Lantronix, Inc. (NASDAQ:LTRX) CEO Acquires $36,600.00 in Stock

Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average cost of $3.66 per share, for a total transaction of $36,600.00. Following the purchase, the chief executive officer now directly owns 30,000 shares in the company, valued at $109,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Saleel Awsare also recently made the following trade(s):

• On Tuesday, February 13th, Saleel Awsare acquired 20,000 shares of Lantronix stock. The shares were purchased at an average cost of $3.91 per share, with a total value of $78,200.00.

Lantronix Stock Performance

Shares of LTRX stock opened at $3.74 on Tuesday. The firm has a market capitalization of $140.55 million, a price-to-earnings ratio of -20.78 and a beta of 2.05. The company has a 50 day moving average price of $3.53 and a 200 day moving average price of $4.74. Lantronix, Inc. has a one year low of $3.08 and a one year high of $6.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.32 and a current ratio of 2.25.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Lantronix had a negative return on equity of 8.47% and a negative net margin of 4.48%. The firm had revenue of $37.04 million for the quarter, compared to analyst estimates of $37.20 million. Sell-side analysts anticipate that Lantronix, Inc. will post -0.06 EPS for the current year.

Institutional Trading of Lantronix

A number of institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Lantronix during the first quarter worth about $55,000. Essex Investment Management Co. LLC raised its holdings in shares of Lantronix by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 404,158 shares of the technology company’s stock valued at $1,439,000 after buying an additional 6,171 shares during the period. Wasatch Advisors LP lifted its position in Lantronix by 11.4% during the 4th quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock worth $9,507,000 after acquiring an additional 165,711 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Lantronix in the fourth quarter valued at approximately $148,000. Finally, First Eagle Investment Management LLC raised its stake in shares of Lantronix by 4.8% during the fourth quarter. First Eagle Investment Management LLC now owns 533,353 shares of the technology company’s stock valued at $3,125,000 after purchasing an additional 24,250 shares during the period. 39.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Roth Mkm restated a “buy” rating and issued a $9.00 price target on shares of Lantronix in a research report on Tuesday, April 30th. Craig Hallum cut their target price on shares of Lantronix from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. StockNews.com upgraded shares of Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 13th. Lake Street Capital cut their price objective on Lantronix from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $7.00 target price on shares of Lantronix in a report on Tuesday, April 30th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $8.50.

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.