Christopher E. Ware, Itron Inc.'s senior vice president, general counsel and corporate secretary, sold 195 shares of the company's common stock on August 20, 2026, to cover tax withholding obligations tied to the vesting of a restricted stock unit award.
The shares were disposed at a price of $97.8259 per share, generating total proceeds of $19,076. Following the transaction, Ware retains beneficial ownership of 30,116 shares of Itron common stock.
Itron's shares were trading at $98.64 at the time of the report. The company's market capitalization stands at approximately $4.31 billion. Analyst price targets for the stock range between $115 and $150, with Needham maintaining a Buy rating and recently raising its target to $128 from $116.
The insider sale follows Itron's Q2 2026 financial results, which exceeded earnings expectations. Adjusted earnings came in at $1.59 per share, surpassing the analyst consensus of $1.29. Revenue for the quarter totaled $563 million, slightly below the $566.34 million estimate. The company reported an adjusted gross margin of 41.4%, a record high and an increase of 460 basis points year-over-year.
