Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare Purchases 15,011 Shares of Stock

Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare bought 15,011 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were acquired at an average cost of $2.11 per share, for a total transaction of $31,673.21. Following the completion of the acquisition, the chief executive officer now directly owns 268,391 shares of the company’s stock, valued at $566,305.01. This trade represents a 5.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, February 28th, Saleel Awsare bought 15,000 shares of Lantronix stock. The shares were acquired at an average cost of $2.53 per share, for a total transaction of $37,950.00.

Lantronix Stock Up 4.4%

LTRX stock opened at $2.14 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 2.56 and a debt-to-equity ratio of 0.15. Lantronix, Inc. has a fifty-two week low of $1.91 and a fifty-two week high of $4.55. The firm’s 50-day simple moving average is $2.31 and its 200 day simple moving average is $3.04. The stock has a market cap of $83.01 million, a PE ratio of -16.46 and a beta of 1.49.

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

Institutional Trading of Lantronix

Large investors have recently modified their holdings of the company. Amundi acquired a new stake in shares of Lantronix in the 4th quarter worth approximately $42,000. Balyasny Asset Management L.P. acquired a new position in shares of Lantronix during the fourth quarter valued at approximately $79,000. Wolverine Trading LLC acquired a new position in shares of Lantronix during the fourth quarter valued at approximately $95,000. Algert Global LLC increased its stake in shares of Lantronix by 49.5% during the fourth quarter. Algert Global LLC now owns 27,728 shares of the technology company’s stock valued at $114,000 after acquiring an additional 9,180 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Lantronix by 23.6% during the first quarter. American Century Companies Inc. now owns 54,318 shares of the technology company’s stock valued at $135,000 after acquiring an additional 10,381 shares during the period. Institutional investors and hedge funds own 39.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LTRX shares. Needham & Company LLC dropped their target price on shares of Lantronix from $5.50 to $4.50 and set a “buy” rating on the stock in a report on Monday. Lake Street Capital dropped their target price on shares of Lantronix from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday, May 9th. StockNews.com cut shares of Lantronix from a “buy” rating to a “hold” rating in a report on Monday. Finally, Canaccord Genuity Group dropped their price objective on shares of Lantronix from $4.50 to $3.00 and set a “buy” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.13.

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.