Iteris, Inc. (NASDAQ:ITI) Major Shareholder Sells $385,920.00 in Stock

Iteris, Inc. (NASDAQ:ITIGet Free Report) major shareholder Samjo Management, Llc sold 72,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $5.36, for a total transaction of $385,920.00. Following the sale, the insider now owns 6,320,800 shares of the company’s stock, valued at approximately $33,879,488. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Samjo Management, Llc also recently made the following trade(s):

  • On Wednesday, January 31st, Samjo Management, Llc sold 31,000 shares of Iteris stock. The stock was sold at an average price of $4.93, for a total transaction of $152,830.00.

Iteris Stock Performance

NASDAQ:ITI opened at $5.32 on Monday. Iteris, Inc. has a 52 week low of $3.72 and a 52 week high of $5.49. The firm has a market cap of $227.82 million, a price-to-earnings ratio of 88.67 and a beta of 0.68. The firm’s 50-day simple moving average is $4.84 and its 200 day simple moving average is $4.50.

Iteris (NASDAQ:ITIGet Free Report) last released its earnings results on Thursday, November 9th. The technology company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Iteris had a net margin of 1.45% and a return on equity of 3.80%. The firm had revenue of $43.56 million during the quarter, compared to the consensus estimate of $41.13 million. Sell-side analysts anticipate that Iteris, Inc. will post 0.12 EPS for the current year.

Hedge Funds Weigh In On Iteris

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in Iteris by 2.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 115,339 shares of the technology company’s stock valued at $478,000 after buying an additional 2,604 shares during the period. Bouvel Investment Partners LLC increased its holdings in Iteris by 1.1% in the 4th quarter. Bouvel Investment Partners LLC now owns 294,890 shares of the technology company’s stock valued at $1,533,000 after buying an additional 3,119 shares during the period. BlackRock Inc. increased its holdings in Iteris by 0.4% in the 1st quarter. BlackRock Inc. now owns 757,085 shares of the technology company’s stock valued at $3,551,000 after buying an additional 3,280 shares during the period. Acuitas Investments LLC increased its holdings in Iteris by 0.6% in the 3rd quarter. Acuitas Investments LLC now owns 552,651 shares of the technology company’s stock valued at $2,288,000 after buying an additional 3,442 shares during the period. Finally, Whittier Trust Co. increased its holdings in Iteris by 9.3% in the 3rd quarter. Whittier Trust Co. now owns 44,602 shares of the technology company’s stock valued at $185,000 after buying an additional 3,794 shares during the period. 64.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Iteris from a “buy” rating to a “strong-buy” rating in a research report on Friday. B. Riley raised their price target on shares of Iteris from $6.00 to $8.50 and gave the stock a “buy” rating in a research report on Friday.

Check Out Our Latest Stock Analysis on Iteris

Iteris Company Profile

(Get Free Report)

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.

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