Lantronix, Inc. (NASDAQ:LTRX) Major Shareholder Sells $104,250.00 in Stock

Lantronix, Inc. (NASDAQ:LTRX) major shareholder Bernhard Bruscha sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $4.17, for a total transaction of $104,250.00. Following the transaction, the insider now directly owns 5,218,971 shares of the company’s stock, valued at $21,763,109.07. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 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 Thursday, September 12th, Bernhard Bruscha sold 31,630 shares of Lantronix stock. The shares were sold at an average price of $4.32, for a total transaction of $136,641.60.
• On Tuesday, September 10th, Bernhard Bruscha sold 8,435 shares of Lantronix stock. The shares were sold at an average price of $4.00, for a total value of $33,740.00.
• On Wednesday, July 31st, Bernhard Bruscha sold 23,949 shares of Lantronix stock. The shares were sold at an average price of $4.04, for a total value of $96,753.96.

Lantronix Stock Performance

Shares of NASDAQ LTRX traded down $0.11 during mid-day trading on Tuesday, reaching $4.01. 280,890 shares of the company were exchanged, compared to its average volume of 282,027. Lantronix, Inc. has a twelve month low of $3.08 and a twelve month high of $6.95. The stock has a market capitalization of $150.70 million, a P/E ratio of -21.67 and a beta of 2.12. The company’s 50-day simple moving average is $3.78 and its 200-day simple moving average is $3.67. The company has a quick ratio of 2.03, a current ratio of 2.95 and a debt-to-equity ratio of 0.16.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $49.08 million during the quarter, compared to analysts’ expectations of $49.10 million. Lantronix had a negative return on equity of 2.14% and a negative net margin of 2.82%. As a group, research analysts predict that Lantronix, Inc. will post -0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its stake in Lantronix by 11.4% during the 4th quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock worth $9,507,000 after acquiring an additional 165,711 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Lantronix by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock valued at $4,995,000 after acquiring an additional 131,476 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Lantronix by 18.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock worth $3,629,000 after purchasing an additional 159,671 shares during the last quarter. Herald Investment Management Ltd grew its holdings in Lantronix by 17.6% during the 2nd quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company’s stock worth $3,550,000 after acquiring an additional 150,000 shares during the last quarter. Finally, AWM Investment Company Inc. grew its stake in shares of Lantronix by 29.8% in the first quarter. AWM Investment Company Inc. now owns 989,307 shares of the technology company’s stock worth $3,522,000 after purchasing an additional 227,374 shares during the last quarter. Institutional investors own 39.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LTRX shares. Canaccord Genuity Group initiated coverage on Lantronix in a report on Wednesday, September 11th. They issued a “buy” rating and a $7.50 price objective for the company. StockNews.com upgraded shares of Lantronix from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 25th. Roth Mkm reiterated a “buy” rating and issued a $9.00 target price on shares of Lantronix in a research note on Monday, June 17th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $7.00 price target on shares of Lantronix in a report on Friday, September 6th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lantronix presently has a consensus rating of “Buy” and an average price target of $7.30.

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.