John F. Marcolini, Senior Vice President of Networked Solutions at Itron Inc. (NASDAQ: ITRI), sold 275 shares of the company’s common stock on August 20, 2026, for a total of $26,902. The transaction was executed at $97.8259 per share, according to regulatory filings.
The disposal was attributed to tax withholding obligations related to the vesting of a restricted stock unit award. Following the sale, Marcolini retained direct ownership of 13,014 shares in Itron. The company’s shares were trading at $98.75 at the time of the filing.
Itron, which reported a market capitalization of $4.32 billion, posted adjusted earnings per share of $1.59 in the second quarter of 2026, exceeding analyst expectations of $1.29. Revenue for the quarter totaled $563 million, slightly below the $566.34 million consensus. The company also reported a record adjusted gross margin of 41.4%, up 460 basis points year-over-year.
Analysts at Needham maintained a Buy rating on Itron’s stock and raised the price target to $128 from $116. InvestingPro characterized the company’s financial health as "GOOD" in its analysis.
