Iteris Inc (NASDAQ:ITI) major shareholder Neil S. Subin sold 113,523 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $6.07, for a total value of $689,084.61. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Iteris Inc (NASDAQ:ITI) traded down $0.25 during mid-day trading on Monday, reaching $5.59. The company’s stock had a trading volume of 588,100 shares, compared to its average volume of 315,211. Iteris Inc has a 52 week low of $4.60 and a 52 week high of $8.17. The stock has a market cap of $183.28, a P/E ratio of -43.00 and a beta of -0.45.
A number of hedge funds have recently bought and sold shares of ITI. Cowen Prime Services LLC increased its holdings in Iteris by 180.7% during the 3rd quarter. Cowen Prime Services LLC now owns 563,395 shares of the technology company’s stock worth $3,747,000 after purchasing an additional 362,650 shares during the last quarter. State Street Corp purchased a new stake in Iteris during the 2nd quarter worth approximately $1,606,000. Northern Trust Corp increased its holdings in Iteris by 256.5% during the 2nd quarter. Northern Trust Corp now owns 306,623 shares of the technology company’s stock worth $1,907,000 after purchasing an additional 220,625 shares during the last quarter. B. Riley Financial Inc. purchased a new stake in Iteris during the 3rd quarter worth approximately $1,371,000. Finally, Vanguard Group Inc. increased its holdings in Iteris by 28.0% during the 2nd quarter. Vanguard Group Inc. now owns 813,850 shares of the technology company’s stock worth $5,062,000 after purchasing an additional 177,980 shares during the last quarter. Institutional investors own 33.62% of the company’s stock.
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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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