China smartphone shipments slumped in June on inventory overhang: Jefferies
Christopher E. Ware, the Senior Vice President, General Counsel, and Corporate Secretary at Itron, Inc. (NASDAQ:ITRI), recently sold 339 shares of the company’s common stock. The technology company, currently valued at $5.16 billion, maintains a GOOD financial health score according to InvestingPro analysis. The transaction took place on May 27, 2025, at an average price of $114.9451 per share, totaling approximately $38,966. This sale was conducted to cover tax withholding obligations related to the vesting of a restricted stock unit award. Following this transaction, Ware holds 19,468 shares directly. The stock currently trades near its 52-week high of $124.90, with analysts setting price targets ranging from $110 to $137. For deeper insights into insider trading patterns and comprehensive analysis, including 6 additional ProTips, check out Itron’s detailed InvestingPro Research Report.
In other recent news, Itron Inc. reported its first-quarter 2025 earnings, achieving an earnings per share (EPS) of $1.52, which exceeded analyst expectations of $1.32. However, the company’s revenue slightly missed forecasts, coming in at $607 million compared to the anticipated $614.49 million. Despite the revenue miss, Itron’s gross margin reached a record 35.8%, and the EBITDA margin stood at 14.5%. The company also announced that its backlog remains strong at $4.7 billion, with 70% of it being recurring revenue. Additionally, Itron has doubled its authorized shares from 75 million to 150 million, following shareholder approval at its 2025 Annual Meeting of Shareholders. This decision aims to provide the company with more flexibility for future corporate needs. Shareholders also ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year 2025. Analyst feedback from firms such as Oppenheimer highlighted Itron’s strategic focus on mergers and acquisitions, particularly in the software domain, to enhance its offerings.
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