Bernhard Bruscha Sells 20,000 Shares of Lantronix, Inc. (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRX) major shareholder Bernhard Bruscha sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $4.08, for a total value of $81,600.00. Following the completion of the sale, the insider now owns 5,198,971 shares of the company’s stock, valued at approximately $21,211,801.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, September 30th, Bernhard Bruscha sold 25,000 shares of Lantronix stock. The shares were sold at an average price of $4.17, for a total transaction of $104,250.00.
• On Thursday, September 12th, Bernhard Bruscha sold 31,630 shares of Lantronix stock. The stock was sold at an average price of $4.32, for a total value of $136,641.60.
• On Tuesday, September 10th, Bernhard Bruscha sold 8,435 shares of Lantronix stock. The stock was sold at an average price of $4.00, for a total value of $33,740.00.
• On Wednesday, July 31st, Bernhard Bruscha sold 23,949 shares of Lantronix stock. The stock was sold at an average price of $4.04, for a total value of $96,753.96.

Lantronix Stock Down 2.6 %

Shares of NASDAQ LTRX traded down $0.11 during mid-day trading on Thursday, hitting $4.14. The company had a trading volume of 138,177 shares, compared to its average volume of 278,309. The company has a market capitalization of $155.58 million, a PE ratio of -23.00 and a beta of 2.13. Lantronix, Inc. has a one year low of $3.08 and a one year high of $6.95. The firm has a 50-day simple moving average of $3.81 and a two-hundred day simple moving average of $3.70. The company has a current ratio of 2.95, a quick ratio of 2.03 and a debt-to-equity ratio of 0.16.

Lantronix (NASDAQ:LTRX) last issued its earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $49.08 million during the quarter, compared to the consensus estimate of $49.10 million. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%. On average, equities analysts expect that Lantronix, Inc. will post -0.01 EPS for the current year.

Institutional Investors Weigh In On Lantronix

Large investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC acquired a new position in shares of Lantronix in the second quarter valued at $42,000. Mackenzie Financial Corp bought a new stake in shares of Lantronix during the 2nd quarter worth about $50,000. SG Americas Securities LLC acquired a new position in Lantronix in the 1st quarter valued at about $55,000. American Century Companies Inc. raised its holdings in Lantronix by 27.6% in the 2nd quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock valued at $93,000 after acquiring an additional 5,693 shares during the period. Finally, Heron Bay Capital Management acquired a new stake in Lantronix during the first quarter worth approximately $226,000. Institutional investors own 39.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on LTRX. Needham & Company LLC restated a “buy” rating and issued a $7.00 price objective on shares of Lantronix in a report on Friday, September 6th. StockNews.com raised shares of Lantronix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 12th. Finally, Canaccord Genuity Group initiated coverage on shares of Lantronix in a research report on Wednesday, September 11th. They set a “buy” rating and a $7.50 price objective for the company. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $7.30.

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.