Jeremy Whitaker Sells 2,479 Shares of Lantronix, Inc. (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRXGet Rating) CFO Jeremy Whitaker sold 2,479 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $5.23, for a total value of $12,965.17. Following the completion of the sale, the chief financial officer now directly owns 240,610 shares in the company, valued at $1,258,390.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jeremy Whitaker also recently made the following trade(s):

  • On Monday, September 19th, Jeremy Whitaker sold 2,479 shares of Lantronix stock. The stock was sold at an average price of $5.16, for a total value of $12,791.64.
  • On Wednesday, September 14th, Jeremy Whitaker sold 2,406 shares of Lantronix stock. The stock was sold at an average price of $5.63, for a total value of $13,545.78.
  • On Monday, September 12th, Jeremy Whitaker sold 2,407 shares of Lantronix stock. The stock was sold at an average price of $5.71, for a total value of $13,743.97.
  • On Friday, September 9th, Jeremy Whitaker sold 2,406 shares of Lantronix stock. The shares were sold at an average price of $5.82, for a total value of $14,002.92.
  • On Wednesday, September 7th, Jeremy Whitaker sold 2,407 shares of Lantronix stock. The shares were sold at an average price of $6.05, for a total value of $14,562.35.
  • On Wednesday, August 31st, Jeremy Whitaker sold 3,364 shares of Lantronix stock. The shares were sold at an average price of $6.19, for a total value of $20,823.16.
  • On Monday, August 29th, Jeremy Whitaker sold 3,364 shares of Lantronix stock. The shares were sold at an average price of $6.51, for a total value of $21,899.64.

Lantronix Price Performance

LTRX stock opened at $5.10 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 2.53 and a debt-to-equity ratio of 0.18. Lantronix, Inc. has a 52-week low of $4.65 and a 52-week high of $10.25. The stock’s 50 day moving average is $6.41 and its two-hundred day moving average is $6.08. The company has a market capitalization of $179.21 million, a PE ratio of -28.33 and a beta of 2.30.

Lantronix (NASDAQ:LTRXGet Rating) last issued its earnings results on Thursday, August 25th. The technology company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. Lantronix had a negative return on equity of 7.74% and a negative net margin of 4.14%. During the same period last year, the business posted ($0.04) earnings per share. Analysts predict that Lantronix, Inc. will post 0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LTRX. Dimensional Fund Advisors LP boosted its position in Lantronix by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 445,049 shares of the technology company’s stock valued at $3,485,000 after purchasing an additional 10,327 shares during the period. Qube Research & Technologies Ltd acquired a new position in Lantronix during the 4th quarter valued at approximately $108,000. Renaissance Technologies LLC boosted its position in Lantronix by 22.3% during the 4th quarter. Renaissance Technologies LLC now owns 835,794 shares of the technology company’s stock valued at $6,544,000 after purchasing an additional 152,430 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Lantronix by 7,801.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,329 shares of the technology company’s stock valued at $120,000 after purchasing an additional 15,135 shares during the period. Finally, Alpha Paradigm Partners LLC boosted its position in Lantronix by 151.9% during the 4th quarter. Alpha Paradigm Partners LLC now owns 53,144 shares of the technology company’s stock valued at $416,000 after purchasing an additional 32,050 shares during the period. Institutional investors and hedge funds own 33.62% of the company’s stock.

Lantronix Company Profile

(Get Rating)

Lantronix, Inc provides software as a service (SaaS), engineering services, and hardware for edge computing, the Internet of Things (IoT), and remote environment management (REM) in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT Connectivity, 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; IoT Compute, 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 IoT Telematics, which provides power efficient products designed to support communications across interfaces and industrial protocols for vehicle, fleet, and asset tracking and management.

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