Bernhard Bruscha Sells 25,000 Shares of Lantronix, Inc. (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRX) major shareholder Bernhard Bruscha sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $4.17, for a total transaction of $104,250.00. Following the completion of the sale, the insider now directly owns 5,218,971 shares in the company, valued at $21,763,109.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 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 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 transaction of $136,641.60.
• On Tuesday, September 10th, Bernhard Bruscha sold 8,435 shares of Lantronix stock. The shares were 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 shares were sold at an average price of $4.04, for a total value of $96,753.96.

Lantronix Stock Down 1.5 %

Shares of Lantronix stock opened at $3.95 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.03 and a current ratio of 2.95. Lantronix, Inc. has a 52-week low of $3.08 and a 52-week high of $6.95. The company’s 50 day moving average price is $3.78 and its 200-day moving average price is $3.67. The stock has a market capitalization of $148.44 million, a price-to-earnings ratio of -22.17 and a beta of 2.12.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%. The business had revenue of $49.08 million for the quarter, compared to analyst estimates of $49.10 million. Equities research analysts forecast that Lantronix, Inc. will post -0.01 EPS for the current year.

Hedge Funds Weigh In On Lantronix

Several hedge funds have recently made changes to their positions in the business. Wasatch Advisors LP boosted its holdings in Lantronix by 11.4% in the fourth quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock valued at $9,507,000 after acquiring an additional 165,711 shares in the last quarter. Vanguard Group Inc. raised its stake in Lantronix by 10.3% in the first quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock worth $4,995,000 after buying an additional 131,476 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 buying an additional 159,671 shares in the last quarter. Herald Investment Management Ltd lifted its holdings in Lantronix by 17.6% in the second quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company’s stock worth $3,550,000 after buying an additional 150,000 shares during the period. Finally, AWM Investment Company Inc. grew its holdings in shares of Lantronix by 29.8% during the 1st quarter. AWM Investment Company Inc. now owns 989,307 shares of the technology company’s stock worth $3,522,000 after acquiring an additional 227,374 shares during the period. 39.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Roth Mkm reiterated a “buy” rating and set a $9.00 price target on shares of Lantronix in a research report on Monday, June 17th. StockNews.com raised shares of Lantronix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 25th. Canaccord Genuity Group assumed coverage on shares of Lantronix in a research note on Wednesday, September 11th. They issued a “buy” rating and a $7.50 price target for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $7.00 price target on shares of Lantronix in a research report on Friday, September 6th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $7.30.

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.