Insider Selling: Lantronix (NASDAQ:LTRX) Major Shareholder Sells $60,287.52 in Stock

Lantronix, Inc. (NASDAQ:LTRX) major shareholder Bernhard Bruscha sold 12,993 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $4.64, for a total value of $60,287.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Bernhard Bruscha also recently made the following trade(s):

• On Tuesday, September 2nd, Bernhard Bruscha sold 10,000 shares of Lantronix stock. The shares were sold at an average price of $5.03, for a total value of $50,300.00.

Lantronix Stock Performance

Shares of LTRX opened at $4.69 on Thursday. The firm has a market cap of $183.61 million, a PE ratio of -15.63 and a beta of 1.44. The stock’s fifty day moving average price is $3.47 and its two-hundred day moving average price is $2.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.54 and a quick ratio of 1.68. Lantronix, Inc. has a 1 year low of $1.91 and a 1 year high of $5.06.

Institutional Trading of Lantronix

A number of institutional investors have recently added to or reduced their stakes in the stock. Heartland Advisors Inc. purchased a new position in Lantronix during the first quarter worth about $3,486,000. Dimensional Fund Advisors LP grew its position in Lantronix by 16.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,323,971 shares of the technology company’s stock worth $5,455,000 after buying an additional 186,479 shares in the last quarter. Marshall Wace LLP grew its position in Lantronix by 10.6% during the second quarter. Marshall Wace LLP now owns 446,164 shares of the technology company’s stock worth $1,280,000 after buying an additional 42,838 shares in the last quarter. Ameriprise Financial Inc. grew its position in Lantronix by 5.7% during the fourth quarter. Ameriprise Financial Inc. now owns 275,985 shares of the technology company’s stock worth $1,137,000 after buying an additional 14,802 shares in the last quarter. Finally, AMH Equity Ltd grew its position in Lantronix by 24.5% during the second quarter. AMH Equity Ltd now owns 250,000 shares of the technology company’s stock worth $718,000 after buying an additional 49,219 shares in the last quarter. Hedge funds and other institutional investors own 39.38% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $4.50 target price on shares of Lantronix in a research note on Thursday, August 28th. Lake Street Capital boosted their target price on Lantronix from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Lantronix presently has a consensus rating of “Buy” and a consensus price target of $4.17.

About Lantronix

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.