Mathi Gurusamy Sells 14,467 Shares of Lantronix (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRX) insider Mathi Gurusamy sold 14,467 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $6.21, for a total transaction of $89,840.07. Following the completion of the transaction, the insider directly owned 55,569 shares in the company, valued at approximately $345,083.49. This represents a 20.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lantronix Trading Up 2.4%

Shares of NASDAQ:LTRX opened at $6.32 on Friday. Lantronix, Inc. has a 12-month low of $1.91 and a 12-month high of $8.24. The business has a 50 day moving average of $6.21 and a 200-day moving average of $5.47. The company has a quick ratio of 1.79, a current ratio of 2.75 and a debt-to-equity ratio of 0.13. The stock has a market cap of $250.84 million, a PE ratio of -26.33 and a beta of 1.53.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $29.77 million during the quarter, compared to analysts’ expectations of $29.94 million. Lantronix had a negative return on equity of 10.37% and a negative net margin of 7.90%.Lantronix has set its Q3 2026 guidance at 0.030-0.060 EPS. As a group, equities research analysts forecast that Lantronix, Inc. will post -0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LTRX. Lake Street Capital lifted their price objective on shares of Lantronix from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Wall Street Zen raised Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lantronix in a research report on Thursday, January 22nd. Needham & Company LLC raised their price target on Lantronix from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $10.00 price objective on shares of Lantronix in a research report on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.38.

Institutional Trading of Lantronix

A number of hedge funds and other institutional investors have recently modified their holdings of LTRX. Invesco Ltd. acquired a new position in shares of Lantronix during the fourth quarter worth $68,000. Occudo Quantitative Strategies LP increased its holdings in Lantronix by 79.8% in the 4th quarter. Occudo Quantitative Strategies LP now owns 47,227 shares of the technology company’s stock worth $277,000 after purchasing an additional 20,965 shares in the last quarter. Millennium Management LLC raised its position in Lantronix by 121.0% in the fourth quarter. Millennium Management LLC now owns 272,512 shares of the technology company’s stock valued at $1,597,000 after purchasing an additional 149,194 shares during the last quarter. Engineers Gate Manager LP boosted its stake in shares of Lantronix by 79.1% during the fourth quarter. Engineers Gate Manager LP now owns 20,964 shares of the technology company’s stock valued at $123,000 after purchasing an additional 9,256 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Lantronix during the fourth quarter valued at about $86,000. Institutional investors own 39.38% of the company’s stock.

About Lantronix

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.