Adesto Technologies Corporation (IOTS) Insider Gideon D. Intrater Sells 3,572 Shares
Adesto Technologies Corporation (NASDAQ:IOTS) insider Gideon D. Intrater sold 3,572 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $8.09, for a total value of $28,897.48. Following the completion of the sale, the insider now directly owns 75,708 shares of the company’s stock, valued at approximately $612,477.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Adesto Technologies Corporation (NASDAQ:IOTS) traded up $0.25 during midday trading on Friday, hitting $8.45. The stock had a trading volume of 112,780 shares, compared to its average volume of 128,816. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.41 and a quick ratio of 3.98. Adesto Technologies Corporation has a 12 month low of $1.55 and a 12 month high of $9.20.
Adesto Technologies Corporation (NASDAQ:IOTS) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $15.24 million during the quarter, compared to the consensus estimate of $14.50 million. Adesto Technologies Corporation had a negative return on equity of 16.47% and a negative net margin of 13.86%. The firm’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.19) EPS. sell-side analysts forecast that Adesto Technologies Corporation will post -0.25 earnings per share for the current year.
Several equities research analysts have recently commented on IOTS shares. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of Adesto Technologies Corporation in a report on Monday, September 25th. Zacks Investment Research raised Adesto Technologies Corporation from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a report on Thursday, August 10th.
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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.
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