Itron (NASDAQ:ITRI) SVP Christopher Ware Sells 195 Shares

Key Points

• Itron SVP Christopher Ware sold 195 shares on May 26 at an average price of $84.37, totaling about $16,452. The filing said the sale was to cover tax withholding obligations tied to vested equity awards.
• The stock rose 1.0% to $85.30 on Wednesday, with a market cap of $3.78 billion. Itron has traded between $77.77 and $142.00 over the past year.
• Itron recently beat quarterly earnings expectations, reporting EPS of $1.49 versus $1.26 expected and revenue of $586.98 million versus $572.04 million expected. The company also guided Q2 2026 EPS to a range of $1.25 to $1.35.

Itron, Inc. (NASDAQ:ITRI - Get Free Report) SVP Christopher Ware sold 195 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $16,452.15. Following the transaction, the senior vice president directly owned 30,311 shares in the company, valued at approximately $2,557,339.07. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Up 1.0%

NASDAQ ITRI traded up $0.86 on Wednesday, hitting $85.30. 521,981 shares of the company were exchanged, compared to its average volume of 930,161. The company has a market cap 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 has a fifty day moving average of $88.19 and a 200-day moving average of $94.11. 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 - Get Free Report) last issued its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.23. The business had revenue of $586.98 million for the quarter, compared to analyst estimates of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. Itron'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 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, analysts forecast that Itron, Inc. will post 6.01 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Private Trust Co. NA lifted its stake in shares of Itron by 112.4% in the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company's stock valued at $25,000 after buying an additional 145 shares in the last quarter. Employees Retirement System of Texas bought a new position in shares of Itron in the third quarter valued at $32,000. Optiver Holding B.V. bought a new position in shares of Itron in the third quarter valued at $36,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Itron by 29.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company's stock valued at $41,000 after buying an additional 101 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Itron in the third quarter valued at $44,000. 96.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ITRI has been the topic of several research analyst reports. Raymond James Financial initiated coverage on shares of Itron in a research note on Tuesday, April 21st. They set an "underperform" rating on the stock. Roth Mkm reissued a "buy" rating and set a $136.00 target price on shares of Itron in a research note on Wednesday, April 29th. Needham & Company LLC initiated coverage on shares of Itron in a research note on Friday, March 6th. They set a "buy" rating and a $124.00 target price on the stock. Robert W. Baird set a $128.00 target price on shares of Itron and gave the stock an "outperform" rating in a research note on Wednesday, February 18th. Finally, Guggenheim set a $155.00 price objective on shares of Itron in a research note on Friday, February 13th. Eight equities 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $131.22.

Key Itron News

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.

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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