Transaction details
According to a Form 4 filed with the Securities and Exchange Commission, Laurie Ann Pulatie-Hahn, Itron, Inc.'s senior vice president of human resources, sold 142 shares of common stock on February 11, 2026. The shares were sold at $105.2648 per share, producing a total transaction value of $14,947. The filing states the sale was executed to satisfy tax withholding obligations tied to the vesting of a restricted stock unit award.
Holdings after the sale
Following the transaction, Pulatie-Hahn is reported to directly own 21,783 shares of Itron, Inc. The company is described in the filing as having a market valuation of $4.13 billion.
Market context
Itron's shares are trading at $92.34 and, according to InvestingPro data cited in the filing, the stock has fallen nearly 8% over the past week and is trading near its 52-week low of $90.11. Investors are approaching the company's scheduled earnings report on February 17 with these price movements and insider activity noted.
Valuation and analyst views
InvestingPro analysis referenced in the filing indicates that Itron is trading below its Fair Value and highlights a free cash flow yield of 8% for the company. Separately, Guggenheim recently downgraded Itron from a Buy rating to Neutral, citing concerns about the company's growth trajectory. Guggenheim revised its revenue forecasts to $2.32 billion for 2026 and $2.42 billion for 2027 and also implemented sizable reductions in its EBITDA expectations for the company.
Business developments
While managing near-term market pressure, Itron continues to advance commercial initiatives. The company and Pacific Gas & Electric are broadening their collaboration to improve grid safety and encourage electric vehicle adoption by integrating Itron's Grid Edge Intelligence solutions to enhance grid reliability and reduce wildfire risks. In addition, Itron is expanding its relationship with Microsoft by rolling out a new intelligent edge connector - the Intelligent Edge Operating System (IEOS) Connector for Microsoft 365 Copilot - designed to let utility workers query consumption and operational data using natural language.
On the water utility front, Tucson Water is implementing Itron's Advanced Metering Infrastructure Essentials to support conservation and operational efficiency, with plans to deploy 250,000 smart water communication modules by 2029.
Broader coverage
The filing also references InvestingPro's broader research coverage, noting a Pro Research Report and a universe of more than 1,400 U.S. equities that are covered in depth on the platform.
This article reports the details contained in the SEC filing and related disclosures. It does not add information beyond those disclosures and referenced analyses.