New insider activity at Itron ( (ITRI) ) has taken place on February 27, 2025.
Several high-ranking executives at Itron have recently sold significant amounts of company stock. Notably, Thomas Deitrich, SVP & GM of Digital Networking, led the sales with 3,297 shares sold, amounting to $337,777. Joan Hooper, the Principal Accounting Officer, followed with 1,774 shares sold for $181,746. Other executives, including Donald Reeves, John F. Marcolini, Patrick Justin K, and others, collectively sold thousands of shares, with individual sales ranging from $10,552 to $65,772. These transactions highlight a notable movement of shares among Itron’s leadership.
Recent Updates on ITRI stock
Itron’s stock has seen positive developments over the last 24 hours, with several firms raising their price targets due to the company’s strong financial performance and optimistic guidance. TD Cowen, Oppenheimer, and Canaccord have all increased their price targets, citing Itron’s impressive Q4 earnings, which exceeded consensus forecasts, and strong future guidance. The company’s Outcomes business showed particular strength, with robust bookings and a record backlog, indicating strong demand and future revenue potential. Itron’s Q4 adjusted EPS of $1.35 surpassed the consensus of $1.05, and the company provided a promising outlook for 2025, with expected revenue between $2.4 billion and $2.5 billion and non-GAAP EPS ranging from $5.20 to $5.60. Despite some challenges in legacy product lines and regional markets, Itron’s strategic focus and operational efficiencies have positioned it well for continued growth.
More about Itron
YTD Price Performance: -6.19%
Average Trading Volume: 516,980
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.59B
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