Lantronix, Inc. (NASDAQ:LTRX) Major Shareholder Sells $136,641.60 in Stock

Lantronix, Inc. (NASDAQ:LTRX) major shareholder Bernhard Bruscha sold 31,630 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $4.32, for a total transaction of $136,641.60. Following the completion of the transaction, the insider now owns 5,293,503 shares in the company, valued at $22,867,932.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 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 transaction 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 transaction of $96,753.96.

Lantronix Trading Down 0.7 %

Shares of Lantronix stock opened at $4.44 on Friday. The company has a 50-day moving average of $3.74 and a two-hundred day moving average of $3.66. Lantronix, Inc. has a 12-month low of $3.08 and a 12-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 stock has a market cap of $168.28 million, a PE ratio of -24.67 and a beta of 2.12.

Institutional Investors Weigh In On Lantronix

Institutional investors and hedge funds have recently modified their holdings of the company. Jump Financial LLC boosted its position in Lantronix by 115.4% during the fourth quarter. Jump Financial LLC now owns 31,990 shares of the technology company’s stock worth $187,000 after purchasing an additional 17,138 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Lantronix by 4.8% in the 4th quarter. First Eagle Investment Management LLC now owns 533,353 shares of the technology company’s stock worth $3,125,000 after buying an additional 24,250 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Lantronix in the 4th quarter valued at about $148,000. Wasatch Advisors LP increased its holdings in Lantronix by 11.4% during the 4th quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock valued at $9,507,000 after acquiring an additional 165,711 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its position in Lantronix by 1.6% during the first quarter. Essex Investment Management Co. LLC now owns 404,158 shares of the technology company’s stock worth $1,439,000 after acquiring an additional 6,171 shares during the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LTRX shares. Roth Mkm restated a “buy” rating and set a $9.00 price target on shares of Lantronix in a research note on Monday, June 17th. Canaccord Genuity Group began coverage on shares of Lantronix in a research report on Wednesday. They set a “buy” rating and a $7.50 price objective for the company. StockNews.com downgraded shares of Lantronix from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $7.00 price target on shares of Lantronix in a report on Friday, September 6th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Lantronix has an average rating of “Buy” and a consensus price target of $7.30.

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.