Saleel Awsare Acquires 15,000 Shares of Lantronix (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRX) CEO Saleel Awsare purchased 15,000 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were acquired at an average cost of $5.18 per share, for a total transaction of $77,700.00. Following the completion of the transaction, the chief executive officer directly owned 453,381 shares in the company, valued at approximately $2,348,513.58. This represents a 3.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Lantronix Price Performance

Shares of NASDAQ LTRX opened at $5.06 on Friday. The stock has a market capitalization of $236.35 million, a price-to-earnings ratio of -46.00 and a beta of 1.66. The business has a 50-day moving average of $5.60 and a 200-day moving average of $6.01. Lantronix, Inc. has a fifty-two week low of $4.37 and a fifty-two week high of $8.75.

Lantronix (NASDAQ:LTRX) last released its earnings results on Wednesday, August 26th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. Lantronix had a negative return on equity of 4.88% and a negative net margin of 3.46%.The business had revenue of $31.15 million for the quarter, compared to analyst estimates of $30.69 million. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. On average, sell-side analysts expect that Lantronix, Inc. will post 0.1 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JonesTrading initiated coverage on shares of Lantronix in a research note on Wednesday, July 15th. They issued a “buy” rating and a $12.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price target on shares of Lantronix in a research report on Thursday, August 27th. Wall Street Zen upgraded shares of Lantronix from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. UBS Group reissued a “buy” rating on shares of Lantronix in a research report on Friday, June 12th. Finally, Canaccord Genuity Group boosted their price objective on shares of Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.40.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LTRX. AWM Investment Company Inc. bought a new position in Lantronix during the second quarter worth $7,350,000. Sei Investments Co. raised its position in shares of Lantronix by 138.0% in the first quarter. Sei Investments Co. now owns 261,292 shares of the technology company’s stock valued at $1,369,000 after purchasing an additional 151,485 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Lantronix in the fourth quarter valued at about $2,315,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lantronix by 41.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company’s stock worth $4,952,000 after buying an additional 275,842 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new stake in shares of Lantronix during the 4th quarter worth about $1,209,000. 39.38% of the stock is owned by institutional investors and hedge funds.

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.