Iteris Inc (ITI) Major Shareholder Neil S. Subin Sells 113,523 Shares of Stock

Iteris Inc (NASDAQ:ITI) major shareholder Neil S. Subin sold 113,523 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $6.07, for a total transaction of $689,084.61. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Iteris Inc (NASDAQ:ITI) opened at $5.61 on Tuesday. The firm has a market cap of $183.28, a PE ratio of -37.40 and a beta of -0.45. Iteris Inc has a fifty-two week low of $4.40 and a fifty-two week high of $8.17.

Several large investors have recently modified their holdings of ITI. Cowen Prime Services LLC lifted its stake in shares of Iteris by 180.7% in the third quarter. Cowen Prime Services LLC now owns 563,395 shares of the technology company’s stock valued at $3,747,000 after purchasing an additional 362,650 shares during the period. State Street Corp acquired a new stake in shares of Iteris in the second quarter valued at about $1,606,000. Northern Trust Corp lifted its stake in shares of Iteris by 256.5% in the second quarter. Northern Trust Corp now owns 306,623 shares of the technology company’s stock valued at $1,907,000 after purchasing an additional 220,625 shares during the period. B. Riley Financial Inc. acquired a new stake in shares of Iteris in the third quarter valued at about $1,371,000. Finally, Vanguard Group Inc. lifted its stake in shares of Iteris by 28.0% in the second quarter. Vanguard Group Inc. now owns 813,850 shares of the technology company’s stock valued at $5,062,000 after purchasing an additional 177,980 shares during the period. 33.62% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have issued reports on the stock. B. Riley set a $9.00 price objective on shares of Iteris and gave the stock a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research downgraded shares of Iteris from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Northland Securities set a $9.00 target price on shares of Iteris and gave the company a “buy” rating in a report on Monday, November 13th. Finally, JMP Securities initiated coverage on shares of Iteris in a report on Thursday, January 25th. They issued an “outperform” rating and a $10.50 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $8.75.

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About Iteris

Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.

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