Lantronix (NASDAQ:LTRX) CEO Buys 15,000 Shares

Key Points

• Lantronix CEO Saleel Awsare bought 15,000 shares at an average price of $5.18, investing $77,700 and increasing his direct stake by 3.42% to 453,381 shares.
• Lantronix reported quarterly EPS of $0.04, exceeding the $0.03 analyst estimate, while revenue of $31.15 million also topped expectations. However, the company posted a negative net margin and return on equity.
• Analyst sentiment is generally positive, with six Buy ratings and one Sell rating producing a “Moderate Buy” consensus and an average price target of $10.40, compared with the stock’s recent price near $5.06.

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) CEO Saleel Awsare acquired 15,000 shares of the company's stock in a transaction dated Wednesday, September 9th. The stock was purchased at an average cost of $5.18 per share, with a total value of $77,700.00. Following the completion of the purchase, the chief executive officer directly owned 453,381 shares of the company's stock, valued at approximately $2,348,513.58. This represents a 3.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Lantronix Price Performance

Shares of LTRX stock traded down $0.21 during trading hours on Wednesday, reaching $5.06. 634,267 shares of the stock were exchanged, compared to its average volume of 1,033,760. Lantronix, Inc. has a 12-month low of $4.37 and a 12-month high of $8.75. The business's fifty day moving average is $5.63 and its two-hundred day moving average is $6.02. The firm has a market capitalization of $236.33 million, a P/E ratio of -46.00 and a beta of 1.66.

Lantronix (NASDAQ:LTRX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. The firm had revenue of $31.15 million during the quarter, compared to the consensus estimate of $30.69 million. Lantronix had a negative return on equity of 4.88% and a negative net margin of 3.46%.Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. As a group, equities research analysts predict that Lantronix, Inc. will post 0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LTRX. Weiss Ratings restated a "sell (d-)" rating on shares of Lantronix in a research report on Friday, July 17th. JonesTrading started coverage on shares of Lantronix in a research note on Wednesday, July 15th. They set a "buy" rating and a $12.00 price target on the stock. Canaccord Genuity Group lifted their price target on shares of Lantronix from $10.50 to $11.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Wall Street Zen raised shares of Lantronix from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. Finally, Needham & Company LLC restated a "buy" rating and set a $11.00 target price on shares of Lantronix in a research report on Thursday, August 27th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $10.40.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Invesco Ltd. acquired a new position in Lantronix during the fourth quarter worth approximately $68,000. Globeflex Capital L P acquired a new position in shares of Lantronix in the 2nd quarter valued at $76,000. Bridgeway Capital Management LLC purchased a new stake in shares of Lantronix during the 3rd quarter valued at $85,000. Balyasny Asset Management L.P. purchased a new stake in shares of Lantronix during the 4th quarter valued at $86,000. Finally, XTX Topco Ltd acquired a new stake in shares of Lantronix during the 2nd quarter worth $86,000. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

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.

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