Justin Patrick Sells 828 Shares of Itron (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 828 shares of Itron stock in a transaction on Friday, February 20th. The shares were sold at an average price of $100.17, for a total value of $82,940.76. Following the sale, the senior vice president directly owned 33,516 shares of the company’s stock, valued at approximately $3,357,297.72. The trade was a 2.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Itron Stock Performance

Shares of ITRI stock opened at $97.84 on Wednesday. Itron, Inc. has a fifty-two week low of $88.57 and a fifty-two week high of $142.00. The stock’s 50-day moving average is $97.77 and its two-hundred day moving average is $109.53. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.56. The firm has a market cap of $4.40 billion, a P/E ratio of 15.03, a PEG ratio of 0.82 and a beta of 1.48.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.19 by $0.27. Itron had a return on equity of 20.04% and a net margin of 12.72%.The business had revenue of $571.66 million during the quarter, compared to analysts’ expectations of $561.31 million. During the same quarter in the previous year, the business posted $1.35 EPS. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. Analysts predict that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Key Headlines Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Q4 earnings beat and forward guidance — Itron reported an EPS beat and provided Q1 and FY‑2026 EPS guidance that supported the outlook after the Feb. 17 earnings call. This underpins the rally in shares and analyst engagement. Read More.
• Positive Sentiment: Upsized $700M convertible notes offering with buyback and capped‑call structure — Itron increased the offering to $700M, plans ~$100M of concurrent share repurchases and capped calls to limit dilution, and will use proceeds also to repay existing convertible notes. The size bump and use of proceeds can strengthen the balance sheet and support buyback-driven EPS accretion. Read More.
• Neutral Sentiment: Street positioning remains constructive — broker consensus is a “Moderate Buy” and several analysts maintain targets above the current price, supporting upside case despite recent volatility. Read More.
• Negative Sentiment: Clustered insider selling across senior management — multiple SVPs, the CFO and CAO disclosed coordinated sales over Feb. 19–20 (tens of thousands of shares across filings). Large, concentrated insider sales often create negative signaling and add near‑term supply pressure. Read More.
• Negative Sentiment: Convertible notes carry dilution risk despite mitigants — although capped calls and a ~30% conversion premium reduce immediate dilution concerns, the convertible structure can still dilute equity if shares rise or convert, leaving uncertainty for shareholders until conversions/repurchases occur. Read More.

Institutional Trading of Itron

Several hedge funds have recently added to or reduced their stakes in ITRI. Pacer Advisors Inc. bought a new position in Itron in the 4th quarter worth approximately $12,864,000. Mercer Global Advisors Inc. ADV grew its stake in shares of Itron by 18.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,787 shares of the scientific and technical instruments company’s stock worth $259,000 after acquiring an additional 441 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Itron in the fourth quarter worth $1,032,000. Voloridge Investment Management LLC increased its position in Itron by 164.1% during the fourth quarter. Voloridge Investment Management LLC now owns 197,536 shares of the scientific and technical instruments company’s stock worth $18,343,000 after acquiring an additional 122,733 shares during the period. Finally, Symmetry Investments LP acquired a new position in Itron during the 4th quarter valued at $3,334,000. Institutional investors own 96.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on ITRI shares. Oppenheimer increased their target price on shares of Itron from $125.00 to $133.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Robert W. Baird set a $128.00 price target on Itron and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Weiss Ratings lowered Itron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Zacks Research lowered Itron from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Finally, Guggenheim set a $155.00 price target on Itron in a report on Friday, February 13th. Eight 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.90.

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.