Key Points
- CEO Saleel Awsare purchased 15,000 Lantronix shares at an average price of $5.18, investing $77,700 and increasing his ownership by 3.42% to 453,381 shares.
- Lantronix recently reported quarterly EPS of $0.04, beating the $0.03 consensus estimate, while revenue of $31.15 million also exceeded expectations. The company guided to first-quarter 2027 EPS of $0.04–$0.06.
- Analyst sentiment is largely positive, with six Buy ratings and one Sell rating producing a consensus “Moderate Buy” rating and a $10.40 price target, compared with shares opening at $5.06.
Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) CEO Saleel Awsare acquired 15,000 shares of the stock in a transaction on Wednesday, September 9th. The shares were bought at an average price of $5.18 per share, for a total transaction of $77,700.00. Following the purchase, the chief executive officer owned 453,381 shares in the company, valued at approximately $2,348,513.58. This trade represents a 3.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Lantronix Price Performance
Shares of NASDAQ LTRX opened at $5.06 on Thursday. The business has a fifty day moving average price of $5.61 and a two-hundred day moving average price of $6.02. The stock has a market capitalization of $236.35 million, a PE ratio of -46.00 and a beta of 1.66. Lantronix, Inc. has a fifty-two week low of $4.37 and a fifty-two week high of $8.75.
Lantronix (NASDAQ:LTRX - Get Free Report) 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 company 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, equities analysts expect that Lantronix, Inc. will post 0.1 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Lantronix in a report on Friday, July 17th. Wall Street Zen raised shares of Lantronix from a "hold" rating to a "buy" rating in a report on Saturday, August 29th. Needham & Company LLC reiterated a "buy" rating and set a $11.00 price target on shares of Lantronix in a research report on Thursday, August 27th. JonesTrading began coverage on shares of Lantronix in a research note on Wednesday, July 15th. They issued a "buy" rating and a $12.00 price objective on the stock. Finally, UBS Group restated a "buy" rating on shares of Lantronix in a research report on Friday, June 12th. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.40.
Read Our Latest Analysis on Lantronix
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC raised its stake in Lantronix by 19.7% during the first quarter. Jane Street Group LLC now owns 71,293 shares of the technology company's stock worth $178,000 after acquiring an additional 11,728 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Lantronix in the second quarter worth about $86,000. Marshall Wace LLP boosted its stake in shares of Lantronix by 10.6% in the 2nd quarter. Marshall Wace LLP now owns 446,164 shares of the technology company's stock valued at $1,280,000 after purchasing an additional 42,838 shares in the last quarter. Manatuck Hill Partners LLC acquired a new stake in shares of Lantronix in the 2nd quarter valued at approximately $302,000. Finally, Vanguard Group Inc. grew its holdings in shares of Lantronix by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company's stock valued at $6,795,000 after purchasing an additional 40,890 shares during the last quarter. Institutional investors own 39.38% of the company's stock.
About Lantronix
(
Get Free Report)
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.
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