The cluster is too small in dollar terms to warrant a bearish read. Monitor for any upcoming earnings pre-announcement or material 8-K that could have motivated the timing, but treat this as routine portfolio diversification. The historical calibration shows ITRI neutral calls have underperformed, but the signal here is too weak to override the default neutral stance.
Price Chart
Executive Summary
Eight Itron insiders, including the CEO and CFO, sold a total of $218K in open-market sales over a two-day window (May 26-27, 2026). The cluster is broad-based across C-suite and senior VPs, but the dollar value is only ~0.006% of the $3.8B market cap — trivial in scale. Per academic literature, cluster sales are not reliably informative (often driven by shared vesting or blackout-window openings), and this amount is too small to signal material concern.
Key Financial Metrics
Key Facts
- 8 insiders sold a total of $218K in open-market sales on May 26-27, 2026
- CEO Thomas Deitrich sold $73K (862 shares); CFO Joan Hooper sold $37K (442 shares)
- Total sales represent ~0.006% of ITRI's $3.8B market cap — well below the 0.1% materiality threshold
- All sales were open-market (code S); no 10b5-1 plan designation noted in the filing
- Historical model performance on ITRI shows a 30% win rate at T+20 with avg alpha of -6.69%, suggesting prior neutral calls have been directionally wrong — but this cluster is too small to change the read
Financial Impact
$218K total insider sales, negligible relative to $3.8B market cap
Risk Factors
- If a material negative event (e.g., earnings miss, guidance cut) follows within 30 days, the cluster could be viewed as informed selling in hindsight
- CEO and CFO both selling on the same day is optically notable, but the dollar amounts are de minimis
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ITRI-1779993540139 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 26, 2026 5w ago | Insider Cluster | $98.86 $92.43 | ▼ −6.50% | ▼ −7.71% | $86.51 (−12.49%) |
Aug 25, 2026 5w ago | Insider Cluster | $98.86 $92.43 | ▼ −6.50% | ▼ −7.71% | $86.51 (−12.49%) |
Aug 25, 2026 5w ago | Insider Cluster | $98.86 $92.43 | ▼ −6.50% | ▼ −7.71% | $86.51 (−12.49%) |
Aug 24, 2026 5w ago | Insider Cluster | $98.69 $92.43 | ▼ −6.34% | ▼ −6.36% | $86.51 (−12.34%) |
Aug 24, 2026 5w ago | Insider Cluster | $98.69 $92.43 | ▼ −6.34% | ▼ −6.36% | $86.51 (−12.34%) |
Aug 24, 2026 5w ago | Insider Cluster | $98.69 $92.43 | ▼ −6.34% | ▼ −6.36% | $86.51 (−12.34%) |
Jul 28, 2026 9w ago | Press Release | $107.02 $98.73 | ▼ −7.75% | ▼ −11.13% | $86.51 (−19.16%) |
Jul 9, 2026 12w ago | Institutional Cluster | $84.99 $102.82 | ▲ +20.98% | ▲ +18.74% | $86.51 (+1.79%) |
Jun 16, 2026 15w ago | Press Release | $81.10 $83.46 | ▲ +2.91% | ▲ +2.71% | $86.51 (+6.67%) |
Jun 4, 2026 17w ago | Insider Cluster | $81.05 $85.11 | ▲ +5.01% | ▲ +6.38% | $86.51 (+6.74%) |
US Market Status
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