Itron Inc. (NASDAQ: ITRI) reported a single insider transaction on February 26, 2026 when Senior Vice President and Chief Financial Officer Joan S. Hooper sold 3,533 shares of common stock at $95.9209 per share. The sale generated $338,888 in proceeds and was carried out specifically to meet tax-withholding obligations that arose when a restricted stock unit award vested.
After completing the sale, Hooper retains direct ownership of 118,275 shares of Itron common stock. The transaction did not include any additional disclosures beyond the tax-related reason for the disposition.
Alongside the insider filing, market-data from InvestingPro included in the company update notes that the business - valued at roughly $4.2 billion in that analysis - appears undervalued under the platform's Fair Value assessment. The same source summarizes analyst price targets in a range from $128 to $150 and reports that Itron trades at a price-to-earnings ratio of 14.43. InvestingPro also lists eight additional tips for investors following the ticker ITRI.
Recent corporate results provide further context for investor interest. Itron released fourth-quarter 2025 earnings that surpassed consensus expectations, posting earnings per share of $2.46 compared with the $2.19 analysts had forecast. Revenue for the quarter totaled $572 million, beating the anticipated $561.48 million.
Following the stronger-than-expected quarter and management guidance for fiscal 2026, Oppenheimer raised its price target on Itron shares to $133 and kept an Outperform rating, citing the company’s robust results and positive outlook. Baird also moved its rating to Outperform from Neutral and set a new price target of $128, referencing Itron’s positioning to benefit from utility grid modernization opportunities.
In a corporate financing development, Itron announced a private offering of $700 million in convertible senior notes due 2032, an increase from the originally planned $600 million. The company granted initial purchasers an option to acquire up to an additional $105 million in notes. The upsized offering and analyst reactions together frame recent investor and market attention.
The insider sale, which was limited in size and done to cover tax liabilities tied to RSU vesting, occurred in the same time frame as these operational and capital-marketing updates. The filings and analyst moves present a mix of governance, valuation, and financing information that investors can factor into their assessments of Itron.