In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Lantronix Inc. (NASDAQ:LTRX) reported that Howe Kevin C has picked up 727,766 of common stock as of 2017-02-24.
The acquisition brings the aggregate amount owned by Howe Kevin C to a total of 727,766 representing a 4.17% stake in the company.
For those not familiar with the company, 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. The Company’s IT Management product line includes console management, power management and keyboard video mouse (KVM), products that provide remote out-of-band management (OOBM) access to IT and networking infrastructure deployed in test labs, data centers and server rooms. Its Other product line includes non-focus products, such as the xPrintServer, xSenso and WiBox. Its connectivity solutions serves a range of industries, including data center, medical, security, environmental and government. The Company conducts its business in approximately three geographic regions, including the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific Japan (APJ).
A glance at Lantronix Inc. (NASDAQ:LTRX)’s key stats reveals a current market capitalization of 42.18 million based on 17.47 million shares outstanding and a price at last close of $2.46 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-07-14, Yoder picked up 5,000 at a purchase price of $2.21. This brings their total holding to 14,668 as of the date of the filing.
On the sell side, the most recent transaction saw Fink unload 7,800 shares at a sale price of $0.95. This brings their total holding to 246.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Lantronix Inc. (NASDAQ:LTRX) as things move forward to see if its progress aligns with these transactions.
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