Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare Acquires 15,000 Shares

Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare bought 15,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $2.53 per share, for a total transaction of $37,950.00. Following the completion of the purchase, the chief executive officer now owns 253,380 shares of the company’s stock, valued at approximately $641,051.40. The trade was a 6.29 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Lantronix Trading Down 1.6 %

Lantronix stock opened at $2.52 on Tuesday. Lantronix, Inc. has a one year low of $2.48 and a one year high of $4.55. The business’s fifty day moving average is $3.59 and its 200 day moving average is $3.61. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.56 and a quick ratio of 1.69. The stock has a market capitalization of $97.75 million, a PE ratio of -19.38 and a beta of 1.94.

Lantronix (NASDAQ:LTRX) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). Lantronix had a negative net margin of 3.15% and a negative return on equity of 2.62%. On average, sell-side analysts predict that Lantronix, Inc. will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Jefferies Financial Group Inc. lifted its holdings in Lantronix by 153.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 82,500 shares of the technology company’s stock valued at $340,000 after acquiring an additional 50,000 shares during the period. Wolverine Trading LLC bought a new position in Lantronix in the fourth quarter valued at about $95,000. Balyasny Asset Management L.P. bought a new position in Lantronix in the fourth quarter valued at about $79,000. Ameriprise Financial Inc. lifted its holdings in Lantronix by 5.7% in the fourth quarter. Ameriprise Financial Inc. now owns 275,985 shares of the technology company’s stock valued at $1,137,000 after acquiring an additional 14,802 shares during the period. Finally, Algert Global LLC raised its stake in shares of Lantronix by 49.5% in the fourth quarter. Algert Global LLC now owns 27,728 shares of the technology company’s stock worth $114,000 after buying an additional 9,180 shares during the period. Institutional investors own 39.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on LTRX. StockNews.com cut Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th. Canaccord Genuity Group dropped their price objective on Lantronix from $5.00 to $4.50 and set a “buy” rating on the stock in a research report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.50 price objective on shares of Lantronix in a research report on Tuesday, January 21st. Finally, Lake Street Capital dropped their price objective on Lantronix from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $6.00.

Lantronix Company Profile

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.