Bernhard Bruscha Sells 12,993 Shares of Lantronix (NASDAQ:LTRX) 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 the company's 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 accessible through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions 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 value of $50,300.00.

Lantronix Trading Down 2.6%

LTRX stock traded down $0.12 during midday trading on Friday, reaching $4.45. 366,441 shares of the company traded hands, compared to its average volume of 716,194. Lantronix, Inc. has a 52-week low of $1.91 and a 52-week high of $5.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.68 and a current ratio of 2.54. The business has a 50 day moving average of $3.53 and a 200-day moving average of $2.79. The firm has a market capitalization of $174.22 million, a price-to-earnings ratio of -14.83 and a beta of 1.44.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. R Squared Ltd purchased a new position in Lantronix during the 2nd quarter worth $32,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Lantronix in the 2nd quarter worth $60,000. Balyasny Asset Management L.P. acquired a new stake in shares of Lantronix in the 4th quarter worth $79,000. XTX Topco Ltd acquired a new stake in shares of Lantronix in the 2nd quarter worth $86,000. Finally, Wolverine Trading LLC acquired a new stake in Lantronix during the 4th quarter worth about $95,000. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Lake Street Capital increased their price target on Lantronix from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Needham & Company LLC reiterated a "buy" rating and issued a $4.50 price target on shares of Lantronix in a report on Thursday, August 28th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $4.17.

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.