Insider Selling: Lantronix (NASDAQ:LTRX) Major Shareholder Sells 12,993 Shares of Stock

Key Points

• Bernhard Bruscha, a major shareholder of Lantronix, sold 12,993 shares at an average price of $4.64, totaling $60,287.52 in value.
• The stock's price performance showed a recent increase, trading at $4.77 with a 50-day moving average of $3.40, reflecting significant growth potential.
• Analysts have mixed ratings on Lantronix, with a consensus rating of "Buy" and target prices ranging from $3.00 to $5.00.

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) major shareholder Bernhard Bruscha sold 12,993 shares of Lantronix stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $4.64, for a total value of $60,287.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Bernhard Bruscha also recently made the following trade(s):

• On Tuesday, September 2nd, Bernhard Bruscha sold 10,000 shares of Lantronix stock. The shares were sold at an average price of $5.03, for a total transaction of $50,300.00.

Lantronix Price Performance

Shares of Lantronix stock traded up $0.05 during trading hours on Monday, reaching $4.77. The stock had a trading volume of 364,722 shares, compared to its average volume of 666,639. The stock's 50 day moving average is $3.40 and its 200 day moving average is $2.74. The company has a current ratio of 2.54, a quick ratio of 1.68 and a debt-to-equity ratio of 0.12. Lantronix, Inc. has a twelve month low of $1.91 and a twelve month high of $5.06. The firm has a market capitalization of $186.75 million, a PE ratio of -15.90 and a beta of 1.43.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LTRX. Needham & Company LLC restated a "buy" rating and set a $4.50 target price on shares of Lantronix in a report on Thursday, August 28th. Canaccord Genuity Group lowered their price objective on Lantronix from $4.50 to $3.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Lake Street Capital upped their target price on Lantronix from $4.00 to $5.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Finally, Wall Street Zen lowered Lantronix from a "buy" rating to a "hold" rating in a report on Monday, May 12th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $4.17.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Manatuck Hill Partners LLC purchased a new position in Lantronix during the 2nd quarter valued at about $302,000. Marshall Wace LLP lifted its position in shares of Lantronix by 10.6% during the second quarter. Marshall Wace LLP now owns 446,164 shares of the technology company's stock worth $1,280,000 after purchasing an additional 42,838 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of Lantronix during the second quarter worth about $268,000. XTX Topco Ltd purchased a new position in shares of Lantronix in the second quarter valued at approximately $86,000. Finally, AMH Equity Ltd grew its holdings in shares of Lantronix by 24.5% in the second quarter. AMH Equity Ltd now owns 250,000 shares of the technology company's stock valued at $718,000 after purchasing an additional 49,219 shares in the last quarter. Institutional investors and hedge funds own 39.38% of the company's stock.

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.

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