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

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

Lantronix Price Performance

NASDAQ:LTRX opened at $2.66 on Thursday. Lantronix, Inc. has a 52-week low of $2.48 and a 52-week high of $6.95. The stock has a fifty day moving average of $3.88 and a 200 day moving average of $3.76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.03 and a current ratio of 2.61. The firm has a market capitalization of $102.33 million, a price-to-earnings ratio of -19.00 and a beta of 2.14.

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

Institutional Investors Weigh In On Lantronix

Several hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC purchased a new position in Lantronix in the 2nd quarter worth $42,000. Mackenzie Financial Corp bought a new position in shares of Lantronix during the second quarter valued at about $50,000. SG Americas Securities LLC purchased a new position in shares of Lantronix in the first quarter worth about $55,000. American Century Companies Inc. lifted its stake in shares of 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 last quarter. Finally, Heron Bay Capital Management purchased a new stake in Lantronix during the 1st quarter valued at about $226,000. Institutional investors own 39.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LTRX shares. Canaccord Genuity Group dropped their price objective on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com downgraded shares of Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday. 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. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Lantronix currently has a consensus rating of “Buy” and an average price target 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.