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

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) CEO Saleel Awsare acquired 15,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $2.53 per share, with a total value of $37,950.00. Following the purchase, the chief executive officer now directly owns 253,380 shares in the company, valued at approximately $641,051.40. This trade represents a 6.29 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Lantronix Stock Up 1.5 %

LTRX traded up $0.04 during midday trading on Thursday, hitting $2.74. 295,884 shares of the company's stock traded hands, compared to its average volume of 446,732. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.56 and a quick ratio of 1.69. The company has a market cap of $106.28 million, a PE ratio of -21.08 and a beta of 1.94. Lantronix, Inc. has a one year low of $2.48 and a one year high of $4.55. The stock's fifty day simple moving average is $3.52 and its 200-day simple moving average is $3.59.

Lantronix (NASDAQ:LTRX - Get Free Report) last released 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%. As a group, equities analysts anticipate that Lantronix, Inc. will post -0.23 earnings per share for the current fiscal year.

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Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Lantronix

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amundi bought a new position in shares of Lantronix in the fourth quarter valued at approximately $42,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Lantronix during the 3rd quarter worth $60,000. Balyasny Asset Management L.P. bought a new stake in Lantronix during the fourth quarter valued at about $79,000. Wolverine Trading LLC bought a new stake in Lantronix during the fourth quarter valued at about $95,000. Finally, Algert Global LLC grew its position in shares of Lantronix by 49.5% in the fourth quarter. Algert Global LLC now owns 27,728 shares of the technology company's stock valued at $114,000 after purchasing an additional 9,180 shares during the last quarter. 39.38% of the stock is currently owned by institutional investors and hedge funds.

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.