Adesto Technologies Corporation (NASDAQ:IOTS) VP Shane Hollmer sold 3,912 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $7.70, for a total transaction of $30,122.40. Following the sale, the vice president now directly owns 118,677 shares in the company, valued at $913,812.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Adesto Technologies Corporation (NASDAQ:IOTS) traded down $0.15 on Friday, hitting $7.55. 99,780 shares of the stock traded hands, compared to its average volume of 141,676. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.70 and a quick ratio of 2.44.

Adesto Technologies Corporation (NASDAQ:IOTS) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The company had revenue of $13.40 million for the quarter, compared to analyst estimates of $12.98 million. Adesto Technologies Corporation had a negative net margin of 21.41% and a negative return on equity of 35.81%. The company’s revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.21) earnings per share. sell-side analysts predict that Adesto Technologies Corporation will post -0.25 EPS for the current fiscal year.

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IOTS has been the topic of several analyst reports. Zacks Investment Research lowered shares of Adesto Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of Adesto Technologies Corporation in a research report on Monday, September 25th.

Several institutional investors and hedge funds have recently modified their holdings of IOTS. Spark Investment Management LLC raised its position in shares of Adesto Technologies Corporation by 79.6% in the second quarter. Spark Investment Management LLC now owns 176,200 shares of the technology company’s stock valued at $801,000 after purchasing an additional 78,090 shares during the period. Unterberg Capital LLC bought a new position in shares of Adesto Technologies Corporation in the second quarter valued at about $1,433,000. Pinnacle Associates Ltd. bought a new position in shares of Adesto Technologies Corporation in the second quarter valued at about $112,000. Ameriprise Financial Inc. bought a new position in shares of Adesto Technologies Corporation in the second quarter valued at about $1,982,000. Finally, Vanguard Group Inc. raised its position in shares of Adesto Technologies Corporation by 5.6% in the second quarter. Vanguard Group Inc. now owns 126,943 shares of the technology company’s stock valued at $578,000 after purchasing an additional 6,786 shares during the period. 33.93% of the stock is currently owned by institutional investors.

Adesto Technologies Corporation Company Profile

Adesto Technologies Corporation is a provider of application-specific and ultra-low power non-volatile memory products. The Company optimizes its non-volatile memory products for Internet of Things (IoT), applications, including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets.

Insider Buying and Selling by Quarter for Adesto Technologies Corporation (NASDAQ:IOTS)

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