Adesto Technologies Corporation (IOTS) VP Sells $84,500.00 in Stock

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.

Adesto Technologies (NASDAQ:IOTS) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. Adesto Technologies had a negative return on equity of 16.47% and a negative net margin of 13.86%. The firm had revenue of $15.24 million for the quarter, compared to analyst estimates of $14.50 million. During the same period in the previous year, the firm earned ($0.19) earnings per share. The company’s revenue was up 36.3% compared to the same quarter last year. sell-side analysts anticipate that Adesto Technologies Corporation will post -0.25 EPS for the current fiscal year.

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.

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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.

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

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