ITRI ITRON, INC.

NEUTRAL Impact: 3/10 Insider Cluster (8 insiders)
Horizon immediate Filed May 22, 2026 Processed 18d 13h ago
Insider cluster: 8 insiders, $0.2M total
Latest settled — T+5d ⚠ clustered
ITRI ▲ +2.13% at T+5d
NEUTRAL call ✓ call won +2.13% · α vs SPY +0.46% · entry $83.02 → $84.79
Next anchor: T+20d in 13d
Last close $81.80 (close Jun 8) · -1.47% from $83.02 entry
Entry anchored
May 22, 12:42 PM ET
via Databento tick
T+1d
+1.71%
call +1.71% · α +1.12%
$84.44
settled 15d ago
T+5d
+2.13%
call +2.13% · α +0.46%
$84.79
settled 9d ago
T+20d
call — · α —
in 13d
T+60d
call — · α —
in 2mo

Price Chart

Loading chart...

Executive Summary

Eight ITRI insiders, including the CEO, CFO, and multiple SVPs, made open-market sales totaling $181K over a cluster window (May 20-21, 2026). This all-insider selling at a single price point ($79.60) mirrors a routine tax-withholding or 10b5-1 plan pattern rather than opportunistic bearish conviction. The total value is 0.005% of market cap, far below materiality thresholds.

Key Financial Metrics

Direction
selling
Total Value
$181.0K
Insiders
8

Actionable Insight

The near-uniform price ($79.60) and simultaneous execution across C-suite and senior VPs strongly suggest a pre-arranged 10b5-1 plan or scheduled quarterly sell-to-cover program — not a reactive selloff. With the stock 81% analyst bullish and insider cluster value at just 5 bps of market cap, no bearish signal is warranted. Monitor for any unusual open-market purchases (P-code) which would carry genuine informational weight.

Key Facts

  • Total cluster sell value: $181K, representing 0.005% of $3.6B market cap
  • CEO Thomas Deitrich sold 760 shares for $60K; CFO Joan Hooper sold 355 shares for $28K
  • Six other SVPs and the CAO each sold 57–267 shares, all at $79.60 on May 20 except one late sale at $80.88
  • No insider purchases occurred in the cluster window
  • Cluster consists exclusively of open-market S transactions — no grants, gifts, or derivative exercises

Financial Impact

Total insider sales of $181,000, negligible relative to $3.6B market cap

insider holdings

Risk Factors

  • If these sales were NOT part of a 10b5-1 plan, the unanimous insider selling direction at a common price point deserves attention, though the tiny dollar amounts limit materiality
  • Historical model P&L on ITRI filings shows negative average alpha at T+20 (-2.68%), which reduces confidence in any directional read; this cluster is too small to reverse that pattern

Market Snapshot

Exchange
Nasdaq
Sector
Instruments For Meas & Testing of Electricity & Elec Signals
Analyst Consensus
81% bullish (21 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-ITRI-1779468208737
18 reports for ITRI
Performance horizon
100% Hit rate 3 of 3 directional calls best @ T+60▲ +20.26%Feb 24, 2026
Filters
Rows
Reports for ITRI — sortable, filterable
Type Now
Jun 4, 2026
5d ago
Insider Cluster
NEUTRAL ★ 2/10
$81.05 $80.07▼ −1.21%▲ +1.39%$81.80 (+0.93%)
Jun 2, 2026
7d ago
Press Release
NEUTRAL ★ 3/10
$83.94 $82.12▼ −2.17%▼ −1.47%$81.80 (−2.55%)
May 28, 2026
12d ago
Insider Cluster
NEUTRAL ★ 2/10
$83.59 $82.48▼ −1.33%▼ −1.57%$81.80 (−2.14%)
May 27, 2026
13d ago
Insider Cluster
NEUTRAL ★ 2/10
$83.59 $82.48▼ −1.33%▼ −1.57%$81.80 (−2.14%)
May 26, 2026
14d ago
144
NEUTRAL ★ 2/10
$84.44 $85.30▲ +1.02%▲ +1.01%$81.80 (−3.13%)
May 26, 2026
14d ago
Press Release
NEUTRAL ★ 3/10
$84.44 $85.30▲ +1.02%▲ +1.01%$81.80 (−3.13%)
May 22, 2026
18d ago
Insider Cluster
NEUTRAL ★ 3/10
$83.02 $84.44▲ +1.71%▲ +1.12%$81.80 (−1.47%)
May 21, 2026
19d ago
Insider Cluster
NEUTRAL ★ 2/10
$81.85 $83.02▲ +1.43%▲ +0.98%$81.80 (−0.06%)
Apr 28, 2026
6w ago
Press Release
MIXED ★ 6/10
$87.00 $82.69▼ −4.95%▼ −4.94%$81.80 (−5.98%)
Apr 24, 2026
6w ago
8-K
NEUTRAL ★ 5/10
$88.55 $86.92▼ −1.84%▼ −2.00%$81.80 (−7.62%)
Showing 10 of 18

US Market Status

Market Closed — Opens in 7h 27m

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access