Insider Selling: Adesto Technologies Corp (NASDAQ:IOTS) CFO Sells 15,000 Shares of Stock
Adesto Technologies Corp (NASDAQ:IOTS) CFO Ron Shelton sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $10.02, for a total transaction of $150,300.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Ron Shelton also recently made the following trade(s):
- On Thursday, May 30th, Ron Shelton sold 3,889 shares of Adesto Technologies stock. The shares were sold at an average price of $7.86, for a total transaction of $30,567.54.
NASDAQ IOTS traded up $0.58 during trading hours on Tuesday, hitting $10.63. 480,728 shares of the company’s stock traded hands, compared to its average volume of 190,551. The stock has a fifty day simple moving average of $8.46. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.19 and a quick ratio of 0.80. The firm has a market capitalization of $293.63 million, a price-to-earnings ratio of -37.96 and a beta of 1.35. Adesto Technologies Corp has a 52 week low of $3.51 and a 52 week high of $10.64.
Several analysts recently issued reports on IOTS shares. Northland Securities lowered shares of Adesto Technologies from an “outperform” rating to a “market perform” rating and set a $10.00 target price for the company. in a research report on Monday. Zacks Investment Research upgraded shares of Adesto Technologies from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Tuesday. ValuEngine lowered shares of Adesto Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 2nd. Finally, TheStreet lowered shares of Adesto Technologies from a “c-” rating to a “d” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $10.33.
About Adesto Technologies
Adesto Technologies Corporation, together with its subsidiaries, provides application-specific semiconductors and embedded systems that offer the building blocks of Internet of Things (IoT) edge devices operating on networks worldwide. The company's portfolio of semiconductor and embedded technologies are optimized for connected IoT devices and systems used in industrial, consumer, communications, and medical applications.
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