Iteris, Inc. (NASDAQ:ITI) VP Todd Kreter Sells 27,250 Shares

Iteris, Inc. (NASDAQ:ITI) VP Todd Kreter sold 27,250 shares of the business’s stock in a transaction on Monday, June 7th. The stock was sold at an average price of $6.84, for a total value of $186,390.00. Following the completion of the transaction, the vice president now owns 45,803 shares of the company’s stock, valued at approximately $313,292.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Todd Kreter also recently made the following trade(s):

  • On Friday, June 4th, Todd Kreter sold 10,421 shares of Iteris stock. The shares were sold at an average price of $6.98, for a total value of $72,738.58.

Shares of Iteris stock opened at $6.50 on Friday. The firm has a market cap of $270.67 million, a PE ratio of 27.08, a P/E/G ratio of 4.78 and a beta of 1.43. The business’s 50 day moving average is $6.72. Iteris, Inc. has a 1-year low of $3.71 and a 1-year high of $7.81.

Iteris (NASDAQ:ITI) last posted its quarterly earnings data 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 return on equity of 0.64% and a net margin of 8.65%. As a group, equities research analysts expect that Iteris, Inc. will post 0.09 earnings per share for the current year.

ITI has been the topic of a number of recent research reports. Zacks Investment Research downgraded Iteris from a “hold” rating to a “sell” rating in a research report on Thursday, June 3rd. Northland Securities reissued a “buy” rating and issued a $10.00 price objective on shares of Iteris in a research note on Wednesday, June 2nd. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company. Iteris currently has a consensus rating of “Buy” and a consensus target price of $8.56.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Iteris by 5.2% in the fourth quarter. BlackRock Inc. now owns 3,102,725 shares of the technology company’s stock valued at $17,529,000 after buying an additional 152,057 shares in the last quarter. Royce & Associates LP increased its stake in Iteris by 11.8% during the 1st quarter. Royce & Associates LP now owns 3,057,805 shares of the technology company’s stock worth $18,867,000 after buying an additional 323,474 shares during the period. Cowen Prime Services LLC increased its stake in Iteris by 4.1% during the 1st quarter. Cowen Prime Services LLC now owns 1,652,750 shares of the technology company’s stock worth $10,197,000 after buying an additional 65,750 shares during the period. Samjo Capital LLC grew its holdings in Iteris by 2.0% during the 1st quarter. Samjo Capital LLC now owns 1,290,000 shares of the technology company’s stock worth $7,959,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Essex Investment Management Co. LLC boosted its holdings in shares of Iteris by 53.6% in the 1st quarter. Essex Investment Management Co. LLC now owns 912,877 shares of the technology company’s stock valued at $5,632,000 after buying an additional 318,391 shares during the period. 59.35% of the stock is owned by hedge funds and other institutional investors.

Iteris Company Profile

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.

Read More: What is an Initial Coin Offering (ICO)?

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.