Joan Hooper Sells 1,426 Shares of Itron (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) CFO Joan Hooper sold 1,426 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $100.17, for a total transaction of $142,842.42. Following the sale, the chief financial officer directly owned 122,770 shares in the company, valued at $12,297,870.90. This trade represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Itron Trading Up 2.8%

Shares of Itron stock opened at $97.84 on Wednesday. The firm has a 50-day simple moving average of $97.77 and a two-hundred day simple moving average of $109.53. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.56 and a current ratio of 1.80. Itron, Inc. has a fifty-two week low of $88.57 and a fifty-two week high of $142.00. The company has a market cap of $4.40 billion, a P/E ratio of 15.03, a price-to-earnings-growth 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 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.27. The firm had revenue of $571.66 million during the quarter, compared to analyst estimates of $561.31 million. Itron had a return on equity of 20.04% and a net margin of 12.72%.Itron’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.35 EPS. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. As a group, equities analysts predict that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ITRI has been the topic of a number of research analyst reports. Guggenheim set a $155.00 price target on shares of Itron in a research note on Friday, February 13th. Weiss Ratings lowered shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Wall Street Zen cut shares of Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Johnson Rice raised shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Monday, January 5th. Finally, Argus reiterated a “hold” rating on shares of Itron in a report on Tuesday, November 4th. 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.90.

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.

Hedge Funds Weigh In On Itron

Hedge funds and other institutional investors have recently modified their holdings of the business. Impax Asset Management Group plc boosted its position in Itron by 127.3% during the third quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock worth $197,153,000 after acquiring an additional 890,040 shares during the last quarter. Norges Bank purchased a new position in Itron in the 4th quarter worth approximately $63,990,000. Soros Fund Management LLC purchased a new position in Itron in the 4th quarter worth approximately $34,843,000. Millennium Management LLC boosted its holdings in shares of Itron by 269.3% during the 4th quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company’s stock worth $47,068,000 after purchasing an additional 369,617 shares during the last quarter. Finally, Merewether Investment Management LP grew its position in shares of Itron by 1,552.7% in the second quarter. Merewether Investment Management LP now owns 300,787 shares of the scientific and technical instruments company’s stock valued at $39,593,000 after purchasing an additional 282,587 shares in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

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.