Saleel Awsare Buys 15,000 Shares of Lantronix, Inc. (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare bought 15,000 shares of Lantronix stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $2.53 per share, for a total transaction of $37,950.00. Following the purchase, the chief executive officer now owns 253,380 shares of the company’s stock, valued at approximately $641,051.40. This trade represents a 6.29 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Lantronix Trading Up 9.1 %

NASDAQ LTRX opened at $2.75 on Wednesday. The company’s 50-day simple moving average is $3.56 and its two-hundred day simple moving average is $3.60. Lantronix, Inc. has a one year low of $2.48 and a one year high of $4.55. The company has a market capitalization of $106.67 million, a price-to-earnings ratio of -21.15 and a beta of 1.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.69 and a current ratio of 2.56.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.13). Lantronix had a negative net margin of 3.15% and a negative return on equity of 2.62%. Equities analysts forecast that Lantronix, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in Lantronix by 16.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,323,971 shares of the technology company’s stock valued at $5,455,000 after purchasing an additional 186,479 shares during the last quarter. Truffle Hound Capital LLC bought a new stake in shares of Lantronix in the 4th quarter valued at about $4,120,000. Marshall Wace LLP boosted its holdings in shares of Lantronix by 16.5% in the 4th quarter. Marshall Wace LLP now owns 483,868 shares of the technology company’s stock valued at $1,994,000 after buying an additional 68,669 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Lantronix by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company’s stock worth $1,394,000 after buying an additional 10,413 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Lantronix by 3.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 284,108 shares of the technology company’s stock worth $1,171,000 after acquiring an additional 8,992 shares in the last quarter. 39.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on LTRX shares. StockNews.com downgraded shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.50 target price on shares of Lantronix in a research report on Tuesday, January 21st. Canaccord Genuity Group decreased their price target on shares of Lantronix from $5.00 to $4.50 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, Lake Street Capital reduced their price objective on Lantronix from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $6.00.

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.