Iteris Inc (ITI) President and CEO J. Bergera Sells 36,900 Shares
Iteris Inc (NASDAQ:ITI), a company specializing in the provision of applied informatics for transportation and agriculture, has reported an insider sale according to a recent SEC filing. President and CEO J. Bergera sold 36,900 shares of the company on March 4, 2024. The transaction was disclosed in an SEC Filing.Over the past year, the insider has sold a total of 36,900 shares and has not made any purchases of the company's stock. The insider transaction history for Iteris Inc shows a pattern of more sales than purchases among insiders, with 0 insider buys and 4 insider sells over the past year.
On the valuation front, Iteris Inc shares were trading at $5.12 on the day of the insider's recent sale, resulting in a market cap of $218.488 million. The price-earnings ratio of the company stands at 85.17, which is above both the industry median of 23.66 and the company's historical median price-earnings ratio.The stock's price-to-GF-Value ratio is 1.06, indicating that Iteris Inc is considered Fairly Valued based on its GF Value of $4.81. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The sale by President and CEO J. Bergera represents a notable insider transaction for Iteris Inc, and investors may look to the insider trends and valuation metrics for further context on the company's stock performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
