Insider Selling: Adesto Technologies Corp (NASDAQ:IOTS) VP Sells $17,025.25 in Stock

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Adesto Technologies Corp (NASDAQ:IOTS) VP Raphael Mehrbians sold 1,661 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $10.25, for a total value of $17,025.25. Following the transaction, the vice president now owns 43,451 shares of the company’s stock, valued at approximately $445,372.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

IOTS opened at $9.99 on Friday. Adesto Technologies Corp has a 52-week low of $3.51 and a 52-week high of $11.97. The firm has a market capitalization of $311.53 million, a PE ratio of -35.68 and a beta of 1.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.79 and a current ratio of 1.14. The business’s 50-day simple moving average is $8.86 and its 200 day simple moving average is $7.25.

Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Adesto Technologies from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Thursday. TheStreet cut Adesto Technologies from a “c-” rating to a “d” rating in a research note on Wednesday, May 8th. Northland Securities lowered 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, August 12th. BidaskClub upgraded Adesto Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, ValuEngine lowered 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, three have assigned a buy rating and one has issued a strong buy rating to the company. Adesto Technologies has a consensus rating of “Buy” and an average target price of $10.67.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its holdings in Adesto Technologies by 772.2% during the first 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 in the last quarter. Susquehanna International Group LLP acquired a new stake in Adesto Technologies during the second quarter worth approximately $95,000. JPMorgan Chase & Co. grew its position in Adesto Technologies by 193.8% during the second quarter. JPMorgan Chase & Co. now owns 21,042 shares of the technology company’s stock worth $111,000 after buying an additional 13,879 shares in the last quarter. JBF Capital Inc. grew its position in Adesto Technologies by 8.3% during the second quarter. JBF Capital Inc. now owns 19,500 shares of the technology company’s stock worth $159,000 after buying an additional 1,500 shares in the last quarter. Finally, Strategic Wealth Advisors Group LLC acquired a new stake in Adesto Technologies during the first quarter worth approximately $215,000. Institutional investors and hedge funds own 63.05% 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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Insider Buying and Selling by Quarter for Adesto Technologies (NASDAQ:IOTS)

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