Mathi Gurusamy Sells 14,467 Shares of Lantronix (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRX) insider Mathi Gurusamy sold 14,467 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $6.21, for a total transaction of $89,840.07. Following the completion of the transaction, the insider owned 55,569 shares in the company, valued at approximately $345,083.49. This trade represents a 20.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Lantronix Stock Performance

LTRX traded up $0.15 during trading on Friday, reaching $6.32. 596,814 shares of the company’s stock were exchanged, compared to its average volume of 585,917. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.75 and a quick ratio of 1.79. Lantronix, Inc. has a 1 year low of $1.91 and a 1 year high of $8.24. The company’s fifty day simple moving average is $6.21 and its 200-day simple moving average is $5.46. The stock has a market capitalization of $250.85 million, a P/E ratio of -26.33 and a beta of 1.53.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $29.77 million for the quarter, compared to the consensus estimate of $29.94 million. Lantronix had a negative net margin of 7.90% and a negative return on equity of 10.37%. Lantronix has set its Q3 2026 guidance at 0.030-0.060 EPS. As a group, research analysts predict that Lantronix, Inc. will post -0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lantronix

Hedge funds have recently bought and sold shares of the business. Invesco Ltd. acquired a new stake in Lantronix in the fourth quarter valued at approximately $68,000. Occudo Quantitative Strategies LP raised its stake in shares of Lantronix by 79.8% during the 4th quarter. Occudo Quantitative Strategies LP now owns 47,227 shares of the technology company’s stock worth $277,000 after buying an additional 20,965 shares during the period. Millennium Management LLC raised its stake in shares of Lantronix by 121.0% during the 4th quarter. Millennium Management LLC now owns 272,512 shares of the technology company’s stock worth $1,597,000 after buying an additional 149,194 shares during the period. Engineers Gate Manager LP lifted its position in shares of Lantronix by 79.1% during the 4th quarter. Engineers Gate Manager LP now owns 20,964 shares of the technology company’s stock valued at $123,000 after buying an additional 9,256 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Lantronix during the 4th quarter valued at approximately $86,000. Hedge funds and other institutional investors own 39.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LTRX shares. Needham & Company LLC increased their price target on Lantronix from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Wall Street Zen raised Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Lake Street Capital upped their target price on Lantronix from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Craig Hallum reaffirmed a “buy” rating and set a $10.00 target price on shares of Lantronix in a report on Thursday, February 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Lantronix has a consensus rating of “Moderate Buy” and a consensus price target of $7.38.

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.