Today, the VP Engineering of Adesto Technologies Corp, Hollmer Shane, exercised options of Adesto Technologies Corp (NASDAQ: IOTS) for $8,779. The options were close to expired and Hollmer Shane retained stocks.
This recent transaction increases Hollmer Shane’s holding in the company by 3.71% to a total of $1.26 million. This is Shane’s first Buy trade following 3 Sell transactions.
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Based on Adesto Technologies Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $15.3 million and GAAP net loss of $1.1 million. In comparison, last year the company earned revenue of $11.31 million and had a GAAP net loss of $2.78 million. Currently, Adesto Technologies Corp has an average volume of 145.4K.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $11.50, reflecting a -26.1% downside. Starting in August 2017, IOTS received 11 Buy ratings in a row. Six different firms, including B.Riley FBR and Northland Securities, currently also have a Buy rating on the stock.
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Adesto Technologies Corp. engages in the development, manufacture, and market of non-volatile memory (NVM) products. It offers conductive-bridging random access memory, DataFlash, Mavriq Medical, Moneta ultra low power NVM, power line communication, embedded licensing, and boot memory.
