Adesto Technologies Corp. (IOTS) Insider Purchases $14,760.00 in Stock
Adesto Technologies Corp. (NASDAQ:IOTS) insider Narbeh Derhacobian bought 7,200 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were purchased at an average price of $2.05 per share, with a total value of $14,760.00. Following the transaction, the insider now owns 426,861 shares of the company’s stock, valued at $875,065.05. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Narbeh Derhacobian also recently made the following trade(s):
- On Tuesday, November 8th, Narbeh Derhacobian bought 17,800 shares of Adesto Technologies Corp. stock. The shares were purchased at an average price of $1.91 per share, with a total value of $33,998.00.
Shares of Adesto Technologies Corp. (NASDAQ:IOTS) remained flat at $1.95 during mid-day trading on Thursday. 3,848 shares of the company’s stock traded hands. The firm’s market capitalization is $30.21 billion. Adesto Technologies Corp. has a 12 month low of $1.50 and a 12 month high of $8.50. The company’s 50 day moving average price is $2.16 and its 200 day moving average price is $2.92.
Adesto Technologies Corp. (NASDAQ:IOTS) last posted its earnings results on Thursday, October 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by $0.01. Adesto Technologies Corp. had a negative net margin of 30.26% and a negative return on equity of 50.62%. The firm earned $11.20 million during the quarter, compared to analyst estimates of $11.03 million. The company’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts expect that Adesto Technologies Corp. will post ($0.68) earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. Needham & Company LLC dropped their target price on Adesto Technologies Corp. from $6.00 to $4.00 and set a “strong-buy” rating for the company in a research report on Wednesday, August 10th. Zacks Investment Research downgraded Adesto Technologies Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 20th. Finally, Roth Capital assumed coverage on Adesto Technologies Corp. in a research report on Thursday, September 1st. They set a “buy” rating and a $4.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $6.60.
An institutional investor recently raised its position in Adesto Technologies Corp. stock. Vanguard Group Inc. raised its position in shares of Adesto Technologies Corp. (NASDAQ:IOTS) by 135.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 64,178 shares of the company’s stock after buying an additional 36,975 shares during the period. Vanguard Group Inc. owned approximately 0.43% of Adesto Technologies Corp. worth $210,000 as of its most recent SEC filing. 24.70% of the stock is owned by institutional investors and hedge funds.
Adesto Technologies Corp. 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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