Lantronix Inc. (NASDAQ:LTRX) Director Paul F. Folino bought 14,200 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were acquired at an average price of $1.39 per share, with a total value of $19,738.00. Following the transaction, the director now directly owns 92,668 shares of the company’s stock, valued at $128,808.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Lantronix Inc. (NASDAQ:LTRX) traded up 1.5173% during mid-day trading on Tuesday, hitting $1.3716. 25,283 shares of the stock traded hands. The stock’s market cap is $23.66 million. The stock has a 50-day moving average price of $1.46 and a 200-day moving average price of $1.29. Lantronix Inc. has a 12 month low of $0.80 and a 12 month high of $2.14.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. Lantronix had a negative net margin of 4.24% and a negative return on equity of 5.37%. The firm earned $10.90 million during the quarter, compared to the consensus estimate of $9.80 million. On average, equities analysts forecast that Lantronix Inc. will post ($0.16) earnings per share for the current year.

Insider Buying and Selling by Quarter for Lantronix (NASDAQ:LTRX)

An institutional investor recently raised its position in Lantronix stock. Herald Investment Management Ltd increased its stake in Lantronix Inc. (NASDAQ:LTRX) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 602,307 shares of the company’s stock after buying an additional 35,641 shares during the period. Herald Investment Management Ltd owned approximately 3.96% of Lantronix worth $584,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 12.21% of the company’s stock.

Separately, Zacks Investment Research upgraded Lantronix from a “hold” rating to a “strong-buy” rating and set a $1.50 target price for the company in a research report on Friday, August 26th.

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Lantronix Company Profile

Lantronix, Inc designs, develops, markets and sells networking and communications products with a focus on the convergence of mobility with machine-to-machine systems. It provides solutions that enable machines, devices and sensors to be securely accessed, managed and controlled. The Company’s solutions are designed for its customers to participate in the Internet of Things market.

5 Day Chart for NASDAQ:LTRX

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