Lantronix Inc (NASDAQ:LTRX) Director Paul F. Folino Sells 4,958 Shares

Lantronix Inc (NASDAQ:LTRX) Director Paul F. Folino sold 4,958 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $3.33, for a total transaction of $16,510.14. Following the completion of the sale, the director now owns 95,852 shares in the company, valued at approximately $319,187.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ:LTRX opened at $3.30 on Wednesday. The stock has a market cap of $77.49 million, a price-to-earnings ratio of 47.15 and a beta of 0.77. Lantronix Inc has a 1 year low of $2.34 and a 1 year high of $4.24. The business has a fifty day moving average of $3.34 and a 200-day moving average of $3.42.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Lantronix had a positive return on equity of 2.58% and a negative net margin of 5.90%. The company had revenue of $12.74 million during the quarter. Equities analysts expect that Lantronix Inc will post 0.22 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in LTRX. Wedbush Securities Inc. acquired a new stake in Lantronix in the second quarter worth approximately $33,000. LPL Financial LLC acquired a new stake in shares of Lantronix in the second quarter valued at $266,000. BlackRock Inc. boosted its stake in Lantronix by 6.3% during the second quarter. BlackRock Inc. now owns 139,656 shares of the technology company’s stock valued at $465,000 after buying an additional 8,238 shares in the last quarter. Finally, River & Mercantile Asset Management LLP bought a new stake in Lantronix in the second quarter worth about $1,599,000. 16.81% of the stock is currently owned by hedge funds and other institutional investors.

LTRX has been the subject of several analyst reports. Needham & Company LLC reduced their price objective on Lantronix from $4.50 to $4.25 and set a “buy” rating for the company in a research report on Wednesday, September 11th. ValuEngine cut Lantronix from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

About Lantronix

Lantronix, Inc provides secure data access and management solutions for Internet of Things (IoT) assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access.

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

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