Saleel Awsare Acquires 80,000 Shares of Lantronix, Inc. (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare purchased 80,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were purchased at an average cost of $2.66 per share, with a total value of $212,800.00. Following the transaction, the chief executive officer now directly owns 233,184 shares in the company, valued at $620,269.44. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Lantronix Price Performance

Shares of LTRX stock opened at $2.66 on Thursday. The business’s fifty day moving average is $3.88 and its 200 day moving average is $3.76. The company has a quick ratio of 2.03, a current ratio of 2.61 and a debt-to-equity ratio of 0.16. The stock has a market cap of $102.33 million, a price-to-earnings ratio of -19.00 and a beta of 2.14. Lantronix, Inc. has a twelve month low of $2.48 and a twelve month high of $6.95.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The firm had revenue of $49.08 million during the quarter, compared to the consensus estimate of $49.10 million. Lantronix had a negative return on equity of 2.91% and a negative net margin of 3.17%. Research analysts expect that Lantronix, Inc. will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Lantronix

A number of institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in Lantronix by 30.4% in the 2nd quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock valued at $2,323,000 after acquiring an additional 152,400 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Lantronix by 65.0% during the second quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock valued at $3,036,000 after purchasing an additional 336,781 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Lantronix by 18.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock worth $3,629,000 after acquiring an additional 159,671 shares during the period. Herald Investment Management Ltd boosted its stake in shares of Lantronix by 17.6% during the 2nd quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company’s stock worth $3,550,000 after acquiring an additional 150,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Lantronix by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock valued at $4,995,000 after acquiring an additional 131,476 shares during the period. Hedge funds and other institutional investors own 39.38% of the company’s stock.

Analyst Ratings Changes

LTRX has been the subject of a number of analyst reports. StockNews.com lowered shares of Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday. Needham & Company LLC dropped their price objective on Lantronix from $7.00 to $5.50 and set a “buy” rating for the company in a report on Monday. Finally, Canaccord Genuity Group cut their price objective on Lantronix from $7.50 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $6.50.

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.