Adesto Technologies Corp (IOTS) VP Sells $92,559.43 in Stock

Adesto Technologies Corp (NASDAQ:IOTS) VP Ishai Naveh sold 11,413 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $8.11, for a total value of $92,559.43. Following the completion of the transaction, the vice president now owns 115,393 shares in the company, valued at approximately $935,837.23. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ishai Naveh also recently made the following trade(s):

  • On Tuesday, November 28th, Ishai Naveh sold 10,000 shares of Adesto Technologies stock. The stock was sold at an average price of $8.45, for a total value of $84,500.00.
  • On Wednesday, November 22nd, Ishai Naveh sold 10,000 shares of Adesto Technologies stock. The stock was 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 stock was sold at an average price of $7.83, for a total value of $78,300.00.

Adesto Technologies Corp (NASDAQ:IOTS) traded down $0.50 during trading hours on Monday, reaching $7.35. The company had a trading volume of 147,563 shares, compared to its average volume of 129,652. 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 Corp has a 12-month low of $1.75 and a 12-month high of $9.20.

Adesto Technologies (NASDAQ:IOTS) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $15.24 million for the quarter, compared to the consensus estimate of $14.50 million. Adesto Technologies had a negative return on equity of 16.47% and a negative net margin of 13.86%. The firm’s quarterly revenue was up 36.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.19) EPS. research analysts expect that Adesto Technologies Corp will post -0.25 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in IOTS. Pinnacle Associates Ltd. purchased a new position in shares of Adesto Technologies in the 2nd quarter valued at approximately $112,000. Citadel Advisors LLC purchased a new position in shares of Adesto Technologies in the 3rd quarter valued at approximately $113,000. Vanguard Group Inc. grew its stake in shares of Adesto Technologies by 5.6% in the 2nd 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 last quarter. Spark Investment Management LLC grew its stake in shares of 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 purchasing an additional 78,090 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in shares of Adesto Technologies in the 3rd quarter valued at approximately $1,037,000. Hedge funds and other institutional investors own 37.96% of the company’s stock.

IOTS has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $10.00 price target on shares of Adesto Technologies in a research note on Monday, September 25th. Zacks Investment Research upgraded Adesto Technologies from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a research note on Thursday, August 10th.

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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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