David Marshall Wright, Vice President, Corporate Controller, and Chief Accounting Officer at Itron, Inc. (NASDAQ:ITRI), disposed of 74 shares of the company’s common stock on May 26, 2026. The shares were sold at a price of $84.37 per share, totaling $6,243. The stock currently trades at $85.30, near its 52-week low of $77.77.
The transaction represents shares automatically sold to cover tax withholding obligations associated with the vesting of a restricted stock unit award. Following this sale, Mr. Wright directly holds 8,805 shares of Itron common stock.
According to Bond.az analysis, Itron appears undervalued at current levels, with the stock trading at a P/E ratio of 13.6. The platform offers 8 additional ProTips for ITRI, including insights on the company’s cash flow yield and earnings outlook.
In other recent news, Itron Inc. reported strong financial results for the first quarter of 2026. The company achieved earnings per share of $1.49, surpassing analyst expectations of $1.23. Revenue also exceeded forecasts, reaching $587 million compared to the anticipated $572.09 million. Despite these positive earnings and revenue figures, some investor concerns remain regarding the company’s performance and outlook. Additionally, Roth/MKM adjusted its price target for Itron, lowering it from $150 to $136. The firm maintained its Buy rating, citing a more subdued near-term revenue growth trajectory due to complex projects and regulatory dynamics.
