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

Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare acquired 80,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average price of $2.66 per share, with a total value of $212,800.00. Following the completion of the transaction, the chief executive officer now directly owns 233,184 shares in the company, valued at approximately $620,269.44. This trade represents a 52.22 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Lantronix Trading Up 0.4 %

Shares of NASDAQ:LTRX opened at $2.83 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.03 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $108.87 million, a PE ratio of -20.21 and a beta of 2.14. The firm has a fifty day moving average price of $3.85 and a 200 day moving average price of $3.75. Lantronix, Inc. has a 1 year low of $2.48 and a 1 year high of $6.95.

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

Hedge Funds Weigh In On Lantronix

Large investors have recently made changes to their positions in the business. Barclays PLC grew its holdings in Lantronix by 235.9% in the 3rd quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock valued at $257,000 after buying an additional 43,770 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Lantronix in the third quarter worth $60,000. Walleye Capital LLC increased its position in Lantronix by 61.9% during the third quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock worth $294,000 after acquiring an additional 27,325 shares during the period. Mackenzie Financial Corp acquired a new position in Lantronix during the 2nd quarter valued at $50,000. Finally, Marshall Wace LLP raised its stake in Lantronix by 260.2% during the 2nd quarter. Marshall Wace LLP now owns 160,270 shares of the technology company’s stock valued at $569,000 after purchasing an additional 115,772 shares during the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group decreased their target price on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a research note on Tuesday. StockNews.com cut Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC dropped their target price on Lantronix from $7.00 to $5.50 and set a “buy” rating on the stock in a research report on Monday, November 11th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Lantronix presently has an average rating of “Buy” and a consensus target price of $6.50.

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.