Joan Hooper Sells 442 Shares of Itron (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) CFO Joan Hooper sold 442 shares of Itron stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $37,291.54. Following the transaction, the chief financial officer owned 117,478 shares of the company’s stock, valued at $9,911,618.86. This represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Performance

Shares of NASDAQ ITRI opened at $83.59 on Friday. 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, Inc. has a 12 month low of $77.77 and a 12 month high of $142.00. The stock has a 50 day moving average of $87.89 and a 200-day moving average of $93.81. The company has a market capitalization of $3.71 billion, a P/E ratio of 13.33, a P/E/G ratio of 0.75 and a beta of 1.35.

Itron (NASDAQ:ITRI) last issued its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.26 by $0.23. Itron had a return on equity of 19.54% and a net margin of 12.31%.The company had revenue of $586.98 million during the quarter, compared to the consensus estimate of $572.04 million. During the same period in the previous year, the company posted $1.52 EPS. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, equities research analysts predict that Itron, Inc. will post 6.01 EPS for the current year.

Itron News Summary

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron released 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 also expanded its collaboration with Hunter Water in Australia, with plans to deploy 2,000 digital water meters and use Temetra software to improve leak detection and operational efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several executives, including CFO Joan Hooper and multiple senior vice presidents, sold small amounts of stock this week, but the company said the trades were related to equity-award tax withholding and a Rule 10b5-1 plan. Insider Selling: Itron (NASDAQ:ITRI) CFO Sells 442 Shares of Stock
• Neutral Sentiment: Itron’s latest earnings report beat expectations, and analysts still maintain a Moderate Buy rating with a consensus price target well above the current trading range, which provides some fundamental support.
• Negative Sentiment: The cluster of insider sales may still be pressuring the shares, especially as ITRI continues to trade below its 50-day and 200-day moving averages, reinforcing a cautious near-term technical picture.

Wall Street Analysts Forecast Growth

ITRI has been the subject of several research analyst reports. Guggenheim set a $155.00 target price on shares of Itron in a report on Friday, February 13th. 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 report on Thursday, April 16th. Roth Mkm reaffirmed a “buy” rating and set a $136.00 target price on shares of Itron in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. Finally, Oppenheimer boosted their price target on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.22.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in Itron by 112.4% in the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 145 shares during the period. Employees Retirement System of Texas bought a new stake in Itron in the 3rd quarter valued at about $32,000. Optiver Holding B.V. bought a new stake in Itron in the 3rd quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in Itron in the 3rd quarter valued at about $44,000. Institutional investors own 96.19% of the company’s stock.

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.