Lantronix (NASDAQ:LTRX) CEO Buys 15,000 Shares

Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was purchased at an average price of $5.18 per share, for a total transaction of $77,700.00. Following the completion of the acquisition, the chief executive officer owned 453,381 shares in the company, valued at approximately $2,348,513.58. This trade represents a 3.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Lantronix Stock Performance

Shares of NASDAQ:LTRX traded down $0.21 during trading on Wednesday, reaching $5.06. 634,267 shares of the stock were exchanged, compared to its average volume of 1,033,760. The firm’s 50-day moving average price is $5.63 and its 200 day moving average price is $6.02. The firm has a market cap of $236.33 million, a price-to-earnings ratio of -46.00 and a beta of 1.66. Lantronix, Inc. has a 12-month low of $4.37 and a 12-month high of $8.75.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Lantronix had a negative net margin of 3.46% and a negative return on equity of 4.88%. The firm had revenue of $31.15 million for the quarter, compared to analysts’ expectations of $30.69 million. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. As a group, equities research analysts forecast that Lantronix, Inc. will post 0.1 EPS for the current year.

Institutional Trading of Lantronix

Several hedge funds have recently bought and sold shares of LTRX. WINTON GROUP Ltd grew its position in Lantronix by 59.4% in the 2nd quarter. WINTON GROUP Ltd now owns 82,148 shares of the technology company’s stock worth $483,000 after purchasing an additional 30,626 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Lantronix by 215.5% during the second quarter. Squarepoint Ops LLC now owns 254,886 shares of the technology company’s stock valued at $1,499,000 after purchasing an additional 174,086 shares in the last quarter. AWM Investment Company Inc. acquired a new stake in Lantronix in the second quarter worth about $7,350,000. Globeflex Capital L P bought a new position in Lantronix in the 2nd quarter valued at about $76,000. Finally, Bank of New York Mellon Corp acquired a new position in Lantronix during the 2nd quarter valued at about $937,000. 39.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on LTRX shares. Wall Street Zen raised shares of Lantronix from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Needham & Company LLC reiterated a “buy” rating and set a $11.00 target price on shares of Lantronix in a report on Thursday, August 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research report on Friday, July 17th. Canaccord Genuity Group upped their price target on Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, JonesTrading began coverage on shares of Lantronix in a research report on Wednesday, July 15th. They issued a “buy” rating and a $12.00 price objective for the company. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.40.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.