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In a recent transaction disclosed in an SEC filing, Saleel Awsare, the President and CEO of Lantronix Inc. (NASDAQ:LTRX), acquired 15,000 shares of the company’s common stock. The purchase was made at prices ranging from $2.53 to $2.54 per share, with a total transaction value of $37,965. The timing is notable as the stock currently trades near its 52-week low of $2.48, having declined 38% year-to-date. According to InvestingPro analysis, the stock appears undervalued at its current market cap of $99.3M. Following this acquisition, Awsare’s direct ownership in Lantronix stands at 253,380 shares. The transaction was executed on February 28, 2025, and was part of routine insider activity reported to the SEC. Analysts maintain a bullish outlook with price targets ranging from $4.50 to $8.00. Get deeper insights and access to 13 additional InvestingPro Tips for LTRX, along with comprehensive valuation metrics in the Pro Research Report.
In other recent news, Lantronix Inc. reported its financial results for the second quarter of fiscal year 2025, revealing a non-GAAP earnings per share (EPS) of $0.04, which fell short of analysts’ expectations of $0.10. The company also reported revenue of $31.2 million, below the anticipated $38.56 million, marking a 16% year-over-year decrease. Despite these challenges, Lantronix has taken steps to enhance its strategic positioning, appointing Steve Burrington as the new Vice President of Global Research and Development to bolster its IoT solutions. Meanwhile, Lake Street Capital Markets adjusted its price target for Lantronix to $5.00 from $6.00, maintaining a Buy rating due to the company’s potential for growth in fiscal year 2026. The firm expressed optimism regarding the early positive response to Lantronix’s edge AI products and expected a significant increase in EPS in the following year. Additionally, Lantronix has completed substantial cost reduction initiatives and continues to focus on its strategic growth in edge computing and IoT markets. These developments reflect the company’s ongoing efforts to navigate a challenging market environment while positioning itself for future growth.
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