Insider Trading Activity in: Itron, Inc. $ITRI

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Itron, Inc. (ITRI) insider have most recently took part in a trading activity. On Dec 28, 2017 Scopia Capital Management Lp, 10% Owner bought 23,736 shares having total worth of $1,616,184 at the price of $68.09 per share, following the transaction a total of 5,200,270 shares owned by Scopia Capital Management Lp. Before this latest buy, Scopia Capital Management Lp purchased ITRI at 5 other times during the past twelve months, for a total investment of $428.9M at an average of $69.2 per share.

The stock has experienced a total of 6 insider trades in the past three months. These trades include 1 sell activities and 5 buy trades. Furthermore, over the past 12 months , the stock was traded 12 times by insiders. In 7 of these trades, the insider was a seller while an employee of the company was the buyer in 5 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 5 1 -3.79%
12 Month 5 7 55.07%

Shares of Itron, Inc. (ITRI) traded up 0.59% on Dec 28, 2017, hitting $68.45. 273,263 shares of the company’s stock traded hands. Itron, Inc. has a 52 week low of $42.45 and a 52 week high of $79.4. The company’s market cap is $2,100 million.

Itron, Inc. (ITRI) last announced its earnings results on Nov 1, 2017. The company reported 0.77 earnings per share (EPS) for the quarter, lower than the consensus estimate of 0.89 by $0.12. The company had revenue of $487 million for the quarter, compared to the consensus estimate of $527 million. During the same quarter in the previous year, the company posted 0.77 earnings per share. The company’s revenue for the quarter was down 4% on a year-over-year basis.

2017-11-01 2017-08-02 2017-02-28 2016-11-02 2016-09-01 2016-08-11 2016-02-17 2015-11-03 2015-08-05 2015-05-04
earnings per share 0.77 0.71 0.68 0.77 0.65 0.44 0.76 0.43 -0.38 0.20
Revenue(M) 486.75 503.08 495.71 506.86 513.02 497.59 490.37 469.09 470.1 448.25

Itron Inc. was incorporated in the state of Washington in 1977. The Company a technology company, offering end-to-end smart metering solutions to electric, natural gas, and water utilities around the world. The Company’s smart metering solutions, meter data management software, and knowledge application solutions bring additional value to a utility’s metering and grid systems. The Company’s professional services help its customer’s project-manage, install, implement, operate, and maintain their systems. Its offerings include electricity, natural gas, and water metering systems, software, and services. It classifies metering systems into three categories: standard metering, advanced metering systems and technology, and smart metering systems and technology. A standard meter measures electricity, natural gas, or water by mechanical, electromechanical, or electronic means, with no built-in remote-reading communication capability. Standard meters require manual reading, which is typically performed by a utility representative or meter reading service provider. Worldwide, it produces standard residential, commercial and industrial (C&I), and transmission and distribution (T&D) electricity, natural gas, and water meters. Advanced metering uses a communication module embedded in the meter to collect and store detailed meter data, which is transmitted to handheld computers, mobile units, and/or fixed networks, allowing utilities to collect the data for billing systems and analyze the meter data for more efficient resource management and streamlined operations. Worldwide, it produces electricity, natural gas, and water advanced metering systems and technology. Depending on the country, communication technologies include telephone, RF (radio frequency), GSM (Global System for Mobile communications), PLC (power line carrier), and Ethernet devices. Smart meters initiate and respond to two-way communications with the utility to automatically collect and transmit meter data frequently to support various applications beyond monthly billings. The Company’s smart metering solutions also have substantially more features and functions than its advanced metering systems and technology. Smart meters are able to send and receive detailed data, collect and store interval data, and interface with other devices, such as in-home displays, smart thermostats and appliances, home area networks, advanced control systems, and more. It is facing increasing competition. The Company faces competitive pressures from a variety of companies in each of the markets it serves. It is subject to various governmental regulations in all of the jurisdictions in which it conducts business.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.