David Aaron Sells 1,602 Shares of Adesto Technologies Corp (NASDAQ:IOTS) Stock
Adesto Technologies Corp (NASDAQ:IOTS) VP David Aaron sold 1,602 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $10.00, for a total transaction of $16,020.00. Following the sale, the vice president now directly owns 37,859 shares of the company’s stock, valued at approximately $378,590. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of IOTS stock opened at $10.15 on Thursday. Adesto Technologies Corp has a 12-month low of $3.51 and a 12-month high of $11.97. The company has a quick ratio of 0.80, a current ratio of 1.19 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average of $8.56. The stock has a market capitalization of $305.21 million, a PE ratio of -36.25 and a beta of 1.35.
Hedge funds have recently modified their holdings of the stock. D. E. Shaw & Co. Inc. increased its position in Adesto Technologies by 312.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 111,075 shares of the technology company’s stock worth $905,000 after purchasing an additional 84,127 shares during the last quarter. BlackRock Inc. increased its position in shares of Adesto Technologies by 8.8% during the second quarter. BlackRock Inc. now owns 1,764,214 shares of the technology company’s stock valued at $14,378,000 after acquiring an additional 142,988 shares during the last quarter. Cadence Capital Management LLC acquired a new stake in shares of Adesto Technologies during the second quarter valued at about $2,289,000. Charles Schwab Investment Management Inc. increased its position in shares of Adesto Technologies by 16.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 63,069 shares of the technology company’s stock valued at $515,000 after acquiring an additional 8,779 shares during the last quarter. Finally, Northeast Financial Consultants Inc acquired a new stake in shares of Adesto Technologies during the second quarter valued at about $554,000. Institutional investors 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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