Adesto Technologies Corp (NASDAQ:IOTS) VP Raphael Mehrbians sold 7,109 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $7.83, for a total value of $55,663.47. Following the transaction, the vice president now directly owns 13,850 shares of the company’s stock, valued at approximately $108,445.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Adesto Technologies Corp (NASDAQ:IOTS) opened at $7.85 on Monday. Adesto Technologies Corp has a twelve month low of $1.75 and a twelve month high of $9.20. The company has a current ratio of 4.41, a quick ratio of 3.98 and a debt-to-equity ratio of 0.41.
Adesto Technologies (NASDAQ:IOTS) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Adesto Technologies had a negative return on equity of 16.47% and a negative net margin of 13.86%. The business had revenue of $15.24 million for the quarter, compared to analysts’ expectations of $14.50 million. During the same quarter in the prior year, the business earned ($0.19) EPS. The firm’s revenue for the quarter was up 36.3% on a year-over-year basis. equities research analysts predict that Adesto Technologies Corp will post -0.25 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Adesto Technologies by 5.6% during the 2nd quarter. Vanguard Group Inc. now owns 126,943 shares of the technology company’s stock worth $578,000 after buying an additional 6,786 shares during the period. Citadel Advisors LLC bought a new position in Adesto Technologies during the 3rd quarter worth $113,000. Pinnacle Associates Ltd. bought a new position in Adesto Technologies during the 2nd quarter worth $112,000. Unterberg Capital LLC increased its position in Adesto Technologies by 9.5% during the 3rd quarter. Unterberg Capital LLC now owns 345,000 shares of the technology company’s stock worth $2,708,000 after buying an additional 30,000 shares during the period. Finally, Spark Investment Management LLC increased its position in Adesto Technologies by 79.6% during the 2nd quarter. Spark Investment Management LLC now owns 176,200 shares of the technology company’s stock worth $801,000 after buying an additional 78,090 shares during the period. Institutional investors and hedge funds own 37.96% of the company’s stock.
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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