Lantronix, Inc. (NASDAQ:LTRX) VP Michael Andrew Fink sold 11,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $2.40, for a total value of $26,400.00. Following the transaction, the vice president now owns 12,094 shares of the company’s stock, valued at $29,025.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Michael Andrew Fink also recently made the following trade(s):
- On Tuesday, June 13th, Michael Andrew Fink sold 22,194 shares of Lantronix stock. The stock was sold at an average price of $2.28, for a total value of $50,602.32.
- On Wednesday, June 14th, Michael Andrew Fink sold 44,000 shares of Lantronix stock. The stock was sold at an average price of $2.32, for a total value of $102,080.00.
Lantronix, Inc. (NASDAQ:LTRX) traded up 0.44% during trading on Friday, hitting $2.30. The stock had a trading volume of 60,136 shares. The firm’s market cap is $40.45 million. Lantronix, Inc. has a one year low of $0.97 and a one year high of $4.09. The stock’s 50-day moving average is $2.59 and its 200 day moving average is $2.42.
Lantronix (NASDAQ:LTRX) last released its earnings results on Friday, April 28th. The technology company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. The firm had revenue of $11.52 million during the quarter. Lantronix had a positive return on equity of 0.86% and a negative net margin of 1.07%. Equities analysts anticipate that Lantronix, Inc. will post ($0.03) earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This story was first reported by sleekmoney and is the property of of sleekmoney. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://sleekmoney.com/michael-andrew-fink-sells-11000-shares-of-lantronix-inc-ltrx-stock/1916265.html.
A number of equities analysts have recently weighed in on LTRX shares. Zacks Investment Research upgraded Lantronix from a “hold” rating to a “strong-buy” rating and set a $3.25 price target for the company in a report on Wednesday, April 26th. Lake Street Capital increased their price target on Lantronix from $2.50 to $4.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, ValuEngine upgraded Lantronix from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
A number of institutional investors have recently added to or reduced their stakes in LTRX. Renaissance Technologies LLC raised its position in Lantronix by 41.1% in the fourth quarter. Renaissance Technologies LLC now owns 248,550 shares of the technology company’s stock valued at $423,000 after buying an additional 72,384 shares during the last quarter. EAM Investors LLC acquired a new position in Lantronix during the first quarter valued at approximately $765,000. Algert Global LLC acquired a new position in Lantronix during the first quarter valued at approximately $230,000. Thompson Davis & CO. Inc. acquired a new position in Lantronix during the first quarter valued at approximately $120,000. Finally, Essex Investment Management Co. LLC acquired a new position in Lantronix during the first quarter valued at approximately $231,000. Hedge funds and other institutional investors own 16.39% of the company’s stock.
Lantronix, Inc is a provider of secure data access and management solutions for Internet of things (IoT) and information technology (IT) assets. The Company organizes its products and solutions into three product lines, including IoT, IT Management and Other. Its IoT products consist of IoT Gateways and IoT Building Blocks.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/michael-andrew-fink-sells-11000-shares-of-lantronix-inc-ltrx-stock/1916265.html
Receive News & Ratings for Lantronix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lantronix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.