Itron INC (NASDAQ:ITRI) disclosed a transaction in which David Marshall Wright, the company's vice president, corporate controller and chief accounting officer, sold 188 shares of Itron stock on February 24, 2026, according to a Form 4 filed with the Securities and Exchange Commission.
The shares were disposed of at a price of $94.8147 per share, producing a total transaction value of $17,825. The filing states the sale was executed to satisfy tax withholding obligations associated with the vesting of a restricted stock unit award. After the sale, Wright directly holds 8,936 shares of Itron.
Valuation note and platform analysis
InvestingPro analysis appears in the filing's accompanying commentary, noting that the stock is assessed as undervalued according to its Fair Value measure and is trading at a price-to-earnings ratio of 14.84. The analysis mentions access to additional ProTips and financial health scores on the InvestingPro platform for subscribers seeking broader context.
Recent corporate performance and financing move
Separately, Itron released fourth-quarter 2025 results that surpassed analysts' expectations. The company delivered earnings per share of $2.46, above the projected $2.19, and reported revenue of $572 million versus an anticipated $561.48 million.
In connection with its capital strategy, Itron announced a private offering of $700 million in convertible senior notes due 2032, an increase from an initially planned $600 million. The structure of the offering includes an option for the initial purchasers to buy an additional $105 million in notes.
Analyst responses
Market analysts reacted positively to the results and the company's margin progress. Oppenheimer raised its price target on Itron shares to $133 from $125 and maintained an Outperform rating. Baird upgraded its rating on Itron to Outperform from Neutral and increased its price target to $128 from $118, citing the company's potential in utility grid modernization.
Takeaway
The Form 4 filing documents a routine-within-context insider sale conducted to meet tax obligations tied to equity compensation. That transaction comes amid a backdrop of quarterly results and capital market activity that analysts have viewed favorably. The public filings and analyst commentary together provide the factual touchpoints investors can use when assessing the company's recent developments.