Saleel Awsare Buys 10,000 Shares of Lantronix, Inc. (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare bought 10,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was acquired at an average cost of $3.66 per share, for a total transaction of $36,600.00. Following the acquisition, the chief executive officer now directly owns 30,000 shares in the company, valued at $109,800. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

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

Lantronix Price Performance

Shares of Lantronix stock opened at $3.70 on Wednesday. Lantronix, Inc. has a twelve month low of $3.08 and a twelve month 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. The firm has a market cap of $139.05 million, a P/E ratio of -20.56 and a beta of 2.05. The firm’s 50-day simple moving average is $3.52 and its 200-day simple moving average is $4.74.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings data on Thursday, February 8th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). Lantronix had a negative net margin of 4.48% and a negative return on equity of 8.47%. The company had revenue of $37.04 million for the quarter, compared to analyst estimates of $37.20 million. As a group, research analysts expect that Lantronix, Inc. will post -0.06 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of Lantronix

Several institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Lantronix during the first quarter worth $55,000. Essex Investment Management Co. LLC increased its position 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 worth $1,439,000 after purchasing an additional 6,171 shares in the last quarter. Wasatch Advisors LP increased its position in shares of 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 purchasing an additional 165,711 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in Lantronix during the 4th quarter valued at about $148,000. Finally, First Eagle Investment Management LLC boosted its position in Lantronix by 4.8% in 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 buying an additional 24,250 shares in the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

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.