Iteris Inc (NASDAQ:ITI) major shareholder Neil S. Subin sold 113,523 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $6.07, for a total transaction of $689,084.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Iteris Inc (ITI) opened at $5.42 on Wednesday. The stock has a market cap of $183.28, a price-to-earnings ratio of -41.69 and a beta of -0.45. Iteris Inc has a twelve month low of $4.60 and a twelve month high of $8.17.

ITI has been the topic of several recent analyst reports. B. Riley reaffirmed a “buy” rating and issued a $9.00 price target on shares of Iteris in a report on Wednesday, November 8th. Northland Securities set a $9.00 price target on shares of Iteris and gave the company a “buy” rating in a report on Monday, November 13th. Zacks Investment Research raised shares of Iteris from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. 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 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $8.75.

Large investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. acquired a new stake in shares of Iteris during the second quarter worth $257,000. Essex Investment Management Co. LLC raised its holdings in shares of Iteris by 22.7% during the third quarter. Essex Investment Management Co. LLC now owns 142,797 shares of the technology company’s stock worth $950,000 after purchasing an additional 26,412 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Iteris by 309.9% during the second quarter. Bank of New York Mellon Corp now owns 66,328 shares of the technology company’s stock worth $413,000 after purchasing an additional 50,145 shares during the period. Cowen Prime Services LLC raised its holdings in shares of Iteris by 38.0% during the fourth quarter. Cowen Prime Services LLC now owns 777,492 shares of the technology company’s stock worth $5,419,000 after purchasing an additional 214,097 shares during the period. Finally, Teachers Advisors LLC acquired a new stake in shares of Iteris during the second quarter worth $268,000. 33.62% of the stock is currently owned by institutional investors.

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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.

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

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