holdings of the company. Employees Retirement System of Texas purchased a new stake in shares of Itron during the 3rd quarter worth approximately $32,000. PenderFund Capital Management Ltd. acquired a new position in shares of Itron in the 2nd quarter valued at $35,000. Quantbot Technologies LP acquired a new stake in Itron during the 2nd quarter worth $36,000. Northwestern Mutual Wealth Management Co. grew its position in 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 purchasing an additional 101 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Itron in the second quarter valued at $48,000. Institutional investors and hedge funds own 96.19% of the company's stock.

Itron News Roundup

Here are the key news stories impacting Itron this week:

• Neutral Sentiment: Six Itron executives collectively sold 1,213 shares worth approximately $118,668 at an average price of $97.83 on August 20. Each filing stated that the shares were sold to cover tax-withholding obligations tied to the vesting of equity awards, rather than to reflect a stated lack of confidence in the company. SEC filing SEC filing SEC filing
• Neutral Sentiment: The largest sale was 286 shares by SVP Donald L. Reeves III, while other sales included 275 shares by John F. Marcolini, 212 by Justin K. Patrick, 195 by Christopher E. Ware, 187 by Laurie Ann Pulatie-Hahn, and 58 by Chief Accounting Officer David Marshall Wright. All executives retained substantial positions after the transactions, suggesting limited direct impact on ITRI’s underlying outlook.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Needham & Company LLC boosted 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 reissued 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 research note on Wednesday, July 29th. Seaport Research Partners reiterated a "buy" rating and issued a $150.00 price objective on shares of Itron in a report on Wednesday, July 29th. Finally, Roth Capital restated a "buy" rating and issued a $136.00 price objective on shares of Itron in a report on Wednesday, April 29th. Eight equities research 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's stock. Based on data from MarketBeat, Itron has a consensus rating of "Moderate Buy" and a consensus target price 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.

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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