Adesto Technologies Corporation (NASDAQ:IOTS) VP Ishai Naveh sold 10,000 shares of Adesto Technologies stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $8.45, for a total value of $84,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ishai Naveh also recently made the following trade(s):
- On Wednesday, November 22nd, Ishai Naveh sold 10,000 shares of Adesto Technologies stock. The shares were sold at an average price of $8.21, for a total value of $82,100.00.
- On Monday, November 20th, Ishai Naveh sold 10,000 shares of Adesto Technologies stock. The shares were sold at an average price of $7.83, for a total value of $78,300.00.
Shares of Adesto Technologies Corporation (NASDAQ IOTS) traded up $0.20 during mid-day trading on Thursday, reaching $8.20. The company had a trading volume of 134,470 shares, compared to its average volume of 129,555. Adesto Technologies Corporation has a 1-year low of $1.70 and a 1-year high of $9.20. The company has a current ratio of 4.41, a quick ratio of 3.98 and a debt-to-equity ratio of 0.41.
IOTS has been the topic of several research reports. Needham & Company LLC restated a “strong-buy” rating and set a $10.00 price target (up from $7.00) on shares of Adesto Technologies in a report on Wednesday, August 9th. Zacks Investment Research upgraded Adesto Technologies from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a report on Thursday, August 10th.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Adesto Technologies 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 buying an additional 6,786 shares during the period. Citadel Advisors LLC acquired a new position in shares of Adesto Technologies during the third quarter worth approximately $113,000. Pinnacle Associates Ltd. purchased a new stake in Adesto Technologies in the 2nd quarter valued at $112,000. Unterberg Capital LLC raised its position in Adesto Technologies by 9.5% in the 3rd quarter. Unterberg Capital LLC now owns 345,000 shares of the technology company’s stock valued at $2,708,000 after buying an additional 30,000 shares during the last quarter. Finally, Spark Investment Management LLC raised its position in Adesto Technologies by 79.6% in the 2nd quarter. Spark Investment Management LLC now owns 176,200 shares of the technology company’s stock valued at $801,000 after buying an additional 78,090 shares during the last quarter. 37.96% of the stock is currently owned by hedge funds and other institutional investors.
Adesto Technologies 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.
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