ITRI - Itron Board Member Sold $1.42M In Company Stock | Benzinga
Disclosed on March 7, Jerome Lande, Board Member at Itron (NASDAQ:ITRI), executed a substantial insider sell as per the latest SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Lande sold 14,896 shares of Itron. The total transaction value is $1,418,894.
The latest update on Friday morning shows Itron shares up by 0.7%, trading at $96.52.
Discovering Itron: A Closer Look
Itron Inc provides solutions that measure, manage, and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems. The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision-making and maximize operational profitability.
A Deep Dive into Itron's Financials
Revenue Growth: Itron displayed positive results in 3 months. As of 31 December, 2023, the company ...