Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare Acquires 10,000 Shares

Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $3.66 per share, with a total value of $36,600.00. Following the completion of the purchase, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at approximately $109,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Saleel Awsare also recently made the following trade(s):

• On Tuesday, February 13th, Saleel Awsare acquired 20,000 shares of Lantronix stock. The shares were purchased at an average price of $3.91 per share, for a total transaction of $78,200.00.

Lantronix Stock Performance

NASDAQ:LTRX opened at $3.70 on Wednesday. The stock has a 50 day simple moving average of $3.52 and a 200 day simple moving average of $4.74. The stock has a market cap of $139.05 million, a P/E ratio of -20.56 and a beta of 2.05. Lantronix, Inc. has a 1-year low of $3.08 and a 1-year high of $6.95. The company has a current ratio of 2.25, a quick ratio of 1.32 and a debt-to-equity ratio of 0.18.

Lantronix (NASDAQ:LTRX) last posted its earnings results on Thursday, February 8th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). Lantronix had a negative return on equity of 8.47% and a negative net margin of 4.48%. The firm had revenue of $37.04 million for the quarter, compared to analyst estimates of $37.20 million. Research analysts anticipate that Lantronix, Inc. will post -0.06 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on LTRX shares. StockNews.com raised Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 13th. Craig Hallum decreased their target price on Lantronix from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Needham & Company LLC restated a “buy” rating and issued a $7.00 price target on shares of Lantronix in a research note on Tuesday, April 30th. Roth Mkm reaffirmed a “buy” rating and set a $9.00 price objective on shares of Lantronix in a research report on Tuesday, April 30th. Finally, Lake Street Capital dropped their price objective on shares of Lantronix from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lantronix presently has an average rating of “Buy” and a consensus price target of $8.50.

Institutional Trading of Lantronix

Institutional investors have recently bought and sold shares of the business. Barclays PLC acquired a new stake in shares of Lantronix in the third quarter valued at approximately $176,000. Citigroup Inc. bought a new position in Lantronix during the 3rd quarter worth $35,000. Jump Financial LLC acquired a new position in Lantronix in the 3rd quarter valued at $66,000. Quadrature Capital Ltd bought a new stake in shares of Lantronix during the 3rd quarter valued at $109,000. Finally, Algert Global LLC acquired a new stake in shares of Lantronix during the 3rd quarter worth $50,000. Institutional investors own 39.38% of the company’s stock.

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.