Itron, Inc. reported a small insider sale by its top executive and released financial and capital markets updates that attracted analyst attention.
Insider transaction details
According to a Form 4 filing with the Securities and Exchange Commission, President and Chief Executive Officer Deitrich Thomas sold 1,772 shares of Itron common stock on February 24, 2026. The shares were disposed of at a per-share price of $94.8147, producing proceeds of $168,011. The filing states the sale was made to cover tax withholding obligations connected to the vesting of a restricted stock unit award. After the sale, Thomas’ direct ownership in the company stands at 370,301 shares. The filing also shows he indirectly owns 25,000 shares through a trust.
At the time of the report, Itron stock traded at $96.08 and the company carried a market capitalization of $4.32 billion.
Recent financial results
Itron’s fourth-quarter 2025 results exceeded analysts’ forecasts. The company posted earnings per share of $2.46 versus an expected $2.19, and reported revenue of $572 million compared with an anticipated $561.48 million. These outperformance figures formed the backdrop for subsequent analyst commentary and rating actions.
Analyst responses and outlook signals
Following the quarterly release, Oppenheimer raised its price target on Itron to $133 while maintaining an Outperform rating, citing the company’s strong results and margin progress. Baird moved to upgrade Itron’s rating to Outperform from Neutral, pointing to what it described as a multi-year opportunity in utility grid modernization.
Capital markets activity
Itron announced a private offering of $700 million in convertible senior notes due 2032, an increase from an initially planned $600 million. The offering includes an option for initial purchasers to acquire an additional $105 million in notes.
Valuation note
According to InvestingPro analysis cited in the filing, Itron appears undervalued on a price-to-earnings basis, trading at a P/E ratio of 14.84 relative to near-term earnings growth. The same source referenced additional ProTips and Pro Research Reports available for investors seeking deeper analysis.
What the filing shows and what remains unchanged
- Thomas’ open-market sale was explicitly to meet tax withholding related to RSU vesting.
- Direct and indirect ownership post-transaction are reported as 370,301 shares and 25,000 shares (indirect), respectively.
- Company fundamentals for Q4 2025 showed an earnings and revenue beat versus the stated estimates.
These items collectively paint a picture of an insider liquidity event tied to compensation tax obligations occurring alongside positive operational results and active capital-raising and analyst coverage.