Lantronix, Inc. (NASDAQ:LTRX) CEO Sells $86,441.44 in Stock

Lantronix, Inc. (NASDAQ:LTRXGet Rating) CEO Paul H. Pickle sold 16,528 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $5.23, for a total value of $86,441.44. Following the transaction, the chief executive officer now owns 654,241 shares of the company’s stock, valued at approximately $3,421,680.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Lantronix Trading Down 3.2 %

Shares of NASDAQ LTRX opened at $5.15 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 2.53 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $6.41 and a two-hundred day simple moving average of $6.09. The firm has a market cap of $180.96 million, a PE ratio of -28.61 and a beta of 2.30. Lantronix, Inc. has a twelve month low of $4.65 and a twelve month high of $10.25.

Lantronix (NASDAQ:LTRXGet Rating) last issued its earnings results on Thursday, August 25th. The technology company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. Lantronix had a negative return on equity of 7.74% and a negative net margin of 4.14%. During the same quarter last year, the firm posted ($0.04) earnings per share. Analysts expect that Lantronix, Inc. will post 0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lantronix

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Lantronix by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 445,049 shares of the technology company’s stock valued at $3,485,000 after purchasing an additional 10,327 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of Lantronix by 7.2% in the 4th quarter. King Luther Capital Management Corp now owns 564,800 shares of the technology company’s stock worth $4,422,000 after acquiring an additional 37,900 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Lantronix in the 1st quarter worth $2,173,000. Millrace Asset Group Inc. bought a new position in shares of Lantronix in the 1st quarter worth $1,527,000. Finally, Lynrock Lake LP raised its position in shares of Lantronix by 348.5% in the 4th quarter. Lynrock Lake LP now owns 747,492 shares of the technology company’s stock worth $5,853,000 after acquiring an additional 580,826 shares in the last quarter. 33.62% of the stock is owned by institutional investors.

About Lantronix

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Lantronix, Inc provides software as a service (SaaS), engineering services, and hardware for edge computing, the Internet of Things (IoT), and remote environment management (REM) in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT Connectivity, 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; IoT Compute, 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 IoT Telematics, which provides power efficient products designed to support communications across interfaces and industrial protocols for vehicle, fleet, and asset tracking and management.

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