Itron (NASDAQ:ITRI) Sees Strong Trading Volume – What’s Next?

Itron, Inc. (NASDAQ:ITRI) shares saw an uptick in trading volume on Tuesday . 2,908,377 shares traded hands during mid-day trading, an increase of 231% from the previous session’s volume of 878,055 shares.The stock last traded at $97.9410 and had previously closed at $95.21.

Key Stories Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron reported a solid Q4 with an EPS beat and set Q1/FY2026 guidance that exceeded expectations — this supports near-term earnings momentum and helps justify the stock’s re-rating. 5 Insightful Analyst Questions From Itron’s Q4 Earnings Call
• Neutral Sentiment: Itron priced an upsized $700M 0.00% convertible senior notes offering due 2032 (up from $600M). Management will use proceeds for a $100M concurrent share repurchase, capped-call hedges to limit dilution, and repayment of existing convertibles — a balance of deleveraging/buybacks versus potential future dilution; hedging activity may also move the stock near settlement. Itron Prices Upsized $700.0 Million Offering
• Neutral Sentiment: Brokerage coverage remains constructive (consensus “Moderate Buy” and recent Outperform/Overweight calls), which provides support for the shares even as the market digests other news. Consensus Rating of “Moderate Buy”
• Negative Sentiment: Clustered insider selling: multiple senior executives (including the CFO, several SVPs and the CAO) sold shares over Feb. 19–20 in a series of Form 4 filings — a sizable, concentrated wave of sales that can be interpreted as increased supply or management de-risking and may pressure short-term sentiment. Wave of Insider Moves

Analysts Set New Price Targets

Several research firms have issued reports on ITRI. Zacks Research lowered shares of Itron from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Stephens upgraded shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 target price for the company in a research note on Monday, November 3rd. Oppenheimer lifted their price target on Itron from $125.00 to $133.00 and gave the stock an “outperform” rating in a 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 report on Wednesday, February 18th. Finally, Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Monday, January 5th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Itron presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.90.

Itron Stock Performance

The company has a fifty day moving average of $97.72 and a two-hundred day moving average of $109.72. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 0.86 and a beta of 1.48. 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 (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share for the quarter, topping 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 firm had revenue of $571.66 million for the quarter, compared to analysts’ expectations of $561.31 million. During the same quarter last year, the business earned $1.35 EPS. The company’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. As a group, equities research analysts predict that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Donald L. Reeves III sold 5,419 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $99.54, for a total transaction of $539,407.26. Following the transaction, the senior vice president directly owned 33,140 shares of the company’s stock, valued at approximately $3,298,755.60. This trade represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christopher E. Ware sold 4,486 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total value of $446,536.44. Following the sale, the senior vice president directly owned 31,806 shares in the company, valued at $3,165,969.24. This represents a 12.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 47,128 shares of company stock worth $4,695,811. Insiders own 1.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA lifted its position in Itron by 112.4% during the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 145 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Itron in the 2nd quarter valued at approximately $30,000. Employees Retirement System of Texas bought a new stake in shares of Itron during the 3rd quarter worth approximately $32,000. Bessemer Group Inc. boosted its position in shares of Itron by 125.7% during the 2nd quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 142 shares in the last quarter. Finally, Optiver Holding B.V. bought a new position in Itron in the third quarter valued at approximately $36,000. Institutional investors and hedge funds 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.