J. Joseph Bergera Sells 2,101 Shares of Iteris, Inc. (NASDAQ:ITI) Stock

Iteris, Inc. (NASDAQ:ITI) CEO J. Joseph Bergera sold 2,101 shares of the business’s stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $7.00, for a total transaction of $14,707.00. Following the completion of the transaction, the chief executive officer now owns 72,733 shares in the company, valued at approximately $509,131. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, June 4th, J. Joseph Bergera sold 36,004 shares of Iteris stock. The shares were sold at an average price of $7.04, for a total transaction of $253,468.16.

Shares of NASDAQ ITI traded down $0.21 during midday trading on Thursday, hitting $6.50. 113,402 shares of the company traded hands, compared to its average volume of 309,249. Iteris, Inc. has a 12-month low of $3.71 and a 12-month high of $7.81. The firm has a 50-day moving average of $6.72. The company has a market capitalization of $270.67 million, a price-to-earnings ratio of 27.08, a P/E/G ratio of 4.78 and a beta of 1.43.

Iteris (NASDAQ:ITI) last announced its quarterly earnings results on Tuesday, June 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts expect that Iteris, Inc. will post 0.09 EPS for the current year.

A number of large investors have recently bought and sold shares of ITI. Samjo Capital LLC bought a new stake in Iteris during the fourth quarter worth about $7,147,000. Victory Capital Management Inc. bought a new stake in Iteris during the first quarter worth about $3,110,000. Essex Investment Management Co. LLC boosted its stake in Iteris by 166.8% during the fourth quarter. Essex Investment Management Co. LLC now owns 594,486 shares of the technology company’s stock worth $3,359,000 after acquiring an additional 371,647 shares in the last quarter. Royce & Associates LP boosted its stake in Iteris by 11.8% during the first quarter. Royce & Associates LP now owns 3,057,805 shares of the technology company’s stock worth $18,867,000 after acquiring an additional 323,474 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in Iteris during the first quarter worth about $1,882,000. 59.35% of the stock is currently owned by institutional investors and hedge funds.

ITI has been the topic of several research analyst reports. Northland Securities reiterated a “buy” rating and set a $10.00 price target on shares of Iteris in a research report on Wednesday, June 2nd. Zacks Investment Research cut shares of Iteris from a “hold” rating to a “sell” rating in a research report on Thursday, June 3rd. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $8.56.

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.

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