Bernhard Bruscha Sells 12,993 Shares of Lantronix (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRX) major shareholder Bernhard Bruscha sold 12,993 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $4.64, for a total transaction of $60,287.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, September 2nd, Bernhard Bruscha sold 10,000 shares of Lantronix stock. The stock was sold at an average price of $5.03, for a total transaction of $50,300.00.

Lantronix Stock Performance

NASDAQ LTRX opened at $4.49 on Wednesday. Lantronix, Inc. has a 52-week low of $1.91 and a 52-week high of $5.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.68 and a current ratio of 2.54. The company has a market capitalization of $175.78 million, a P/E ratio of -14.97 and a beta of 1.44. The company has a fifty day moving average of $3.44 and a 200-day moving average of $2.75.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $4.50 price objective on shares of Lantronix in a report on Thursday, August 28th. Lake Street Capital lifted their price objective on shares of Lantronix from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Lantronix presently has a consensus rating of “Buy” and a consensus price target of $4.17.

Hedge Funds Weigh In On Lantronix

Large investors have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new position in Lantronix in the 2nd quarter worth $32,000. Atria Wealth Solutions Inc. purchased a new position in Lantronix in the 2nd quarter worth $60,000. Balyasny Asset Management L.P. purchased a new position in Lantronix in the 4th quarter worth $79,000. XTX Topco Ltd purchased a new position in Lantronix in the 2nd quarter worth $86,000. Finally, Wolverine Trading LLC purchased a new position in Lantronix in the 4th quarter worth $95,000. Hedge funds and other institutional investors own 39.38% of the company’s stock.

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.