Itron Inc. (NASDAQ: ITRI) disclosed a secondary-market share sale by Senior Vice President Donald L. Reeves III, executed under a Rule 10b5-1 trading plan adopted in September 2025. The transaction, reported on August 25, 2026, involved the disposal of 283 shares at $99.99 per share for a total value of $28,297.
Reeves III retained 27,662 shares of Itron common stock following the sale. The stock last traded at $98.74, according to the report, with analyst price targets ranging from $115 to $150. Needham maintained a Buy rating and raised its price target to $128.
Itron reported adjusted earnings per share of $1.59 in the second quarter, exceeding the $1.29 consensus estimate. Revenue reached $563 million, slightly below the $566.34 million forecast. Gross margins expanded to a record 41.4%, up 460 basis points year-over-year, while the company upgraded its full-year 2026 earnings guidance. Itron’s market capitalization stands at $4.32 billion.
