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 hedge funds and other institutional investors have recently added to or reduced their stakes in IOTS. Spark Investment Management LLC boosted its holdings in shares of Adesto Technologies Corporation 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. Unterberg Capital LLC bought a new stake in Adesto Technologies Corporation in the 2nd quarter valued at $1,433,000. Pinnacle Associates Ltd. bought a new stake in Adesto Technologies Corporation in the 2nd quarter valued at $112,000. Ameriprise Financial Inc. bought a new stake in Adesto Technologies Corporation in the 2nd quarter valued at $1,982,000. Finally, Vanguard Group Inc. raised its stake in Adesto Technologies Corporation 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 acquiring an additional 6,786 shares during the period. 35.23% of the stock is owned by institutional investors.

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.

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

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