Lantronix (NASDAQ:LTRX) Insider Sells $89,840.07 in Stock

Lantronix, Inc. (NASDAQ:LTRX) insider Mathi Gurusamy sold 14,467 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $6.21, for a total value of $89,840.07. Following the transaction, the insider directly owned 55,569 shares in the company, valued at $345,083.49. The trade was a 20.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Lantronix Stock Performance

LTRX stock opened at $6.32 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.75 and a quick ratio of 1.79. The business has a 50-day moving average price of $6.21 and a 200 day moving average price of $5.48. The company has a market capitalization of $250.84 million, a P/E ratio of -26.33 and a beta of 1.53. Lantronix, Inc. has a 1-year low of $1.91 and a 1-year high of $8.24.

Lantronix (NASDAQ:LTRX) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $29.77 million for the quarter, compared to analysts’ expectations of $29.94 million. Lantronix had a negative net margin of 7.90% and a negative return on equity of 10.37%. Lantronix has set its Q3 2026 guidance at 0.030-0.060 EPS. As a group, equities research analysts forecast that Lantronix, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Invesco Ltd. acquired a new stake in Lantronix in the fourth quarter valued at approximately $68,000. Occudo Quantitative Strategies LP grew its holdings in Lantronix by 79.8% in the fourth quarter. Occudo Quantitative Strategies LP now owns 47,227 shares of the technology company’s stock worth $277,000 after purchasing an additional 20,965 shares during the last quarter. Millennium Management LLC increased its position in shares of Lantronix by 121.0% during the fourth quarter. Millennium Management LLC now owns 272,512 shares of the technology company’s stock worth $1,597,000 after purchasing an additional 149,194 shares in the last quarter. Engineers Gate Manager LP increased its position in shares of Lantronix by 79.1% during the fourth quarter. Engineers Gate Manager LP now owns 20,964 shares of the technology company’s stock worth $123,000 after purchasing an additional 9,256 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Lantronix during the 4th quarter valued at $86,000. Institutional investors own 39.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LTRX. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lantronix in a research note on Thursday, January 22nd. Craig Hallum restated a “buy” rating and set a $10.00 target price on shares of Lantronix in a report on Thursday, February 5th. Lake Street Capital increased their target price on Lantronix from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Wall Street Zen upgraded Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Finally, Needham & Company LLC boosted their price target on Lantronix from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Lantronix has a consensus rating of “Moderate Buy” and an average target price of $7.38.

Lantronix Company Profile

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.