Adesto Technologies Corp (NASDAQ:IOTS) CFO Sells $150,300.00 in Stock

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Adesto Technologies Corp (NASDAQ:IOTS) CFO Ron Shelton sold 15,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $10.02, for a total value of $150,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ron Shelton also recently made the following trade(s):

  • On Thursday, May 30th, Ron Shelton sold 3,889 shares of Adesto Technologies stock. The stock was sold at an average price of $7.86, for a total value of $30,567.54.

Shares of IOTS stock opened at $9.70 on Friday. The business’s 50 day simple moving average is $8.60 and its 200 day simple moving average is $7.11. Adesto Technologies Corp has a one year low of $3.51 and a one year high of $11.97. The stock has a market capitalization of $319.65 million, a PE ratio of -34.64 and a beta of 1.35. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.14 and a quick ratio of 0.80.

Several analysts have recently weighed in on IOTS shares. Zacks Investment Research upgraded Adesto Technologies from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Tuesday. Northland Securities cut Adesto Technologies from an “outperform” rating to a “market perform” rating and set a $10.00 price target on the stock. in a report on Monday. TheStreet cut Adesto Technologies from a “c-” rating to a “d” rating in a report on Wednesday, May 8th. Finally, ValuEngine cut Adesto Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $10.33.

A number of hedge funds have recently made changes to their positions in the stock. D. E. Shaw & Co. Inc. lifted its position in shares of Adesto Technologies by 312.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 111,075 shares of the technology company’s stock worth $905,000 after buying an additional 84,127 shares in the last quarter. BlackRock Inc. lifted its position in shares of Adesto Technologies by 8.8% in the second quarter. BlackRock Inc. now owns 1,764,214 shares of the technology company’s stock worth $14,378,000 after buying an additional 142,988 shares in the last quarter. Cadence Capital Management LLC purchased a new stake in shares of Adesto Technologies in the second quarter worth about $2,289,000. Charles Schwab Investment Management Inc. lifted its position in shares of Adesto Technologies by 16.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 63,069 shares of the technology company’s stock worth $515,000 after buying an additional 8,779 shares in the last quarter. Finally, Northeast Financial Consultants Inc purchased a new stake in shares of Adesto Technologies in the second quarter worth about $554,000. Institutional investors and hedge funds own 62.42% of the company’s stock.

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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