Itron SVP, GC & corp. secretary Christopher Ware sells $19,076 in stock

Itron's Senior Vice President, General Counsel, and Corporate Secretary, Christopher Ware, sold 195 shares of the company's common stock on August 20, 2026. The sale, which took place to cover tax withholding obligations for a restricted stock unit award, saw Ware part with shares valued at $97.8259 each, generating a total transaction value of $19,076.

The current trading price of Itron stock is $98.64, closely aligning with the transaction price. Post this sale, Ware still holds a total of 30,116 shares of Itron common stock. Analysts currently view the stock as fairly valued, with price targets ranging from $115 to $150. For a comprehensive view of Itron's financials and valuation, investors can refer to the Pro Research Report.

On the earnings front, Itron reported a strong second-quarter 2026 performance, beating profit expectations. The company reported adjusted earnings of $1.59 per share, surpassing the analyst forecast of $1.29. Revenue for the quarter was $563 million, slightly lower than the consensus estimate of $566.34 million. However, Itron's impressive gross margins and robust recurring revenue growth contributed to this positive earnings surprise.

This financial turnaround was recognized when Needham raised its price target for Itron to $128, from $116, and maintained a Buy rating, citing Itron's margin performance and increased full-year 2026 earnings guidance as key factors.