Insider Buying: Lantronix, Inc. (NASDAQ:LTRX) CEO Buys $212,800.00 in Stock

Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare bought 80,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was purchased at an average price of $2.66 per share, with a total value of $212,800.00. Following the transaction, the chief executive officer now owns 233,184 shares in the company, valued at $620,269.44. The trade was a 52.22 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Lantronix Stock Up 0.4 %

LTRX opened at $2.83 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.03 and a current ratio of 2.61. The company has a market capitalization of $108.87 million, a PE ratio of -20.21 and a beta of 2.14. The stock’s fifty day moving average is $3.85 and its 200-day moving average is $3.75. Lantronix, Inc. has a one year low of $2.48 and a one year high of $6.95.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. The firm had revenue of $49.08 million for the quarter, compared to analysts’ expectations of $49.10 million. Lantronix had a negative net margin of 3.17% and a negative return on equity of 2.91%. On average, equities analysts predict that Lantronix, Inc. will post -0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LTRX. Canaccord Genuity Group decreased their price objective on Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a report on Tuesday. Needham & Company LLC lowered their price target on Lantronix from $7.00 to $5.50 and set a “buy” rating on the stock in a report on Monday, November 11th. Finally, StockNews.com downgraded shares of Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $6.50.

Institutional Trading of Lantronix

A number of large investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Lantronix by 235.9% during the third quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock valued at $257,000 after purchasing an additional 43,770 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Lantronix during the third quarter valued at about $60,000. Walleye Capital LLC lifted its stake in Lantronix by 61.9% during the third quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock valued at $294,000 after buying an additional 27,325 shares in the last quarter. Mackenzie Financial Corp purchased a new position in shares of Lantronix in the second quarter worth approximately $50,000. Finally, Marshall Wace LLP raised its holdings in shares of Lantronix by 260.2% during the second quarter. Marshall Wace LLP now owns 160,270 shares of the technology company’s stock valued at $569,000 after acquiring an additional 115,772 shares during the period. 39.38% of the stock is currently owned by institutional investors.

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.