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.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Adesto Technologies by 6.4% during the fourth quarter. BlackRock Inc. now owns 1,505,936 shares of the technology company’s stock valued at $6,626,000 after purchasing an additional 90,468 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Adesto Technologies by 56.8% during the fourth quarter. Bank of New York Mellon Corp now owns 88,512 shares of the technology company’s stock valued at $389,000 after purchasing an additional 32,049 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Adesto Technologies by 78.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 172,316 shares of the technology company’s stock valued at $758,000 after purchasing an additional 75,962 shares during the period. Geode Capital Management LLC raised its holdings in shares of Adesto Technologies by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 256,051 shares of the technology company’s stock worth $1,126,000 after acquiring an additional 9,389 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Adesto Technologies by 772.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,146 shares of the technology company’s stock worth $31,000 after acquiring an additional 4,556 shares during the last quarter. Institutional investors own 62.42% of the company’s stock.

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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