Adesto Technologies Corporation (NASDAQ:IOTS) VP Ishai Naveh sold 10,000 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $7.83, for a total transaction of $78,300.00. Following the sale, the vice president now owns 156,806 shares of the company’s stock, valued at approximately $1,227,790.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Adesto Technologies Corporation (NASDAQ:IOTS) traded up $0.30 during trading hours on Wednesday, reaching $8.10. 238,600 shares of the company were exchanged, compared to its average volume of 128,536. 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 1 year low of $1.55 and a 1 year high of $9.20.

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

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Several equities research analysts have recently weighed in on IOTS shares. Zacks Investment Research upgraded shares of Adesto Technologies Corporation from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Wednesday, November 15th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of Adesto Technologies Corporation in a research note on Thursday, November 9th.

A number of large investors have recently made changes to their positions in IOTS. Spark Investment Management LLC lifted its position in Adesto Technologies Corporation by 79.6% in the second quarter. Spark Investment Management LLC now owns 176,200 shares of the technology company’s stock valued at $801,000 after purchasing an additional 78,090 shares during the period. Unterberg Capital LLC acquired a new stake in Adesto Technologies Corporation in the second quarter valued at about $1,433,000. Pinnacle Associates Ltd. acquired a new stake in Adesto Technologies Corporation in the second quarter valued at about $112,000. Ameriprise Financial Inc. acquired a new stake in Adesto Technologies Corporation in the second quarter valued at about $1,982,000. Finally, Vanguard Group Inc. lifted its position in Adesto Technologies Corporation by 5.6% in the second quarter. Vanguard Group Inc. now owns 126,943 shares of the technology company’s stock valued at $578,000 after purchasing an additional 6,786 shares during the period. Hedge funds and other institutional investors own 35.23% of the company’s stock.

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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