Lantronix, Inc. (NASDAQ:LTRX) Director Kevin S. Palatnik Acquires 20,000 Shares

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) Director Kevin S. Palatnik acquired 20,000 shares of the firm's stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $2.54 per share, for a total transaction of $50,800.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company's stock, valued at approximately $50,800. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Lantronix Trading Up 2.6 %

NASDAQ LTRX traded up $0.07 on Friday, reaching $2.81. 302,322 shares of the company were exchanged, compared to its average volume of 443,473. The company has a current ratio of 2.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.15. The business's fifty day moving average price is $3.49 and its 200 day moving average price is $3.58. The stock has a market capitalization of $109.00 million, a P/E ratio of -21.62 and a beta of 1.94. Lantronix, Inc. has a fifty-two week low of $2.48 and a fifty-two week high of $4.55.

Lantronix (NASDAQ:LTRX - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.06) earnings per share 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%. Analysts forecast that Lantronix, Inc. will post -0.23 earnings per share for the current year.

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Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its position in Lantronix by 3.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 284,108 shares of the technology company's stock valued at $1,171,000 after buying an additional 8,992 shares during the last quarter. Algert Global LLC increased its position 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 last quarter. Geode Capital Management LLC raised its stake 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 valued at $1,394,000 after acquiring an additional 10,413 shares during the period. Amundi acquired a new position in shares of Lantronix in the 4th quarter worth approximately $42,000. Finally, American Century Companies Inc. boosted its position in shares of Lantronix by 43.9% during the 4th quarter. American Century Companies Inc. now owns 43,937 shares of the technology company's stock worth $181,000 after purchasing an additional 13,402 shares during the period. 39.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LTRX shares. Lake Street Capital reduced their target price on Lantronix from $6.00 to $5.00 and set a "buy" rating for the company in a report on Friday, February 7th. StockNews.com cut Lantronix from a "strong-buy" rating to a "buy" rating in a research report on Monday, November 11th. Needham & Company LLC restated a "buy" rating and issued a $5.50 price objective on shares of Lantronix in a report on Tuesday, January 21st. Finally, Canaccord Genuity Group dropped their target price on shares of Lantronix from $5.00 to $4.50 and set a "buy" rating for the company in a report on Friday, February 7th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $6.00.

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.