Lantronix (NASDAQ:LTRX) CEO Purchases $77,700.00 in Stock

Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare acquired 15,000 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were bought at an average price of $5.18 per share, for a total transaction of $77,700.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Lantronix Trading Up 3.6%

LTRX stock opened at $5.24 on Friday. Lantronix, Inc. has a one year low of $4.37 and a one year high of $8.75. The firm has a 50-day moving average of $5.60 and a two-hundred day moving average of $6.01. The firm has a market capitalization of $244.76 million, a PE ratio of -47.64 and a beta of 1.66.

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

Hedge Funds Weigh In On Lantronix

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Lantronix by 2.8% in the third quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock valued at $6,795,000 after acquiring an additional 40,890 shares during the last quarter. AWM Investment Company Inc. acquired a new position in shares of Lantronix during the 2nd quarter worth $7,350,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Lantronix by 41.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company’s stock valued at $4,952,000 after purchasing an additional 275,842 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Lantronix by 8.8% during the 1st quarter. Renaissance Technologies LLC now owns 690,194 shares of the technology company’s stock valued at $3,617,000 after purchasing an additional 56,000 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Lantronix by 9.7% in the 4th quarter. Marshall Wace LLP now owns 678,929 shares of the technology company’s stock valued at $3,979,000 after purchasing an additional 59,866 shares during the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

Wall Street Analyst Weigh In

LTRX has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 target price on shares of Lantronix in a research report on Thursday, August 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research note on Friday, July 17th. Wall Street Zen upgraded Lantronix from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Canaccord Genuity Group lifted their target price on Lantronix from $10.50 to $11.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, UBS Group reiterated a “buy” rating on shares of Lantronix in a report on Friday, June 12th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.