Iteris, Inc. (NASDAQ:ITI) CEO J. Joseph Bergera Sells 36,004 Shares of Stock

Iteris, Inc. (NASDAQ:ITI) CEO J. Joseph Bergera sold 36,004 shares of the business’s stock in a transaction on Friday, June 4th. The stock was sold at an average price of $7.04, for a total value of $253,468.16. Following the transaction, the chief executive officer now directly owns 72,733 shares of the company’s stock, valued at $512,040.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

J. Joseph Bergera also recently made the following trade(s):

  • On Monday, June 7th, J. Joseph Bergera sold 2,101 shares of Iteris stock. The stock was sold at an average price of $7.00, for a total value of $14,707.00.

Shares of Iteris stock opened at $6.50 on Friday. The company has a market capitalization of $270.67 million, a PE ratio of 27.08, a PEG ratio of 4.78 and a beta of 1.43. Iteris, Inc. has a 52 week low of $3.71 and a 52 week high of $7.81. The business has a 50-day simple moving average of $6.72.

Iteris (NASDAQ:ITI) last issued its earnings results on Tuesday, June 1st. The technology company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Iteris had a net margin of 8.65% and a return on equity of 0.64%. As a group, equities analysts anticipate that Iteris, Inc. will post 0.09 EPS for the current fiscal year.

Several research firms have commented on ITI. Zacks Investment Research downgraded Iteris from a “hold” rating to a “sell” rating in a research note on Thursday, June 3rd. Northland Securities restated a “buy” rating and issued a $10.00 price target on shares of Iteris in a report on Wednesday, June 2nd. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $8.56.

A number of institutional investors have recently added to or reduced their stakes in ITI. UBS Group AG lifted its position in Iteris by 29.0% in the first quarter. UBS Group AG now owns 7,955 shares of the technology company’s stock worth $49,000 after purchasing an additional 1,787 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Iteris by 1.1% during the fourth quarter. Nuveen Asset Management LLC now owns 168,882 shares of the technology company’s stock valued at $954,000 after purchasing an additional 1,850 shares during the last quarter. Rhumbline Advisers boosted its holdings in Iteris by 7.9% in the fourth quarter. Rhumbline Advisers now owns 40,842 shares of the technology company’s stock valued at $231,000 after acquiring an additional 3,000 shares during the last quarter. V Wealth Advisors LLC raised its stake in shares of Iteris by 44.1% during the first quarter. V Wealth Advisors LLC now owns 14,700 shares of the technology company’s stock worth $91,000 after buying an additional 4,500 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Iteris by 238.2% in the 4th quarter. Citigroup Inc. now owns 8,216 shares of the technology company’s stock valued at $46,000 after purchasing an additional 5,787 shares during the period. 59.35% of the stock is owned by hedge funds and other institutional investors.

About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions in Canada and Europe. It operates through Roadway Sensors and Transportation Systems segments. The Roadway Sensors segment offers sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications.

Recommended Story: Compound Annual Growth Rate (CAGR)

Insider Buying and Selling by Quarter for Iteris (NASDAQ:ITI)

Receive News & Ratings for Iteris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iteris and related companies with MarketBeat.com's FREE daily email newsletter.