Insider Selling: Lantronix, Inc. (NASDAQ:LTRX) Major Shareholder Sells 31,630 Shares of Stock

Lantronix, Inc. (NASDAQ:LTRX) major shareholder Bernhard Bruscha sold 31,630 shares of Lantronix stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $4.32, for a total value of $136,641.60. Following the completion of the transaction, the insider now owns 5,293,503 shares of the company’s stock, valued at $22,867,932.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more 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 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 stock was sold at an average price of $4.04, for a total transaction of $96,753.96.

Lantronix Trading Down 0.7 %

Shares of LTRX stock opened at $4.44 on Monday. Lantronix, Inc. has a twelve month low of $3.08 and a twelve month high of $6.95. The company has a current ratio of 2.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $3.74 and its two-hundred day moving average is $3.66. The company has a market capitalization of $168.28 million, a P/E ratio of -24.67 and a beta of 2.12.

Analyst Ratings Changes

LTRX has been the subject of several analyst reports. Canaccord Genuity Group initiated coverage on shares of Lantronix in a report on Wednesday, September 11th. They set a “buy” rating and a $7.50 price target for the company. StockNews.com lowered Lantronix from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $7.00 price target on shares of Lantronix in a report on Friday, September 6th. Finally, Roth Mkm reiterated a “buy” rating and issued a $9.00 price objective on shares of Lantronix in a report on Monday, June 17th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $7.30.

Hedge Funds Weigh In On Lantronix

Several institutional investors have recently bought and sold shares of LTRX. First Eagle Investment Management LLC lifted its stake in shares of Lantronix by 65.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock worth $3,036,000 after acquiring an additional 336,781 shares during the period. AWM Investment Company Inc. lifted its position in Lantronix by 29.8% in the first quarter. AWM Investment Company Inc. now owns 989,307 shares of the technology company’s stock valued at $3,522,000 after purchasing an additional 227,374 shares during the period. Wasatch Advisors LP boosted its holdings in Lantronix by 11.4% in the 4th quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock valued at $9,507,000 after purchasing an additional 165,711 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Lantronix by 18.5% during the 2nd 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 period. Finally, Renaissance Technologies LLC increased its position in Lantronix by 30.4% during the 2nd quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock worth $2,323,000 after purchasing an additional 152,400 shares during the period. 39.38% of the stock is owned by institutional investors and hedge funds.

Lantronix Company Profile

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.