Adesto Technologies Corp (IOTS) VP Ishai Naveh Sells 11,413 Shares

Adesto Technologies Corp (NASDAQ:IOTS) VP Ishai Naveh sold 11,413 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $8.11, for a total transaction of $92,559.43. Following the completion of the sale, the vice president now owns 115,393 shares of the company’s stock, valued at approximately $935,837.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ishai Naveh also recently made the following trade(s):

  • On Tuesday, November 28th, Ishai Naveh sold 10,000 shares of Adesto Technologies stock. The shares were sold at an average price of $8.45, for a total transaction of $84,500.00.
  • On Wednesday, November 22nd, Ishai Naveh sold 10,000 shares of Adesto Technologies stock. The shares were sold at an average price of $8.21, for a total transaction of $82,100.00.
  • On Monday, November 20th, Ishai Naveh sold 10,000 shares of Adesto Technologies stock. The shares were sold at an average price of $7.83, for a total transaction of $78,300.00.

Adesto Technologies Corp (NASDAQ:IOTS) opened at $7.35 on Tuesday. 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 Corp has a one year low of $1.75 and a one year high of $9.20.

Adesto Technologies (NASDAQ:IOTS) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $15.24 million during the quarter, compared to analysts’ expectations of $14.50 million. Adesto Technologies had a negative net margin of 13.86% and a negative return on equity of 16.47%. The company’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.19) earnings per share. analysts expect that Adesto Technologies Corp will post -0.25 earnings per share for the current fiscal year.

Several research firms recently weighed in on IOTS. Zacks Investment Research upgraded shares of Adesto Technologies from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research note on Thursday, August 10th. Needham & Company LLC restated a “strong-buy” rating and set a $10.00 price target (up previously from $7.00) on shares of Adesto Technologies in a research note on Wednesday, August 9th.

A number of institutional investors and hedge funds have recently made changes to their positions in IOTS. Pinnacle Associates Ltd. bought a new position in Adesto Technologies during the second quarter worth about $112,000. Citadel Advisors LLC bought a new position in Adesto Technologies during the third quarter worth about $113,000. Vanguard Group Inc. lifted its stake in Adesto Technologies by 5.6% during the second quarter. Vanguard Group Inc. now owns 126,943 shares of the technology company’s stock worth $578,000 after purchasing an additional 6,786 shares during the period. Spark Investment Management LLC lifted its stake in Adesto Technologies by 79.6% during the second quarter. Spark Investment Management LLC now owns 176,200 shares of the technology company’s stock worth $801,000 after purchasing an additional 78,090 shares during the period. Finally, Allianz Asset Management GmbH bought a new position in Adesto Technologies during the third quarter worth about $1,037,000. Hedge funds and other institutional investors own 37.96% of the company’s stock.

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Adesto Technologies 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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