Narbeh Derhacobian Purchases 5,000 Shares of Lantronix, Inc. (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRX) Director Narbeh Derhacobian bought 5,000 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was acquired at an average cost of $2.33 per share, with a total value of $11,650.00. Following the completion of the transaction, the director now directly owns 24,799 shares of the company’s stock, valued at approximately $57,781.67. This represents a 25.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Lantronix Price Performance

NASDAQ:LTRX opened at $2.34 on Friday. The stock has a market cap of $91.00 million, a P/E ratio of -18.00 and a beta of 1.49. Lantronix, Inc. has a one year low of $1.91 and a one year high of $4.55. The company has a fifty day moving average price of $2.29 and a 200 day moving average price of $3.01. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.56 and a quick ratio of 1.69.

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

Hedge Funds Weigh In On Lantronix

Hedge funds have recently made changes to their positions in the business. Amundi acquired a new position in shares of Lantronix in the 4th quarter valued at $42,000. Balyasny Asset Management L.P. acquired a new position in shares of Lantronix in the 4th quarter valued at $79,000. Wolverine Trading LLC acquired a new position in shares of Lantronix in the 4th quarter valued at $95,000. Algert Global LLC raised its stake in shares of Lantronix by 49.5% in the 4th quarter. Algert Global LLC now owns 27,728 shares of the technology company’s stock valued at $114,000 after buying an additional 9,180 shares in the last quarter. Finally, Manatuck Hill Partners LLC acquired a new position in shares of Lantronix in the 4th quarter valued at $166,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

Analyst Upgrades and Downgrades

LTRX has been the subject of several recent research reports. Canaccord Genuity Group decreased their target price on shares of Lantronix from $4.50 to $3.00 and set a “buy” rating for the company in a research report on Monday, May 12th. Needham & Company LLC reduced their price objective on shares of Lantronix from $5.50 to $4.50 and set a “buy” rating for the company in a research note on Monday, May 12th. StockNews.com cut shares of Lantronix from a “buy” rating to a “hold” rating in a research note on Monday, May 12th. Finally, Lake Street Capital reduced their price objective on shares of Lantronix from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, May 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $5.13.

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.