Insider Buying: Lantronix, Inc. (NASDAQ:LTRX) Director Acquires 10,000 Shares of Stock

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) Director Hoshi Printer purchased 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were acquired at an average cost of $2.28 per share, for a total transaction of $22,800.00. Following the purchase, the director now owns 211,224 shares of the company's stock, valued at $481,590.72. This represents a 4.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hoshi Printer also recently made the following trade(s):

• On Wednesday, March 5th, Hoshi Printer bought 15,000 shares of Lantronix stock. The shares were acquired at an average price of $2.70 per share, for a total transaction of $40,500.00.

Lantronix Trading Down 0.6%

NASDAQ:LTRX traded down $0.02 during mid-day trading on Tuesday, reaching $2.30. The company's stock had a trading volume of 9,230 shares, compared to its average volume of 317,569. The company's fifty day simple moving average is $2.28 and its two-hundred day simple moving average is $2.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.56 and a quick ratio of 1.69. Lantronix, Inc. has a twelve month low of $1.91 and a twelve month high of $4.55. The stock has a market cap of $89.25 million, a P/E ratio of -17.65 and a beta of 1.49.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Lake Street Capital reduced their price target on shares of Lantronix from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Friday, May 9th. StockNews.com lowered shares of Lantronix from a "buy" rating to a "hold" rating in a report on Monday, May 12th. Needham & Company LLC lowered their price objective on Lantronix from $5.50 to $4.50 and set a "buy" rating for the company in a research report on Monday, May 12th. Finally, Canaccord Genuity Group lowered their price target on Lantronix from $4.50 to $3.00 and set a "buy" rating for the company in a report on Monday, May 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $5.13.

Institutional Investors Weigh In On Lantronix

Hedge funds have recently modified their holdings of the stock. Amundi acquired a new position in shares of Lantronix in the 4th quarter worth approximately $42,000. Balyasny Asset Management L.P. acquired a new position in Lantronix during the fourth quarter valued at $79,000. Wolverine Trading LLC acquired a new position in Lantronix during the fourth quarter valued at $95,000. Algert Global LLC grew its stake in Lantronix by 49.5% in the fourth quarter. Algert Global LLC now owns 27,728 shares of the technology company's stock valued at $114,000 after purchasing an additional 9,180 shares in the last quarter. Finally, Manatuck Hill Partners LLC bought a new stake in shares of Lantronix during the 4th quarter worth about $166,000. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

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.