Lantronix (NASDAQ:LTRX) CEO Saleel Awsare Acquires 15,000 Shares

Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare bought 15,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was purchased at an average cost 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 $2,348,513.58. This trade represents a 3.42% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Lantronix Stock Performance

Lantronix stock opened at $5.06 on Thursday. Lantronix, Inc. has a 52 week low of $4.37 and a 52 week high of $8.75. The stock has a market capitalization of $236.35 million, a P/E ratio of -46.00 and a beta of 1.66. The stock has a 50-day simple moving average of $5.61 and a 200 day simple moving average of $6.02.

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, topping analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $31.15 million for the quarter, compared to the consensus estimate of $30.69 million. Lantronix had a negative return on equity of 4.88% and a negative net margin of 3.46%.Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. Research analysts forecast that Lantronix, Inc. will post 0.1 earnings per share for the current year.

Institutional Trading of Lantronix

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its stake in shares of Lantronix by 19.7% in the first quarter. Jane Street Group LLC now owns 71,293 shares of the technology company’s stock valued at $178,000 after acquiring an additional 11,728 shares in the last quarter. XTX Topco Ltd acquired a new stake in Lantronix in the 2nd quarter worth about $86,000. Marshall Wace LLP boosted its holdings in Lantronix by 10.6% in the 2nd quarter. Marshall Wace LLP now owns 446,164 shares of the technology company’s stock valued at $1,280,000 after purchasing an additional 42,838 shares during the period. Manatuck Hill Partners LLC bought a new stake in Lantronix in the 2nd quarter valued at about $302,000. Finally, Vanguard Group Inc. grew its position in shares of Lantronix by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock worth $6,795,000 after purchasing an additional 40,890 shares in the last quarter. 39.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JonesTrading started coverage on Lantronix in a research note on Wednesday, July 15th. They issued a “buy” rating and a $12.00 price target on the stock. Canaccord Genuity Group lifted their price objective on shares of Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of Lantronix from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price objective on shares of Lantronix in a research report on Thursday, August 27th. Finally, UBS Group restated a “buy” rating on shares of Lantronix in a research note on Friday, June 12th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Lantronix has a consensus rating of “Moderate Buy” and a consensus price target of $10.40.

About Lantronix

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.