Insider Selling: Lantronix, Inc. (NASDAQ:LTRX) Major Shareholder Sells 20,000 Shares of Stock

Lantronix, Inc. (NASDAQ:LTRX) major shareholder Bernhard Bruscha sold 20,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $4.08, for a total value of $81,600.00. Following the completion of the transaction, the insider now owns 5,198,971 shares in the company, valued at $21,211,801.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Bernhard Bruscha also recently made the following trade(s):

• On Monday, September 30th, Bernhard Bruscha sold 25,000 shares of Lantronix stock. The shares were sold at an average price of $4.17, for a total transaction of $104,250.00.
• On Thursday, September 12th, Bernhard Bruscha sold 31,630 shares of Lantronix stock. The shares were sold at an average price of $4.32, for a total value of $136,641.60.
• On Tuesday, September 10th, Bernhard Bruscha sold 8,435 shares of Lantronix stock. The shares were sold at an average price of $4.00, for a total value of $33,740.00.
• On Wednesday, July 31st, Bernhard Bruscha sold 23,949 shares of Lantronix stock. The shares were sold at an average price of $4.04, for a total value of $96,753.96.

Lantronix Stock Performance

Shares of LTRX traded down $0.11 on Thursday, reaching $4.14. 138,177 shares of the company’s stock traded hands, compared to its average volume of 278,309. The stock’s 50 day simple moving average is $3.81 and its two-hundred day simple moving average is $3.70. The stock has a market cap of $155.58 million, a PE ratio of -23.00 and a beta of 2.13. Lantronix, Inc. has a 52-week low of $3.08 and a 52-week high of $6.95. The company has a current ratio of 2.95, a quick ratio of 2.03 and a debt-to-equity ratio of 0.16.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings data on Thursday, September 5th. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%. The business had revenue of $49.08 million for the quarter, compared to analyst estimates of $49.10 million. On average, analysts forecast that Lantronix, Inc. will post -0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lantronix

Several hedge funds have recently made changes to their positions in LTRX. Vanguard Group Inc. boosted its position in shares of Lantronix by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock valued at $4,995,000 after acquiring an additional 131,476 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Lantronix by 18.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock worth $3,629,000 after acquiring an additional 159,671 shares during the period. Herald Investment Management Ltd raised its position in shares of Lantronix by 17.6% in the 2nd quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company’s stock worth $3,550,000 after acquiring an additional 150,000 shares in the last quarter. AWM Investment Company Inc. lifted its stake in shares of Lantronix by 29.8% in the 1st quarter. AWM Investment Company Inc. now owns 989,307 shares of the technology company’s stock valued at $3,522,000 after purchasing an additional 227,374 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Lantronix by 65.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock valued at $3,036,000 after buying an additional 336,781 shares in the last quarter. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on LTRX shares. StockNews.com upgraded shares of Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 12th. Needham & Company LLC restated a “buy” rating and issued a $7.00 price target on shares of Lantronix in a report on Friday, September 6th. Finally, Canaccord Genuity Group assumed coverage on shares of Lantronix in a report on Wednesday, September 11th. They set a “buy” rating and a $7.50 price objective on the stock. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $7.30.

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.