NASDAQ:LTRX - Get Free Report ) CEO Saleel Awsare bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average cost of $3.66 per share, with a total value of $36,600.00. Following the completion of the acquisition, the chief executive officer now owns 30,000 shares of the company's stock, valued at approximately $109,800. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink .
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Saleel Awsare also recently made the following trade(s):
On Tuesday, February 13th, Saleel Awsare bought 20,000 shares of Lantronix stock. The shares were acquired at an average price of $3.91 per share, for a total transaction of $78,200.00. Lantronix Trading Up 2.7 % Shares of NASDAQ LTRX traded up $0.10 during mid-day trading on Monday, reaching $3.74. The company had a trading volume of 647,053 shares, compared to its average volume of 312,320. The stock has a market cap of $140.55 million, a price-to-earnings ratio of -21.67 and a beta of 2.05. Lantronix, Inc. has a 52 week low of $3.08 and a 52 week high of $6.95. The business's 50-day moving average is $3.54 and its 200-day moving average is $4.74. The company has a current ratio of 2.25, a quick ratio of 1.32 and a debt-to-equity ratio of 0.18.
Lantronix (NASDAQ:LTRX - Get Free Report ) last issued its earnings results on Thursday, February 8th. The technology company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.06). The company had revenue of $37.04 million during the quarter, compared to the consensus estimate of $37.20 million. Lantronix had a negative return on equity of 8.47% and a negative net margin of 4.48%. Equities analysts expect that Lantronix, Inc. will post -0.06 earnings per share for the current year.
Analyst Upgrades and Downgrades Several equities research analysts have weighed in on the company. Lake Street Capital reduced their price objective on Lantronix from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Tuesday, April 30th. Roth Mkm restated a "buy" rating and set a $9.00 price target on shares of Lantronix in a report on Tuesday, April 30th. StockNews.com raised shares of Lantronix from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 13th. Needham & Company LLC reissued a "buy" rating and issued a $7.00 target price on shares of Lantronix in a research note on Tuesday, April 30th. Finally, Craig Hallum dropped their price target on shares of Lantronix from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Tuesday, April 30th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Lantronix has an average rating of "Buy" and an average target price of $8.50.
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Institutional Inflows and Outflows A number of institutional investors have recently added to or reduced their stakes in LTRX. AMH Equity Ltd boosted its stake in shares of Lantronix by 16.0% during the fourth quarter. AMH Equity Ltd now owns 1,321,234 shares of the technology company's stock valued at $7,742,000 after purchasing an additional 182,552 shares in the last quarter. Wasatch Advisors LP lifted its holdings in Lantronix by 11.4% during the fourth quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company's stock worth $9,507,000 after buying an additional 165,711 shares during the period. Barclays PLC bought a new stake in Lantronix during the 3rd quarter valued at $176,000. Hillsdale Investment Management Inc. purchased a new position in shares of Lantronix in the 4th quarter valued at $148,000. Finally, Quadrature Capital Ltd bought a new position in shares of Lantronix in the 3rd quarter worth $109,000. Hedge funds and other institutional investors own 39.38% of the company's stock.
Lantronix Company Profile (
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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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