Bernhard Bruscha Sells 8,435 Shares of Lantronix, Inc. (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRX) major shareholder Bernhard Bruscha sold 8,435 shares of Lantronix stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $4.00, for a total transaction of $33,740.00. Following the completion of the sale, the insider now directly owns 5,373,036 shares in the company, valued at approximately $21,492,144. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Bernhard Bruscha also recently made the following trade(s):

• 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 Price Performance

LTRX opened at $4.47 on Friday. The company has a fifty day moving average price of $3.70 and a 200-day moving average price of $3.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.32 and a current ratio of 2.95. Lantronix, Inc. has a one year low of $3.08 and a one year high of $6.95.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LTRX. First Eagle Investment Management LLC grew its position in shares of Lantronix by 65.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock valued at $3,036,000 after purchasing an additional 336,781 shares in the last quarter. AWM Investment Company Inc. grew its position in Lantronix by 29.8% in the first quarter. AWM Investment Company Inc. now owns 989,307 shares of the technology company’s stock worth $3,522,000 after acquiring an additional 227,374 shares in the last quarter. Wasatch Advisors LP grew its position in Lantronix by 11.4% in the fourth quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock worth $9,507,000 after acquiring an additional 165,711 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Lantronix by 18.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock worth $3,629,000 after acquiring an additional 159,671 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Lantronix by 30.4% in the second quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock worth $2,323,000 after acquiring an additional 152,400 shares in the last quarter. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on LTRX. Canaccord Genuity Group began coverage on shares of Lantronix in a research note on Wednesday. They issued a “buy” rating and a $7.50 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $7.00 price objective on shares of Lantronix in a research note on Friday, September 6th. StockNews.com lowered shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, Roth Mkm reiterated a “buy” rating and issued a $9.00 price objective on shares of Lantronix in a research note on Monday, June 17th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Lantronix currently has an average rating of “Buy” and an average 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.