Itron SVP Justin K. Patrick sells $994,045 in ITRI stock

Itron's Senior Vice President of Device Solutions, Justin K. Patrick, sold 10,210 shares of the company's common stock, amounting to $994,045, on September 3, 2026. The transactions were executed in line with a pre-approved Rule 10b5-1 trading plan adopted on May 6, 2026. Following the sale, Patrick retains 22,065 shares of Itron, trading at $95.62, which is close to the company's InvestingPro Fair Value of $95.89.

The stock is currently valued at $4.19 billion with a P/E ratio of 15.92. Analysts have raised their earnings forecasts for Itron, with price targets ranging from $115 to $150. Needham has also increased its price target for Itron to $128, maintaining a Buy rating due to strong margin performance and earnings guidance.

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