Today it was reported that a Director at Lantronix (NASDAQ: LTRX), Bernhard Bruscha, exercised options to buy 56,454 LTRX shares at $2.42 a share, for a total transaction value of $137K. The options were close to expired and Bernhard Bruscha retained stocks.
Following Bernhard Bruscha’s last LTRX Buy transaction on March 09, 2016, the stock climbed by 2.9%.
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Based on Lantronix’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $12.04 million and quarterly net profit of $752K. In comparison, last year the company earned revenue of $10.61 million and had a GAAP net loss of $641K. LTRX’s market cap is $74.31M and the company has a P/E ratio of 131.00. Currently, Lantronix has an average volume of 77.07K.
The insider sentiment on Lantronix has been positive according to 31 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Lantronix, Inc. engages in the provision of secure data access and management solutions for internet of things. It operates through the following product lines: Internet of Things (loT), Information Technology Management, and Other. The Internet of Things (loT) provides network connectivity, and is designed to enhance the value and utility of machines.
