Yesterday, the CFO of Adesto Technologies (IOTS), Ron Shelton, bought shares of IOTS for $108K.
Following this transaction Ron Shelton’s holding in the company was increased by 6.9% to a total of $1.72 million. In addition to Ron Shelton, 2 other IOTS executives reported Buy trades in the last month.
See today’s analyst top recommended stocks >>
Based on Adesto Technologies’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $32.03 million and GAAP net loss of $7.57 million. In comparison, last year the company earned revenue of $21.93 million and had a GAAP net loss of $8.4 million. The company has a one-year high of $11.97 and a one-year low of $4.10. Currently, Adesto Technologies has an average volume of 307.37K.
Starting in September 2019, IOTS received 7 Buy ratings in a row. Five different firms, including B.Riley FBR and Craig-Hallum, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $35.03K worth of IOTS shares and purchased $159.3K worth of IOTS shares. The insider sentiment on Adesto Technologies has been neutral according to 69 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Ron Shelton’s trades have generated a 31.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Adesto Technologies Corp. engages in the development, manufacture, and market of non-volatile memory products. It offers DataFlash, Fusion Serial Flash, Standard Serial Flash, EcoXiP, Mavriq and Moneta. The company was founded by Narbeh Derhacobian, Ishai Naveh, and Shane Hollmer in January 2006 and is headquartered in Santa Clara, CA.
Read More on IOTS:
