Posted 12/25/2023, 1:06:09 PM
Retail Traders Hold Sway Over Iteris As Top Shareholders Split Control
- Retail investors own 45% of Iteris shares, giving them significant influence over management and business strategy
- Top 25 shareholders control 50% of the company, so no single investor has a majority stake
- Institutional investors own 38% of shares, signaling credibility but also potential "crowded trade" risks
- Recent insider sales indicate some alignment between management and shareholders (insiders own $3.9 million worth of shares)
- Analyst coverage provides forecasts for future growth, but past earnings, revenue, and cash flow are mixed